On September 26, Haidilao successfully listed on the Hong Kong Stock Exchange! At this time, Haidilao's listing is widely considered by the outside world as an intention to accelerate its overseas industrial layout. However, numerous media reports state that the owner of "Haidilao," Zhang Yong, has already immigrated overseas with his entire family.
It is understood that the Haidilao holding company listed on the Hong Kong stock market was actually re-registered in the Cayman Islands, with the full name HADILAO INTERNATIONAL HOLDING LTD. Its operating system is composed of the Haidilao Cayman company and 368 branches, including 57 subsidiaries.
This inevitably brings to mind the famous words of Mr. Li Ka-shing: It is not strange to hold a foreign passport! Immigrating overseas or obtaining a second passport has become a standard accessory for China's wealthy.
What does it mean to immigrate overseas, obtain a green card, and possess a second passport?
Immigrating overseas or possessing a second passport means having more convenience in areas such as investment, overseas market expansion, opening bank accounts, overseas listings, and global property allocation.
Currently, passports have become a method of asset allocation for high-net-worth individuals. The logic is the same as portfolio diversification; passport portfolios should also be diversified. The New York Times stated: "High-net-worth individuals around the world are increasingly choosing investment immigration to obtain visas or citizenship in other countries." An article in The Economist mentioned: "$2 billion is spent globally on passport purchases every year, and it is not just for the money."
In this new era, if your understanding of immigration is still limited to obtaining a green card or meeting residency requirements, it can only be said that you have not yet boarded the "Noah's Ark" of the new immigration trend. In the current environment of continuous global integration, obtaining an overseas passport is a matter of urgency.
What are the actual benefits of owning a Commonwealth passport?
With the full implementation of CRS global tax reporting, for high-net-worth Chinese individuals who consider CRS as a primary factor in identity planning, owning a global passport for identity planning and overseas asset allocation is particularly important.
In addition to Haidilao owner Zhang Yong's immigration, many wealthy Chinese individuals have already obtained multiple passports. For example, Zhang Lan, owner of South Beauty, obtained a passport from the Caribbean island nation of Saint Kitts and Nevis to facilitate the company's listing; another example is the wife of Zhou Fuyu, owner of Zhou Hei Ya, who joined the Republic of Vanuatu in 2015, primarily to facilitate a listing in Hong Kong.
Furthermore, Li Ka-shing, Jack Ma, Pony Ma, Robin Li... these wealthy Chinese individuals you know all have a "home" in places like the Cayman Islands or the Caribbean Islands! Besides enjoying preferential tax policies, another benefit of registering a company there is that it facilitates overseas listings.
Many wealthy people have begun to add a second or even a third passport for themselves, and the second-country passports they acquire are often from low-tax countries, such as Saint Kitts and Nevis, Grenada, Vanuatu, Saint Lucia, Dominica, and Antigua and Barbuda. Owning a Commonwealth passport can solve practical issues such as overseas asset allocation, overseas relocation, children's education planning, and corporate overseas listing in one step. This holds incomparable appeal for high-net-worth investors with immigration and investment needs.
As one of the top 500 Asian brand immigration agencies, Worldway Group focuses on overseas investment and has pioneered many industry-leading initiatives. With the philosophy of "Integrity-based, Client-first," we carefully select projects and provide professional services to our clients, with successful cases all over the world! Relying on 21 years of rich practical experience, we have selected high-quality Commonwealth passport projects for investors—Saint Kitts and Nevis, Saint Lucia, Dominica, Grenada, Antigua and Barbuda, and Vanuatu passport programs—saving you the trouble of choosing!
Worldway, one of the pioneers of Commonwealth passport programs! As one of the first immigration agencies to introduce Commonwealth passport programs to China, Worldway maintains good relationships with many Commonwealth governments, making the passport application process more worry-free!
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