European legislation stipulates that within the European Union, taxation of insurance premiums paid under a contract is subject to the tax laws of the country of residence of the policyholder.
Consequently, the contract that you enter into with Euresa-life, a Luxembourg-based insurance company, is subject to the tax laws of your country of residence.
In accordance with the principle of non-discrimination, the European legal system also stipulates that a contract entered into with a company, exercising its activity under the principle of freedom to provide service (FPS), must benefit from the same taxation as that which would apply to a contract entered into by yourselves with an insurance company in your country of residence.
In the case of residents of a non European Union country, the applicable taxation system is that of the country of residence of the policyholder.
Due to specific legislation in each country, the company wishes the policyholder to be advised that the policy taken out may not be considered a life insurance policy by the administrative authorities of his country of residence. For this reason, the company asks the subscriber to sign a disclaimer informing him of this risk.