<\/p>\n
Alvaro E. Tomas, Director of Operations, MMG Trust (Panam\u00e1), S.A.<\/p>\n
The remarkable growth of the Brazilian economy in the past years, its leading global industries and worlddemand for products such as meat and commodities, have created a new generation of wealthy Brazilian families. These families, unlike more traditional ones, are looking for global solutions to manage their wealth in a dynamic, safe and efficient way. A study by Merryl Lynch and Cap Gemini (2011) estimates that the Brazilian economy will create, by the year 2016, almost 500,000 new millionaires.<\/p>\n
In the year 2003, the government of The Bahamas introduced through new, modern and flexible legislation, the Specific Mandate Alternative Regulatory Test Funds (\u201cSMART Funds\u201d) as an innovative and dynamic tool for the administration of wealth in general or as special investment vehicle for professional managers and advisors. In a wise move, Bahamian regulators established this category of funds where qualified investors and managers enjoy some flexibility in the supervision by purporting to know the type of risk in which they invest well. There are seven types of SMART Funds, some so flexible that they require no presentation of audited financial statements, term sheets, etc.<\/p>\n
For patrimonial and tax planning in Brazil, SMART Funds have become \u00a0a very useful and efficient tool. Brazilian residents are taxed globally, that is on their income anywhere in the world. Most of the financial income obtained outside Brazil is taxed at a rate of 15% except for dividends, which may be taxed at up to 27.5%. For a Brazilian client with a portfolio of ordinary or preferred shares paying dividends frequently, current taxes would reduce investment return dramatically. SMART Funds are an alternative that, on one hand, differ payment of tax over dividends by capitalizing them and, on the other, upon redemption of the shares from the SMART fund, said income would be taxable at 15% only, producing a 12.5% savings.<\/p>\n
About The Bahamas<\/span><\/p>\n Since its independence in 1973, the Bahamas has worked and become an outstanding international financial center, with solid legislation aimed at facilitating business and a community of highly qualified workers to answer the demand of financial services offered by the jurisdiction. The Bahamas government is committed with the international financial community to maintain the jurisdiction as a financial center of excellence.<\/p>\n Morgan & Morgan Group have been present in the Bahamas since 1991 through MMG Trust Ltd. (corporate services provider), MMG Fund Services Ltd. (Unrestricted Fund Management License) and MMG Bank & Trust Ltd. (international license bank) since 1996. <\/em><\/p>\n Disclaimer<\/em><\/p>\n This document is not intended to serve and does not constitute tax advice for Brazilians or persons from any other nationalities, including U.S. citizens or residents.\u00a0 It is merely informational and all interested parties must seek advice from tax consultants in their own jurisdictions.<\/em><\/p>\n <\/p>\n Alvaro E. Tomas, Director de Operaciones, MMG Trust (Panam\u00e1), S.A.<\/p>\n El impresionante crecimiento de la econom\u00eda brasile\u00f1a en los \u00faltimos a\u00f1os, sus industrias l\u00edderes\u00a0 y la demanda por productos como la carne y los commodities, han creado una nueva generaci\u00f3n de familias brasile\u00f1as adineradas. Estas familias, a diferencia de otras m\u00e1s tradicionales, est\u00e1n buscando soluciones globales al manejo de su patrimonio en forma din\u00e1mica, segura y eficiente. Un estudio de Merryll Lynch y Cap Gemini (2011) estima que la econom\u00eda brasile\u00f1a crear\u00e1, para el a\u00f1o 2016, alrededor de 500,000 nuevos millonarios.<\/p>\n En el a\u00f1o 2003, el gobierno de Las Bahamas cre\u00f3 mediante una legislaci\u00f3n moderna y flexible los Specific Mandate Alternative Regulatory Test Funds (\u201cSMART Funds\u201d) como una herramienta innovadora y din\u00e1mica para la administraci\u00f3n de patrimonios patrimoniales en general o como veh\u00edculos especiales de inversi\u00f3n para administradores y asesores profesionales. Muy atinadamente, los reguladores bahameses establecieron esta categor\u00eda de fondos en que inversionistas y administradores calificados podr\u00e1n gozar de cierta flexibilidad en la supervisi\u00f3n al presumir que conocen bien el tipo de riesgo en que invierten. Existen siete tipos de SMART Funds, unos son tan flexibles\u00a0 que no requieren la presentaci\u00f3n de estados financieros auditados,\u00a0 de una hoja de t\u00e9rminos, etc.<\/p>\n Para la planificaci\u00f3n patrimonial y fiscal en dicho pa\u00eds, los SMART Funds son una herramienta muy \u00fatil y eficiente. \u00a0Este veh\u00edculo ha sido promovido por las autoridades de Las Bahamas con mucho \u00e9xito en la Rep\u00fablica de Brasil. A los residentes brasile\u00f1os se les grava en forma global, es decir, sobre cualquier ingreso en cualquier parte del mundo. La mayor\u00eda de sus ingresos financieros obtenidos fuera de Brasil son gravados a una tasa impositiva de 15 % con la excepci\u00f3n de los dividendos que pueden llegar a ser gravados con el 27.5 %. \u00a0Si el cliente brasile\u00f1o tuviera un portafolio de acciones comunes o preferidas que pagara dividendos frecuentemente, las consecuencias fiscales mitigar\u00edan los retornos de la inversi\u00f3n en forma dr\u00e1stica. Los SMART Funds son una alternativa que, por un lado, difiere el pago del impuesto\u00a0 de dividendos al capitalizarlos y por otro lado, al redimir las acciones del fondo dicho ingreso s\u00f3lo ser\u00eda gravable al 15 % produciendo un ahorro de 12.5\u00a0 %.<\/p>\n Sobre Las Bahamas<\/span><\/p>\n Desde su independencia en 1973, Las Bahamas ha trabajado y se ha convertido en centro financiero internacional de inmejorable reputaci\u00f3n, con una s\u00f3lida legislaci\u00f3n orientada a facilitar los negocios y una comunidad de trabajadores altamente calificados para atender la demanda de los servicios financieros que ofrece su jurisdicci\u00f3n. El Gobierno de Las Bahamas est\u00e1 comprometido con la comunidad financiera internacional\u00a0 con mantener a la jurisdicci\u00f3n como un centro financiero de excelencia.<\/p>\n El grupo Morgan & Morgan mantiene una presencia f\u00edsica en Las Bahamas desde 1991 a trav\u00e9s de MMG Trust Ltd. (proveedor de servicios corporativos), MMG Fund Services Ltd. (Licencia de Administrador de Fondos sin Restricciones) y MMG Bank & Trust Ltd. (banco de licencia Internacional) desde 1996.<\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Alvaro E. Tomas, Director of Operations, MMG Trust (Panam\u00e1), S.A. The remarkable growth of the Brazilian economy in the past years, its leading global industries and worlddemand for products such as meat and commodities, have created a new generation of wealthy Brazilian families. These families, unlike more traditional ones, are looking for global solutions to<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/posts\/24299"}],"collection":[{"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/comments?post=24299"}],"version-history":[{"count":0,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/posts\/24299\/revisions"}],"wp:attachment":[{"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/media?parent=24299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/categories?post=24299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/tags?post=24299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}