Best location for a foundation

[robinhood]

Hello gents,

nice to meet you.
I’m looking to setup a foundation (I was proposed Luxembourg and Liechtenstein) where I can receive funds from one company I work for as IT specialist (this company is offshorein order to protect the assets (mainly will buy real estates and do some financial investments) and separate those from my person (even if I live in a tax free country).
I was proposed to set it up in Luxembourg and Liechtenstein but I’m not totally sure as I’ve the following requirements:

1. Foundation has to be untouchable.
2. I will be the beneficiary of it.
3. Strong and stable jurisdiction (not most cheap/common offshore solutions).
4. Tax free or min. tax.

I’m not looking for crazy cheap options, I’m ok to pay the right amount.

thank you so much for the attention

 

[Sols]

Why do you need a foundation for this? Why not just a regular company?

In any case, the recommendations you have received are good. You might also want to explore Switzerland, Isle of Man, and Guernsey/Jersey.

 

[robinhood]

Because a foundation should be more protected, isn’t it?

 

[Clip]

Protected against Civil or Criminal ? For Civil, try South Dakota or Wyoming

 

[robinhood]

I have clean criminal record , never did anything bad but when it comes to get money from offshore company I’m afraid that there could be some troubles in the future.

 

[Sols]

But what are you protecting yourself from? What advantage would a foundation have over a company?

Why not just form a local company? You're going to have to pay local taxes anyway.

 

[Artemis Eleutheria]

Because a foundation should be more protected, isn’t it?

You intend to hold real estate ... that is the asset you need protecting, not the foundation or trust.

So question is more how to you protect your real estate assets from the ruling mafia where these are located ... including risk of blackmail using those assets as leverage.

 

[robinhood]

Protection from tax authorities that may claim taxes from my citizenship country.

 

[Clip]

Protection from tax authorities that may claim taxes from my citizenship country.

A foundation won't protect you from that, you may need some tax planning depending on your country

 

[GrumpyMess]

A foundation won't protect you from that, you may need some tax planning depending on your country

What will protect?

 

[robinhood]

What will protect?

I am here to understand how to structure everything in the right way.

 

[robinhood]

A foundation won't protect you from that, you may need some tax planning depending on your country

Do you know any serious consultant?

 

[Sols]

Go speak with a local tax adviser. Check and see if you have any of the major international firms represented locally, such as Vistra, Grant Thornton, or Appleby.

Unless you plan to move to tax haven, your home jurisdiction law will apply to you and should be obeyed in a long-term sustainable structure.

 

[JohnSeed]

To protect yourself from tax authorities is almost impossible unless you move to Luxembourg or Switzerland or do anything dark. It's not possible any longer to hide behind foundations and corps. like it was 3 years back. Time has changed no one is able to do that any longer unless they are willing to move from their home country in a tax beneficial country.

I agree there are still waterholes as we speak but wait a few years maybe just 1 year from now and you will se them dry as the dessert. New tools need to come on the table and new currencies like crypto & Gold are the ways to move assets today. Forget about tax heaven they are dinosaurs from the past.

 

[GrumpyMess]

is almost impossible unless you move to Luxembourg or Switzerland

Why these countries?

 

[robinhood]

Go speak with a local tax adviser. Check and see if you have any of the major international firms represented locally, such as Vistra, Grant Thornton, or Appleby.

Unless you plan to move to tax haven, your home jurisdiction law will apply to you and should be obeyed in a long-term sustainable structure.

I actually already live in a tax heaven but my tax authority isn’t totally fine if I get money from Seychelles.

 

[Clip]

I actually already live in a tax heaven but my tax authority isn’t totally fine if I get money from Seychelles.

I live in a low tax country and no problems getting money from Seychelles

 

[Sols]

I actually already live in a tax heaven but my tax authority isn’t totally fine if I get money from Seychelles.

If you live in a tax haven, why don't you just form a local company?

 

[JohnSeed]

I don't get! You live in a tax haven i.e. you don't have to pay any tax right!?! So your tax regime does not like money from the Seychelles, I would then go for a UK company and take the money home tax free. Or do it with a Cyprus company if you have the money. It's easy regardless which of the jurisdictions you choose.

 

[robinhood]

If you live in a tax haven, why don't you just form a local company?

because the local tax authority thinks that it’s not a real business when I get payments from Seychelless.