The Chinese version of CRS (Common Reporting Standard for Automatic Exchange of Financial Account Information) was officially implemented on July 1. In August, banks in Hong Kong began issuing "CRS Self-Certification Forms" to account holders, which means that CRS is no longer just a topic of online discussion, but is now a reality for every overseas account holder. The transparency of asset information is an inevitable trend. High-net-worth individuals need to fully consider the impact of CRS when conducting overseas immigration and global asset allocation, and reasonable tax planning has become the primary need for the vast majority of high-net-worth individuals in China.
According to the CRS implementation schedule in China, the first exchange of tax-related information under CRS will take place in September 2018, which is less than a year away. Therefore, if you can make good use of this time to quickly apply for a tax haven passport from Saint Lucia and adjust your global asset allocation structure or establish an offshore company using Saint Lucian citizenship, you will be better prepared to cope with the impacts of CRS.
Advantages of the Saint Lucia Passport Program:
1. Legally obtain citizenship (nationality) in one step;
2. Low investment amount, low-cost legal passport acquisition;
3. Convenient travel, visa-free or visa-on-arrival access to nearly 150 countries and regions, including the United Kingdom, Schengen countries, Ireland, the United Arab Emirates, South Korea, Hong Kong, Taiwan, Singapore, etc.;
4. Dual nationality is recognized, which does not affect domestic life;
5. Short application time, approval can be obtained within 12 weeks after submission;
6. No immigration monitoring requirements, no landing required;
7. A tax haven with no property tax, gift tax, inheritance tax, estate tax, or capital gains tax, and is one of the few countries that do not impose global taxation;
8. Beautiful environment, a paradise for vacations.
In addition to the above advantages, the Saint Lucia passport program, with its developed offshore financial services, allows investors who obtain a Saint Lucia passport to easily establish offshore companies locally, transfer businesses, and be neighbors with internationally renowned companies such as Alibaba, Coca-Cola, and CK Hutchison, stepping into the ranks of multinational enterprises.
At the same time, Saint Lucia's superior tax system, with no capital gains tax, inheritance tax, or gift tax, is one of the few countries that do not impose global taxation, applying zero taxation on overseas assets for its citizens, making it easy to cope with CRS global taxation and effectively saving on global asset allocation tax costs.
WorldWay Immigration Group - Your First Choice for Obtaining a Saint Lucia Passport
Immigration is a long and complex process, and it is particularly important to choose a professional and reputable immigration agency with good government relations. As a leading institution in the investment immigration industry and one of Asia's top 500 brands, WorldWay Immigration Group has maintained a good relationship of trust, interaction, and cooperation with the government of Saint Lucia, allowing us to obtain official information in a timely manner and providing a comprehensive service network in Saint Lucia, which will be a solid support for your immigration journey.
In July 2017, Dr. Winner Xing, Chairman of WorldWay Immigration Group, led a delegation to visit Saint Lucia, where they had friendly talks with Prime Minister Allen Michael Chastanet and several other dignitaries from Saint Lucia. This meeting was referred to in the industry as a "historic meeting." WorldWay Immigration also became the only immigration agency in China to be received by the Prime Minister of Saint Lucia.
Recently, Nestor Alfred, Director of the Saint Lucia Citizenship by Investment Unit, a long-time friend of WorldWay Immigration, visited the Beijing, Shanghai, and Shenzhen offices of WorldWay Immigration Group and participated in investor meetings held in these three locations, personally answering questions from investors. Director Nestor Alfred emphasized that the government of Saint Lucia will continue to fully support WorldWay Immigration in promoting Saint Lucia's investment immigration program. In the future, if WorldWay Immigration encounters any issues while promoting Saint Lucia's investment immigration program, they can contact him directly, and he will do his utmost to assist in resolving any problems investors may face during the investment immigration process to Saint Lucia.
[Director of the Saint Lucia Citizenship by Investment Unit, Mr. Nestor Alfred, and Dr. Winner Xing, Chairman of WorldWay Immigration Group]
For immigration services to Saint Lucia, choose WorldWay Immigration for a smoother immigration journey! For more details, please consult: 400-138-2929.