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  1. J

    Suggestion for cheap and discreet foundation

    The advantage with a family foundation is that you give up your money, it goes to the foundation. So the taxman is happy to not tax you, because now the money is no longer yours. I read different articles confirming this.
  2. J

    Suggestion for cheap and discreet foundation

    Whom are you referring to???
  3. J

    Where does a company pay taxes?

    Thank you for your answer, much appreciated! Any idea how I can pay less taxes on dividends? I might go live in Italy, and I want to live off dividends. For US companies, if the company distributes $100 in dividends I will pay: 15% taxes in the US (remains $85), 26% of tax on $85 (remains...
  4. J

    Suggestion for cheap and discreet foundation

    Because most of my stocks, bonds and etfs are US domiciled. I pay 30% taxes. If there is a DDT I may pay only 15%.
  5. J

    Where does a company pay taxes?

    There is one thing I have difficulty understanding (I am not a US citizen and I don't live in the US): Suppose I open a company in Cyprus (or any other country). That company owns stocks, bonds, and etfs, and its income comes entirely from dividends from stocks, bonds and etfs. So the company...
  6. J

    Suggestion for cheap and discreet foundation

    The island of Jersey is not in the UK. Jersey didn't sign a DDT with the US (it did with the UK). I am not a US citizen and don't live in the US. Yes, one has to declare the amount of money that one has in a Jersey foundation to the tax man, but if one doesn't do it, I don't think the taxman...
  7. J

    Where to live with max 0-5% total tax

    If I have a company in Cyprus which owns stocks and bonds, and gets dividends from these stocks, I don't pay taxes on these dividends, right? But if I live (say) in France, do I need to pay taxes on these dividends in France?
  8. J

    Suggestion for cheap and discreet foundation

    Would Jersey foundations be good? The name of the settlor and beneficiaries doesn't seem to be disseminated, as well as the name of the "guardian" who makes sure that the funds are used according to the settlor's wishes. And the "guardian" can be the settlor, so the settlor retains total...
  9. J

    Suggestion for cheap and discreet foundation

    I am looking for a country where to set up a discrete (anonymous settlor and beneficiary) foundation, that does not require yearly accounting (at least not audited), if possible with a double tax treaty with the US, and is cheap to set up. I would prefer to avoid banana republics. Liechtenstein...
  10. J

    Family trust

    I am considering opening a family trust, to pay less taxes. As I understand, if I put money in a family trust I no longer have control over the money so it's no longer my own personal money. This only works with irrevocable trusts, because with revocable trusts I can get back the money any time...
  11. J

    Irish company while resident in Italy

    Thank you! Yes, that was my question. You write "that I don't really know": you mean the level of taxation by the Irish taxman on dividends from US, UK, AU, etc. stocks that my Irish company would have? So the Italian taxman wouldn't see the source of incomes in the Irish company, right? They...
  12. J

    Irish company while resident in Italy

    The Irish company wouldn't have Italian stocks, it would have US stocks, Irish-registered ETFs, Australian stocks, Dutch stocks, etc. I am not sure if this is relevant. I am going to read your posts more attentively now, and trying to figure out how it works. Thank you for taking the time to...
  13. J

    Irish company while resident in Italy

    Thank you. I would be resident in Italy, but the company would be managed by a nominal director in Ireland, not by myself. I would be the main (perhaps only) shareholder. You are talking about the taxes on the dividends, right? Wouldn't a company resident in Ireland calculate taxes following...
  14. J

    Irish company while resident in Italy

    I don't know if anybody knows this situation. If I am resident in Italy and own an Irish company domiciled in Ireland, I would normally need to pay taxes in Italy. However, there might be some slight tax savings depending how this is done. Would the accounting be done in Ireland, since this is...
  15. J

    Good company to open Foundation in Liechtenstein?

    Which countries? Tell, tell, ...
  16. J

    Good company to open Foundation in Liechtenstein?

    Thank you. Yes, the prices of Goldiminas don't make any sense. I have been writing to agents who offer much lower prices (about half as much). Also, Liechtenstein foundations don't need 2 local directors, accounting, audit, etc. So he doesn't know what he is talking about. Anyway, LoveMyLife...
  17. J

    Good company to open Foundation in Liechtenstein?

    Hi, Does anybody know a good company (trustworthy, efficient and cheap) with which to open a foundation in Liechtenstein? Thank you!
  18. J

    How does the Common Reporting Standard (CRS) work?

    But what if the country where one has the bank account doesn't know that their customer lives in another country? E.g. if I live in country x, and move to country y, and don't tell my bank in county x that I moved, how can the government of country y find out I have a bank account in country x?
  19. J

    How does the Common Reporting Standard (CRS) work?

    Greetings. I have a simple question about the Common Reporting Standard (CRS). Do governments ask each bank individually for information about a person? Or is there a nation-wide dataset of all the banks' clients, and foreign governments can consult this list? I am not planning to open a bank...
  20. J

    Delaware company incorporation: good idea?

    Thank you. Very helpful. But I still have a question: The US government and the IRS would not know who I am, and neither would the European taxman, since the company is not in my name. So if I don't tell the European taxman that I have this income, who is going to pay taxes? Is the US company...

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