With the continuous development of economic globalization, have you started your global asset allocation? As the era of global taxation under the CRS approaches, have you already opened offshore accounts for your business and personal use?
On July 1, 2017, the Chinese version of the CRS, the "Administrative Measures for Due Diligence on Tax Information of Non-Resident Financial Accounts," began tracking financial assets globally (targeting high-net-worth individuals with over $1 million). It required the completion of due diligence on existing high-net-worth individual accounts by December 31, and officially began the exchange of information on tax resident financial accounts in 2018.
For high-net-worth individuals, the time to address the CRS is extremely tight; one must be both fast and precise. Immigration experts at Worldway Group state that obtaining a versatile Commonwealth passport—such as those from Dominica, Saint Lucia, Antigua and Barbuda, or Saint Kitts and Nevis—will allow you to address the CRS efficiently and reasonably. At the same time, it provides a one-stop solution to easily meet various needs, including overseas asset allocation, global mobility, children's education, and retirement migration.
Taking the Dominica passport as an example: by investing in Dominica and opening offshore accounts as a citizen of Dominica to conduct global asset allocation, you can comprehensively and reasonably avoid the CRS. This is because Dominica is a world-class tax haven that exempts its citizens from capital gains tax, property tax, inheritance tax, and gift tax. It is also one of the few countries that does not impose global taxation, implementing a "zero" tax policy on overseas income. Opening an offshore account as a Dominica citizen and transferring overseas assets to that account can reasonably save on global investment tax costs, allowing your global wealth to be preserved and passed on.
As one of the more affordable Commonwealth passport programs, the Dominica program allows a single applicant to obtain a Dominica passport quickly and in one step by investing $100,000 in the government fund. Furthermore, by investing no less than $200,000 in a government-approved real estate project—such as the Kempinski Dominica Resort—a $220,000 investment in hotel equity not only allows a family of four generations to quickly obtain Dominica citizenship, but also secures $220,000 worth of hotel equity. It is reported that this value is expected to appreciate in the near future. Additionally, you can enjoy annual investment returns from the hotel equity project. After three years, you may sell the hotel equity according to the Citizenship by Investment Act without affecting your obtained status. If sold after five years, the next buyer may also apply for Dominica citizenship through this project.
As one of the first immigration companies in China to promote the Dominica Citizenship by Investment Program, Worldway Group has maintained an excellent relationship with the government of Dominica for many years. The Prime Minister of Dominica, Hon. Roosevelt Skerrit, has visited Worldway Group four times and has provided exclusive benefits to Worldway VIP clients, such as simplified application procedures and accelerated approval speeds. With the green light brought by the Prime Minister, it will be even simpler, more convenient, and faster for investors to apply for Dominica citizenship through Worldway in the future.
Worldway Group's major promotional event, the "3rd American Immigration Month," is currently in full swing! Anyone who signs a contract for a mainstream investment immigration project with Worldway Group on any day in June can enjoy significant discounts! For more details, please call the Worldway Group hotline: 400-138-2929.