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Why did Ms. Zhang Lan change her nationality? ----The is a most profitable way with lowest cost of listing for South Beauty, well, how did Zhang Lan choose her immigration destination? The reporter said that Zhang Lan immigrated to a small country in Caribbean, changed her nationality is a mean of listing operation, her first immigration choice is St. Kitts. On a post at Weibo.com, Ningcainv(Investment CEO of American investment bank Asian Investment Co., Ltd.) said: Yes, it is St. Kitts. That is the most popular investment immigration project for Chinese rich people. It is legal and allows a dual nationality, no requirement for “immigration prison”, paradise of free tax. It takes only six months to get the passport. More and more people are waiting in the waiting list.  

Why a small country become the first priority among immigration destinations of rich people?
  
-A British Federal passport without “immigration prison”
St. Kitts and Nevis is an independent British Federal Kingdom,same as other British Federal country such as Australia, it’s citizen doesn’t need to apply for visa while visiting UK, Canada and all European countries, they can enjoy welfares including study in the UK with student visa.

No “immigration prison” is required for St. Kitts and Nevis, instead of visiting or living St. Kitts and Nevis, you can live everywhere in the world. St. Kitts and Nevis allows its citizen to have dual nationality, it will not notify other country after the applicant become its citizen, therefore you can keep your immigration identity or citizenship of Canada, China, American or any other countries at the same time.


- Investment residence right
As demonstrated in our material, St. Kitts and Nevis has the longest history of investment residence project in the world, it can be days back to as early as 1984. The investor and his or her family can enjoy the economic citizen right by two ways: One is invest on Sugar Diversified Fund (SDF), overseas residence donates a one time donation of USD250, 000 and get the qualification of applying for the passport of St. Kitts and Nevis.

The second one is investing on real estate project, it requires a single applicant to invest at least USD400,000 on any real estate projects approved by the government, it takes a processing period from three months to ten months depending on the processing firm. The country allows dual nationality and the applicant doest not need to visit the country.

Comparing two projects, SDF is faster and it takes only three to six months while the advantage of real estate project is that it is a refundable investment, any citizen who has taken part in the real estate project related to the jurisdiction can sell the property five years later. According to Henley & Partners, a professional company engaging in the international residence and citizenship plan (including taxation plan and offshore financial services), the housing price of St. Kitts and Nevis has been steadily developing with increased value for the past 15 years. It further suggested that as the downturn of the economic situation, investing in the real estate in St. Kitts and Nevis is a safer choice.

-Paradise of tax exemption
The opportunity on avoiding any tax is an important factor while people considering this Second Citizenship Right of St. Kitts and Nevis. Citizen can enjoy free tax, especially free of capital gains tax, income tax and wealth tax. What’s more, St. Kitts is not levying any taxes on the income, interest, gift, wealth, will or other activities happening in other country, citizen establish an international business company or limited liability company in St. Kitts and Nevis, it is a safer and more convenient way to transfer your capital.
  
-Avoid American rigid regulation
More and more rich people will not choose America as their immigration destination. According to the American law, American citizen and green card holder have to pay tax one their global income (including in China). Therefore, American and green card holder are facing very complex tax problems. They are facing a lot of difficulties when they open an account in any banks of any countries other than America, and they always found it difficult to establish an overseas enterprise, because their potential partner is concerned about their businesses will be showed on the “radar screen” of a domestic taxation bureau.

There are even more problems when you are giving up your American citizenship, according to our report, most of the rich people stop their application during half of the process is done only because they found out that their global income will be inspected by American taxation bureau with the purpose of finding any proof of avoiding tax. According to Morris Deng, a lawyer in Hong Kong who is engaging in immigration consulting: “It is difficult to find a Chinese entrepreneur without any illegal tax record” he then added, it takes one to two years for the whole process.
   
Compare speaking; it is easier for Zhang Lan to give up her Chinese nationality. According to stipulated on article ten of “Nationality law of the People’s Republic of China”, any Chinese citizen are allowed to give up their Chinese citizenship if they are:

1. A close relative of foreigner;
2. Resident in overseas;
3. Any reasonable reason.

What’s more as the stipulation of article nine, Chinese citizen resident in a foreign country, volunteer in joining and get a citizen of another country, his or her Chinese nationality is forfeited.

“People Daily” reported that among several biggest tax category in China, there isn’t any refund fax, and for those tax levied on the overseas income owned by the rich people, they should report it themselves, no rigid tax policy apply to them when they are giving up their Chinese nationality. As announced on 18th National Congress of CPC, to formulate a taxation system which is beneficial for the structure optimization and social equal, increase the income of low income people and adjust the over high income and make it possible for people to share the developmental accomplishment. We can borrow experiences from those policies adapted by European countries and America on the forfeited nationality of rich people.
 


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