With the gradual implementation of the Common Reporting Standard (CRS) in China, tax transparency for global asset allocation is becoming increasingly high. Obtaining an overseas identity in a tax haven has become a wise choice for many investors looking to expand their overseas business and conduct rational tax planning. As a world-class tax haven, Saint Lucia's Citizenship by Investment program has attracted the attention of numerous foreign investors since its launch.
The world-famous tax haven of Saint Lucia offers a superior tax system. By immigrating to Saint Lucia, you can exempt your global assets from the following taxes:
1. Capital Gains Tax
Capital Gains Tax (CGT) is levied on capital gains (profits earned from buying low and selling high). Common capital gains include income from the sale of stocks, bonds, precious metals, and real estate. Saint Lucia has a tax-free policy on capital gains.
2. Property Tax
Property tax is a levy on property owned and controlled by legal entities or natural persons. Taxable objects for property tax are generally divided into two categories: real estate (such as land and improvements thereon) and personal property. Saint Lucia has an exemption policy on property tax for its citizens.
3. Gift Tax
Gift tax is a tax levied on the donor or the recipient based on the value of gifted property. Saint Lucia imposes no gift tax.
4. Inheritance Tax
Inheritance tax is a tax imposed by a country or region on the estate left by a deceased person, sometimes referred to as a "death tax" abroad. Saint Lucia exempts its citizens from inheritance tax, allowing for the effective succession of family wealth.
5. Foreign Income Tax
Saint Lucia does not tax its citizens on income earned from investments outside the country, which can effectively preserve overseas investment returns.
6. Global Taxation
The global taxation system is a tax regime where a country taxes the worldwide income of its citizens and permanent residents, regardless of which country or region the income is derived from. Saint Lucia is one of the few countries in the world that does not implement a global taxation system, which can effectively save on tax costs for global asset allocation.
Since 2017, Saint Lucia has implemented a newer immigration act. With a minimum donation of only $100,000, it has become one of the most cost-effective immigration programs among global legislated projects. Since the launch of the new immigration act, the Saint Lucia Citizenship by Investment program has quickly become a new favorite in the global passport market.
Currently, processing your Saint Lucia Citizenship by Investment application through WorldWay Group is simple and fast, allowing three generations of a family to obtain a Saint Lucia passport in just 12 weeks. Post-immigration tax planning for global asset allocation can be handled entirely using your status as a Saint Lucia citizen.
Application Requirements for the Saint Lucia Passport Program:
1. The applicant must be at least 18 years old;
2. No criminal record, and good character;
3. Meet the investment requirements.
As a leading institution in investment immigration, WorldWay Group maintains a good relationship of trust, interaction, and cooperation with the Saint Lucian government, allowing us to obtain official news in a timely manner and safeguard the immigration journey of our investors. In July 2017, a WorldWay delegation led by Dr. Winner Xing, Chairman of WorldWay Group, was invited to visit Saint Lucia and held friendly talks with the Prime Minister of Saint Lucia, Mr. Allen Michael Chastanet, and several other government officials. WorldWay became the only immigration agency in China to be received by the Prime Minister of Saint Lucia. This meeting was described by the industry as a "historic meeting."
Choose WorldWay for your Saint Lucia Citizenship by Investment application to make your immigration journey easier! For details, please call: 400-138-2929.