Author page: Best Citizenships

Non FATCA countries

Non FATCA countries

Foreign Account Tax Compliance Act (FATCA)  was enacted in 2010 by Congress and the law was signed by Obama. FATCA was passed to identify assets of persons with US connections and prevent tax evasion. The law identifies U.S. citizens, U.S. corporations and U.S. tax residents. FATCA requires foreign financial institutions (FFIs) and banks to report to the IRS information about financial…

Personal income taxes with citizenship by investment

Personal income taxes with citizenship by investment

Many clients have approached asking us which Citizenship by Investment (CBI) countries have personal income taxes (PIT). This is also a very common question. Today we will shed some light on the personal income taxes with citizenship by investment schemes. In short, we will try to address which CBI countries have zero personal income taxes, when you buy a passport.…

The Dominican Republic Citizenship by Investment

The Dominican Republic Citizenship by Investment

The Dominican Republic does not have a direct citizenship by investment program, but citizenship can be quickly acquired within one year by becoming a resident investor making $200,000 investment in real estate, bank deposit or in businesses. Dominican republic is one of the few countries in the world which can offer fastest citizenship through ordinary naturalization. The Dominican Republic (should…

20 countries with no personal income taxes

20 countries with no personal income taxes

Taxes are necessary evil and cannot be avoided. In general most of the world countries that tax income generally use one of two systems: territorial or residence-based In the territorial system, only local income – income from a source inside the country – is taxed. In the residence-based system, residents of the country are taxed on their worldwide (local and…

Why US is becoming Worlds biggest Tax haven?

Why US is becoming Worlds biggest Tax haven?

US despite renowned for strictest tax systems in the world, on the flip side is quietly becoming a world’s biggest tax haven. The United States is one of the few countries in the world, taxes the worldwide income of its nonresident citizens using the same tax rates as for residents. United States currently does not automatically exchange information with more…

Citizenship by Investment Calculator

Citizenship by Investment Calculator

We have developed a CBI calculator that will compute the most accurate prices for comparing  the prices of Citizenship by investment (CBI/CIP) schemes in ONE place. It will give you easy comparison of prices for families and single persons and you will know which program is cheaper. As technology is improving every day, we made this online calculator, so that…

What happened to Comoros Citizenship by Investment?

What happened to Comoros Citizenship by Investment?

Comoros was the first country to launch a Citizenship by investment program in Africa. It was one of the cheapest citizenship by investment program ever existed in Africa. The Comoros Citizenship by Investment (CCBI) was first established in 2001 in accordance with the Union of Comoros Constitution. Legal Basis The legal basis for the Comoros Citizenship by Investment Program is…

Why Place of Birth matters in Passports?

Why Place of Birth matters in Passports?

The Place of Birth (POB) is probably one of the most important information contained in modern day passports. Without this information, international countries refuse to accept passports or even refuse entry at borders .  Further many countries do not even issue passports to their citizens for international travel with this field blank. Why? because absence of this information is considered…

Who cannot apply for Citizenship by investment?

Who cannot apply for Citizenship by investment?

Citizenship by investment (CBI) schemes have restrictions on certain nationalities, but every country is different set of conditions. In most cases, if you are from a country subjected to US/EU embargo or sanctions, you cannot apply for CBI schemes. If  due diligence checks cannot be made on the applicant in a country, then it is not possible to apply for…