Whether it is privacy in banking, superior investment options or an exceptional tax haven that you seek, in today’s business world obtaining second nationality through citizenship by investment is the best asset management program.
Following recent economic instability governments have implemented aggressive fiscal and regulatory systems to revive and stabilise their respective economies. In some countries governments have imposed higher tax regimes on their citizens and now provide less advantageous breaks to entrepreneurs and investors. As result such countries, now considered high tax countries, are unable to attract investment from foreign entities nor able to support the business development of their own citizens.
Additionally, careless public spending in recent times has lead governments towards the draconian approach of reclaiming and recovering corporate taxes owed from international corporations who had been safeguarding their investments in such countries. Governments have direct access to all taxpayers’ bank accounts and information regarding one’s wealth. This intrusion of privacy is not only uncomfortable but worrisome since such information is prone to leaks and can fall into the hands of a third parties.
Moving to an alternative country with a more favourable tax regime and heightened banking privacy is the preferred option for any investor that seeks more fair income and corporate tax to improve their investment returns. An alternative residence is one of the most effective tools for facilitating such privacy in investment and banking and the safeguarding of data and information. Improving your tax situation, reducing your tax burden, enhancing your investment growth and structuring inheritance tax are the ultimate key benefits of second citizenship or residence.
If you are already an investor effective planning and tax liabilities advice is especially important and relevant when distinguishing between your country of residence and country of domicile. Second citizenship can provide options that you would not normally have access to.
If financial privacy, access to better investment options and preserving your assets is your goal then acquiring alternative citizenship or residence in a country with more attractive tax regime can help you achieve that. Alternative citizenship will enhance your opportunities to do business in more places around the world with even fewer or no restrictions or, in certain cases, without even having to renounce citizenship of your own birth country.
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