Invest in Antigua citizenship and after obtaining an Antigua and Barbuda passport, you can use the following methods for tax avoidance:
Establish a local company using your Antigua identity——sell products from China to the Antigua company at a low price——the Antigua company sells the products to clients at the standard market price.
Why operate this way?
As everyone knows, Chinese enterprises are required to pay a 17% value-added tax (VAT) on the difference between the sales price and the purchase price. In addition to VAT, 25% of corporate profits must be paid as income tax. If products are sold from China at a low price, a significant portion of these taxes can be reduced.
For example: If the product cost is 5 yuan and the selling price is 10 yuan, selling directly from China would require paying VAT based on 5 * 17%.
However, by using this method: the product cost remains 5 yuan, it is sold from China to the Antigua company for 6 yuan, and then sold from the Antigua company to the client for 10 yuan. In this way, VAT is only paid based on 1 * 17%. Not only is a significant amount of VAT saved, but the profits are also kept within the Antigua company, and the Chinese company is not required to pay high corporate income taxes.
Tax policies in Antigua and Barbuda are quite lenient; there is no income tax and export enterprises are tax-exempt, so businesses operating in Antigua essentially pay no taxes!
Not only can companies avoid taxes, but personal income can also be shielded from taxes!
Holding an Antigua passport makes it very convenient to open personal accounts on the island. Furthermore, there are many banks on the island; well-known major banks such as the Bank of Nova Scotia and the Royal Bank of Canada have branches there, so personal income can be deposited directly into accounts on the island without needing to be transferred back to China. This income does not need to be reported for tax purposes in China, and Antigua does not levy personal income tax on its own citizens!
Purchase a property and receive a passport; after five years, when the property is resold, the total cost is only around 1 million. Without even calculating, the taxes saved will certainly far exceed the cost of obtaining the passport! Not to mention the added benefit of visa-free access to 131 countries, and making it much easier for your company to go public in the future!