Even the poor don t look down on the passports of small countries, why do the rich rush to get them?

Mondo Social Updated on 2024-03-07

Recently, someone left a message in the comment area, saying that those who apply for passports from small countries are all trying to run away.

If you think so, you couldn't be more wrong.

Anyone who can apply for a passport from a small country needs to provide a certificate of no criminal record.

In addition, the passport of a small country in the Lebi Sea needs to do a very strict background check, and what you should know and what you shouldn't know can be investigated clearly.

Why are rich people rushing to get passports from small countries that even ordinary people can't look down on?

Because, only the rich know how to spend their money wisely.

First of all, what they have to do is to separate money from people.

The first thing a passport customer can do when they get a passport is to register an offshore company. The advantage of this is that it can do asset segregation and tax optimization.

Passports of small countries such as Antigua in the Caribbean, this country has no personal income tax, which means that the money you earn is yours, and no personal income tax will be levied on you.

At the same time, there is no capital gains tax yet. If you have an Antigua passport, you are not taxed on money earned from overseas investments, home purchases, or other forms of capital gains.

In addition, there is no inheritance tax and inheritance tax. As a non-global taxing country, holding a passport from this country is very attractive to some people who are eager to do tax planning.

Second, plan your children's education.

For example, attending an international school in China. To study in an international school in China, you must require your child to have overseas status, and a small country passport will solve the problem perfectly.

In addition, in the future, children can also study in Qingbei famous schools without examination as international students.

Third, travel freely.

Passports of these countries are usually visa-free for many countries and regions.

Take the Dominica passport, for example, it can exempt 144 countries and territories from visa procedures;

Similarly, the Saint Lucia passport provides the holder with free passage in 140 countries and territories;

The Antigua passport is visa-free to more than 150 countries and regions.

For those high-net-worth individuals, especially those who often need to do business across borders, having such a passport is undoubtedly a rare convenience.

Finally, the cost of applying for passports from these small countries is relatively low, and the cost performance is still very high.

For example, applying for a passport from Antigua, Dominica and other countries only costs $100,000, and it can be done in 3-6 months.

Currently, there are 5 countries in the Caribbean that have launched legal passport programs, namely St. Kitts, St. Lucia, Grenada, Antigua, and Dominica.

In terms of **, St. Kitts, the originator of the passport program, donated the project from 12 last yearFrom $50,000 to $250,000.

Grenada passport, the minimum donation is from 150,000 US dollars; Like Antigua, Dominica, and Saint Lucia, the ** passports are almost the same, basically starting from 100,000 US dollars.

In terms of the number of visa-free countries, the St. Kitts passport program tops these passport programs with 165 visa-free countries, and last year Canada resumed St. Kitts e-visas.

At present, in the entire Caribbean, only Saint Kitts and Saint West Asia has obtained Canada's e-visa eligibility.

Next, Saint West, Grenada, Antigua, and Dominica, most of them are countries that can be exempted from visas in the European Union and some Commonwealth countries.

As for the dependent applicants who can be carried, except for St. Kitts, which can only bring spouses, children, and parents, several other countries can also bring siblings.

Finally, neither St. Kitts nor St. Lucia has diplomatic relations with China, and privacy is relatively high.

Grenada and Dominica are visa-free to China, and if you want to give up your citizenship, these two passports may be convenient for entering and leaving China. That's all for today's sharing, follow me to learn more about immigration methods.

Related Pages