Crypto currencies are becoming increasingly important.
Some investors may still be confused as to how exactly crypto-asset taxation and optimal legal solutions work, as they vary from country to country with the different governments’ regulations.
Here the benefits of second citizenship or residency through investment:
Crypto-Friendly Taxation
Antigua & Barbuda, Dominica, Grenada, Saint Lucia, and St. Kitts & Nevis in the Caribbean, as well as, Vanuatu in the South Pacific have highly respected citizenship by investment programs and are deemed as nations with investor-friendly tax systems where there is zero tax on capital gains, which include crypto gains.
Legitimizing your Crypto assets
Not all countries are on board with cryptocurrency and this could hinder your business if you are residing in such a country. Gaining citizenship or residency from a country that is a bit more progressive and recognizes crypto-assets will allow you to continue working with cryptocurrency as they will legally recognize your cryptocurrency as assets with value, allowing them to be sold, traded or gifted at your will.
ICO Investment Opportunities
Initial Coin Offerings (ICOs) are cryptocurrencies versions of IPOs, this offers early investors impressive potential advantages and rewards, however, if your country has banned them, this won’t be the case.
Visa-Free Travel
Second citizenship could mean a new passport with visa-free travel benefits to 150 countries or more including the UK, Schengen, Singapore, Hong Kong, and the list goes on. Does your current passport allow you this amount of travel freedom? When it comes to uncertain times, this can be a secure benefit, allowing you to flee your country if ever you need to.
Plan-B
Having an alternative country to fall back on that is progressive with their crypto regulations will truly take so much weight off of your shoulders. Do you imagine the peace of mind and reassurance of security and validity of your crypto-assets with a Plan-B!
Diversification of Assets
A crypto investor may diversify a portfolio by investing in RCBI-qualifying real estate. This will allow you to own a property and qualify for citizenship or residency of that country, not to mention create more opportunities whilst maintaining stability and security.
These advantages can guide you to the right country with an accredited citizenship or residency program in order for you to maintain security, stability, freedom, mobility, asset protection and a more relaxed lifestyle.
