Immigration to Cyprus, CRS's Best Response

I believe everyone is familiar with the word CRS. Even if you don't know its meaning, you must have heard of it. This word has also been one of the hot words on the Internet in recent years, and it is always closely related to immigrants to Cyprus. Feeling. In fact, CRS is to avoid tax avoidance, that is, as long as your income meets the tax conditions, even if the property is earned in another country, it will be reported to your country of nationality, thus taxing the property. So what does CRS have to do with immigration to Cyprus?

Relations 1. CRS and Immigration to Cyprus

In fact, the reason why CRS and immigrant Cyprus are so closely related is that Cyprus is not included in CRS, that is to say, the legal income obtained in Cyprus only needs to pay taxes and fees in Cyprus according to relevant laws, and there is no need to pay taxes and fees again in the country of nationality, that is, there is no need for double taxation. Cyprus has signed agreements with a number of countries, including China, to avoid double taxation.

Why 2. CRS is upsetting so many tycoons

Not long ago, the OECD disclosed the progress of CRS. The data in this report show that the progress of this process is far faster than expected. At present, thousands of information have been automatically exchanged through bilateral relations, and more natural persons have disclosed The status of offshore assets has been recovered at the same time a large amount of taxes, totaling nearly 100 billion euros. This is also the reason why many people with overseas assets are nervous.

Therefore, the report has been made, and many high net worth people in China are worried about this, worried that their overseas assets will be "streaked" at any time ". CRS is menacing, can be said to be irreversible and the process has been fully accelerated, overseas asset account information has become more and more transparent, through offshore finance to hide assets, tax avoidance will become extremely difficult. The tax resident status planning of overseas investors is imminent. Therefore, it is particularly important to open an account with a foreign identity or implement overseas investment!

3. in the CRS context, there is no substitute for the Cyprus advantage

In CRS, it is clear that real estate is not the object of taxation, so this also explains the rising trend of real estate prices in most parts of the world. Especially in the European countries that have introduced the immigration policy of buying a house, buying a house can not only allocate assets reasonably, but also obtain overseas status, which can be said to kill two birds with one stone. However, these European countries, such as Spain, Portugal, Greece, etc., can only obtain residence cards at the beginning. For naturalization, they generally wait at least 6 years or so, and they also need to meet many requirements such as immigration supervision and language.

In the Cyprus immigration program, in addition to obtaining a residence card 300000, you can also obtain nationality status directly through the passport program, which is a perfect policy of avoiding double taxation. Therefore, the black horse of European immigrants, Cyprus immigrants, by virtue of their own advantages, stand out in investment projects and become the only choice for the rich to preserve and increase the value of their wealth and reasonably avoid taxes.

First of all, Cyprus is a world-class tax haven. In terms of tax system, not only is it not a global tax country, but there is no property tax, inheritance tax and gift tax, and the corporate income tax is one of the lowest in Europe (12.5%). Secondly, Cyprus is a famous offshore financial center in the world. A Cyprus passport can bring more choices and better asset allocation to wealth allocation.

The Cyprus passport program only needs the applicant to purchase a property of not less than 2 million euros in Cyprus (the property can be rented out, the property can be sold after three years, and only the property worth 500000 euros is reserved for self-occupation). As a major tourist country, Cyprus can not only obtain high profits by renting out real estate, but also the value-added of the real estate itself. More importantly, I have a passport in hand, which can be said to be three birds with one stone!