CRS Implementation! Practical Solutions Are Here
Date: 7/14/2018 (Saturday)
Location: 7th Floor, Tower 1, Century Link Plaza, 1198 Century Avenue, Pudong New Area, Shanghai
Appointment: 400-138-2929
As you know, the data reporting work for the "China CRS" was completed on May 31, 2018. This means that the "China CRS" has finished the stage of collecting and receiving tax-related information and is about to enter the practical implementation phase this September, carrying out the first exchange of information.
So, in the face of the aggressive "China CRS," what should you, as a high-net-worth individual, do? Do not panic or be afraid; you can actually plan your assets reasonably and respond to CRS with composure. That is to obtain a passport from a country with low tax rates that offers exemption from global taxation.
For example, the highly cost-effective Commonwealth passport (such as St. Kitts and Nevis passport, St. Lucia passport, Dominica passport, Antigua passport, or Vanuatu passport), which is renowned as an "asset safe" and a "world passport."
These Commonwealth countries have excellent tax systems and are world-class offshore financial centers. Holding any one of these passports can solve your various needs in one go, including global asset allocation, tax planning, children's education planning, and convenient global travel.
Obtaining a Commonwealth passport is like having your own exclusive "asset planner." Taking the St. Kitts and Nevis passport as an example, St. Kitts and Nevis does not levy overseas income tax, capital gains tax, property tax, gift tax, or inheritance tax on its citizens, and it is one of the few countries that does not impose global taxation. Under the trend of CRS global tax collection, high-net-worth individuals can use their St. Kitts and Nevis citizenship to reasonably plan their taxes, providing better protection for their personal and family assets.
Rogers stated: He owns more than one passport, and his children have even more.
Rogers' quote: "In the next 10 to 15 years, having only one passport is too dangerous because it will lead to many, many problems, whether economic, political, or military. Being limited to one passport will make you feel very inconvenient. Therefore, in order to diversify your assets and even diversify your real estate, you need to have a Plan B. For me or for everyone, Plan B means having a second place to live, and preferably, having a second passport."
In short, do not wait until the day your bank account is frozen to regret it.
Tax planning for overseas asset allocation for high-net-worth individuals brooks no delay.
Now, the global ultra-low-price promotion launched by Worldway for immigration to St. Kitts and Nevis features a low investment amount, no principal required, 0 down payment, and a 4% full loan for property purchase, allowing your family of four generations to quickly obtain a Commonwealth passport! Spots are limited, so do not hesitate! Act now!
