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CRS
As CRS Approaches, Commonwealth Passports Become the Most Sought-After Citizenship Programs
With the implementation of the CRS global tax reporting standards, it has become urgent for high-net-worth individuals to conduct rational tax planning for their global asset allocation. Currently, the most reliable tax avoidance strategy is to quickly obtain a third-country passport from a tax haven, such as a Dominica or Saint Lucia passport. Using this passport identity to open corporate and personal accounts allows you to preserve and increase the value of your family assets.
The Wave of CRS is Coming: A Commonwealth Passport Safeguards Your Wealth of Millions
Having a versatile Commonwealth passport, such as those from Antigua and Barbuda, Dominica, Saint Kitts and Nevis, grants you a second nationality in the Commonwealth. This allows you to transfer overseas assets under the citizenship of these countries without reporting to the tax authorities, effectively addressing CRS from the source while providing better protection against the leakage of overseas asset and wealth information.