Small country passports are not only fast, but also have many advantages and are extremely cost-effective. Let’s take the passport of the small country of St. Kitts as an example, let’s take a look at the advantages.

Ensure wealth security

As St. Kitts is a “tax haven”, there is no personal income tax, no inheritance tax, no capital gains tax, and no global taxation. With St. Kitts status, you can enjoy the tax exemption policy, and can also plan and allocate assets globally, which preserves assets to a greater extent.

Excellent tax planning

The Caribbean region, where St. Kitts is located, is one of the largest gathering places of wealth in the world. The world-famous tax-haven offshore financial centers such as Cayman, BVI, Bahamas, etc. are all located in the Caribbean region. Not only the international giants Apple, Microsoft, and Facebook choose here Registration, Baidu, Huiyuan, Sina, China Unicom, Lenovo, SOHO China, Greentown China, Evergrande Group, New World Department Store, Mengniu, Shanda, 51job, Giant Network, Qihoo 360 and a large number of well-known Chinese companies, also The place of registration will be selected in these offshore islands.

World travel

The passport of the Federation of Saint Kitts and Nevis is exempt from visas in more than 150 countries and regions around the world, including the United Kingdom, visa exemption for 6 months, and Schengen countries visa exemption for 3 months, such as Switzerland, France, Germany, Italy, Norway, Sweden, Finland , Denmark, Austria, Russia, etc. . . Asian countries are exempt from visa for 1-3 months, such as Hong Kong, Singapore, South Korea, etc. In addition, if you apply for a visa to Canada or the United States, it is easy to get a 10-year multiple-entry visa.

Solve tax issues under CRS

With the launch of CRS, overseas asset account information has become transparent, and it will no longer be possible to hide assets and avoid tax through offshore finance. If you have a citizenship of St. Kitts and become a tax resident of the country, you can open offshore companies and offshore bank accounts under your new status. In addition, the St. Kitts government currently does not have diplomatic relations with China.