Recently, the Organisation for Economic Co-operation and Development (OECD) released a tax report during the G20 summit, which demands further enhancement of transparency in tax-related information for financial accounts. Following the release of this report, many high-net-worth individuals in China are concerned that their offshore assets may be exposed at any time. Tax residency planning for overseas investors has now become urgent; therefore, opening accounts or conducting overseas investments using a foreign identity is particularly important!
Looking globally, among the many offshore havens, the European immigration dark horse, Cyprus, stands out in investment projects due to its own advantages, becoming one of the choices for many investors to preserve and increase the value of their wealth.
First, Cyprus is a world-class tax haven
Cyprus implements favorable tax policies for investors. It is a non-global taxation country with no property tax, no inheritance tax, and no gift tax, and it has the lowest corporate income tax in Europe (12.5%).
Second, Cyprus is a world-renowned offshore financial center
Possessing a Cyprus passport and opening accounts overseas as a Cypriot citizen allows for more options in the allocation of existing wealth. It enables the selection of richer and more suitable investment tools in larger overseas markets to conduct broader asset allocation, easily achieving asset liquidity and overseas investment. It is a great assistant for asset management.
Furthermore, the Cyprus passport is the most cost-effective golden passport
Holders of a Cyprus (EU) passport can enjoy visa-free access to over 150 countries, and can freely travel, study, work, and reside in various EU countries, enjoying various high-quality benefits of EU citizenship.
Cyprus passport application requirements:
1. The main applicant must be at least 18 years old;
2. No criminal record;
3. Purchase one or more properties in Cyprus totaling 2 million Euros (can be sold after three years, with only 500,000 Euros worth of residential property required to be retained).
The investor, their spouse, and financially dependent children under 28 years old can obtain citizenship. If the main applicant's parents purchase an additional residential property worth 500,000 Euros, they can apply for Cyprus citizenship and become EU citizens.
For more information about the project, please call 400-138-2929 to contact Worldway Immigration and consult with professional experts.