E X PA N D I N GTHEGLOBAL ENTREPRENEUR IDENTITY

2 February 2017Google Campus – São Paulo

Who am I?Mariza Pavalama

Founder, Worldly Mindset

Entrepreneur | Location Independent| Communicator-at-Large

Traditional Corporate Experience

§ 10 years, U.S. Insurance Company- Pensions & Investments- Training & Educational Seminars- New Product Innovation- Legal & Regulatory

- University of Connecticut- Finance Degree & M.B.A.

Entrepreneur

§ Moved to São Paulo 2011- Business Consultant

- Location-Independent 2015- Founded: Personality Pods,

SpanishBusinessVisas.com, WorldlyMindset.com

- Traveled to 5 countries in 2 years

Disclaimer: I am NOT a lawyer or tax professional.

Agenda

■ Location Independent Entrepreneur■ National vs. Global Identity■ Why Expand Your Identity■ Becoming More Multinational with Passports & Residency■ Offshore Accounts■ Offshore Business Entities■ Tax Savings

The Location Independent Entrepreneur

a.k.a. Digital Nomad

Characteristics:■ Able to manage your business online from anywhere■ Can carry everything you need, use the sharing economy for the rest■ Types of businesses that are Location Independent■ Base vs Full-Nomad

Types of Global Entrepreneurs

Frequency of Travel Rarely Sometimes Often Constantly

Traditional Base: Lives in 1 country, does business with others

Business Traveler: Lives in 1 country, attends conference/meetings in others

Slow-Traveler: Lives in several countries per year for at least 2-3 months

Full Nomad: Travels each month or less to a new location for business/lifestyle

Location Independent Entrepreneur

Benefits:■ Cost-of-living “geo-arbitrage”■ Traveling vs. Home-base Expenses■ Reduce business expenses: lower labor costs

– Developer, VA, Social Media Management, Freelance Designers■ Business Networking: Events and Conferences■ See the World & Experience More

Location Independent Entrepreneur

Challenges:■ Relationships with Family & Friends■ Discipline - Work & Well-being■ Language

■ Visas & Immigration■ Access to Money■ International Business Structure

The Identity You’re Born With:

One Nationality. One Passport.

“Vagina Lottery”

The Identity You Must Adopt:

One Planet. Many Options.

“Countries are Bairros”

Visa-free Travel: where can you go?

Brazil: Visa-Free travel

Passports.io

All your eggs in one basket (country)

■ Passport■ Residency■ Banking■ Business■ Income■ Investments

Empires Come and Go

Geo-Political & Economic Risk

■ Unstable Currencies■ Countries Heavily in Debt■ Insolvent Banks■ War on Cash (India)■ Restrictions on Movement ■ Capital Transfers

Solution: Diversify Your Identity Toolset

Toolset #1

■ Become a Multinational Person– Get visas, residency, citizenships, passports

Toolset #2

■ More currencies, less problems– offshore bank accounts & cryptocurrencies.

Toolset #3

■ Start an offshore company or two– offshore corporations, business bank accounts

Toolset #1: Multinational is Not Just About Business

Visas & Residency Permits

■ Difference: permission to travel for visiting vs. permission to stay

■ Benefits:– More Visa-free travel, e.g. Schengen Zone– Banking and Incorporation Easier– Path to Citizenship & 2nd Passport– Access to Social Healthcare– Potential Tax Benefits– Forever Summer!

Toolset #1: Multinational is Not Just About Business

Residency Permits Types:

■ Retiree or Non-Lucrative

■ Business

■ Employment

■ Student

■ Marriage/Kids/Religious

Simple Residencies to Obtain

Europe– Portugal– Spain– France– Germany– Estonia– Hungary– Czech Republic

Asia– Thailand– Malaysia– The Philippines

Latin America– Peru– Panama– Chile– Ecuador– Paraguay– Brazil

Toolset #1: Multinational is Not Just About Business

Citizenship & Passport

■ Ways to get another passport:– Investment = Buy it– Time in country– Ancestry– Become a celebrity

Ancestry in European Countries

Dual Citizenship Countries

Toolset #2: Banking

■ Money is a tool we use to create the experiences we want, in business and in life.

■ Bank where it’s easy to access your money■ Cryptocurrencies: Bitcoin

Toolset #2: Offshore Accounts

Regions■ Europe

■ Latin America

■ Asia

■ Caribbean

Considerations■ Open account in-person

■ Citizenship (US FATCA)

■ Amount of Capital

Toolset #2: Offshore Accounts

Benefits:■ Diversification: Bank & Currency Risk■ Save on Currency Exchange & Transfer Fees■ Tax Strategy

Toolset #3:Optimized Business Structures

If your country has a complicated tax structure, incorporate your startup elsewhere.

à Open offshore corporations with low or 0% tax rates

à No Foreign Income Taxation

Corporate Taxation

Foreign Income Taxation

Countries with 0% Corporate Tax

Estonia 0%

GDP per capita

Estonia: e-Corporation

■ Ability to register a new company online

■ Low startup and maintenance cost

■ Remote administration from anywhere in the world

■ 0% corporate income tax until distributions are made, which means more money to invest

■ Minimal bureaucracy and clear tax framework

■ Ease of doing business with EU and other international clients

■ Increased perception of trustworthiness as a result of registration in EU

Ex: Brazil & Estonia Entities

Brazil Entity■ Sociedade Anônima (S/A)■ Brazilian clients

■ Bank Account ($BRL)■ Legal & Accounting fees: $$$$

■ Corporate tax: 34%*■ Personal Income tax: 15 - 20%

Estonia Entity■ Limited Liability Company■ International clients

■ Bank Account: (EUR, GBP, USD etc)■ Legal & Accounting fees: 49€/month

■ Corporate tax: 0%■ Personal Income tax: effective 15%

*In addition to statutory corporate income tax rate of 15%, surtax of 10% on income in excess of BRL 240,000 per year imposed and 9% (20% for financial institutions) social contribution tax (CSLL) levied on adjusted net income.

Benefits of Multiple Entities

■ Lower international cost & complexity of international clients

■ Minimize personal income tax

■ Administration with simple SaaS accounting program

■ O% Corporate– Re-invested Earnings– International Business Expenses

■ Path to European residency

SUMMARYBenefits of Expanding Global Identity

Expand Your Global Identity

■ Plan B: To Live, To Access Money, To Do Business

■ Tax Savings: Personal & Corporate Tax could be 0%

■ Ease of Doing Business

■ Lower Personal & Business expenses

■ More Options, More Freedom

Multinationalism is not just for companies anymore.

Go where they serve you best.

“Countries are Bairros”

Topics In-Depth

■ Location-Independence

■ Residency Visas

■ Passports & Citizenship

■ Offshore Accounts & Entities

Q & AContact:mariza@worldlymindset.com

www.WorldlyMindset.com