130 countries agree to provide a new global tax: what awaits payers - Service

 Kharkiv  -  Ukraine
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130 countries agree to provide a new global tax: what awaits payers
  • 130 countries agree to provide a new global tax: what awaits payers
  • 130 countries agree to provide a new global tax: what awaits payers
130 countries, including all G20 members, have decided to introduce a global minimum corporate tax. This decision has been the most radical one in the history of taxation in this century.

According to The Wall Stree...

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130 countries, including all G20 members, have decided to introduce a global minimum corporate tax. This decision has been the most radical one in the history of taxation in this century.

According to The Wall Street Journal, official representatives of the states made this unexpected decision after an online meeting on July 1, 2021. Moreover, it is noted that a new tax was approved even by India and China, although earlier, they disagreed with the idea of ​​a global tax rate.

Now the authorities of these states must implement the appropriate laws that will ensure the payment of taxes by corporations whose headquarters are in these countries. The minimum rate is 15%.

Tax havens

As a result of this decision, many pay attention to the various tax havens around the world. And if Cyprus and Malta — European countries — are most likely to agree to introduce a new global tax, then the Caribbean countries will remain the only tax haven.
Among the Caribbean states that offer various tax advantages, Saint Kitts and Nevis stands out. There are no taxes on world income, dividends, wealth, and inheritance. There is an opportunity to apply for long-term visas to Canada and the United States. And this country has agreements on visa-free travel with 156 states in all corners of the Earth.

All these benefits are available to Saint Kitts and Nevis passport holders. And the citizenship-by-investment program allows you to become a citizen of this country. Operating since 1984, this economic citizenship program offers to issue a Saint Kitts passport in exchange for a non-refundable contribution to the country's economy or real estate investments.
 
How much does a Caribbean passport cost?

In keeping with the terms of the program, a non-returnable investment is a donation to the National Sustainable Development Fund (FNDS). The minimum amount, in this case, is $150,000.

The second, more profitable option is real estate. Investments can only be made in properties that the government has approved — these are a variety of local resorts. They all offer a return on investment over several years and an average return of 2-5% per annum. The minimum investment when choosing this option is $200,000. Learn more about the investment options in St. Kitts on Migronis.com.

The main advantages of Saint Kitts and Nevis in comparison with other Caribbean programs are:
 
  • Accelerated procedure for obtaining citizenship: an investor can pay separately and receive a passport within 45 days.
  • Special offer: until the end of 2021, when choosing the option of donating to a government fund, citizenship for a family of four costs the same as a passport for one person — $150,000.

One of the main requirements of the Saint Kitts and Nevis program is that an investor cannot apply for citizenship independently. The applicant is obliged to make investments through a migration agent licensed in the country.

On the other hand, this is an advantage. Migration agencies as Migronis take care of all the complexities of the procedure. Collecting the necessary papers, obtaining certificates, filling out questionnaires, forming a package of documents, translating it, and apostille — all this is done by experts. The applicant only has to pay for the investment and get the passport.

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