#citizenship by investment cayman islands

[riftrustuae]

Secure Your Cayman Islands Residency with RIF Trust: A Gateway to a New Lifestyle

Unlock the benefits of Cayman Islands residency with RIF Trust's expert guidance. Our tailored services simplify the process, ensuring a seamless transition to a more rewarding lifestyle in paradise. Discover the advantages of living in one of the world's most sought-after locations with our trusted support.

[tembusugrandsingaporeb]

Investing in Luxury Homes in Grand Cayman

The Caribbean is the jungle gym of the rich, renowned and the people who are searching for an interest in extravagance homes. Fabulous Cayman is one of the most well known islands where expats put resources into land. Extravagance living in Terrific Cayman implies a more exorbitant cost tag than you could track down on other Caribbean islands or lining nations.

ALSO VISIT:-10 Great Reasons to Invest in Alhaurin El Grande Property

Why Fantastic Cayman Is So Engaging

The perspectives on turquoise water to the side, Stupendous Cayman requests to numerous for the expense and monetary advantages. Expats can uninhibitedly open financial balances, get cash and purchase land. The Cayman government doesn't burden property, and that implies that capital increases, pay, property and legacies are tax-exempt. Interest on home loans can be deducted from annual assessments in many nations including the U.S. The Cayman government likewise has rigid protection regulations that guarantee that monetary data is secure.

Most of extravagance homes in Amazing Cayman are sold for the tax breaks, however most expat financial backers could without much of a stretch buy the home through and through. Contract organizations beyond the Cayman Islands by and large don't give advances for land in the Cayman Islands on the grounds that the organization would have no lawful plan of action assuming the credit were defaulted on. Hence, there are many home loan organizations and banks that loan to expats and have aptitude in managing the exchanges, regardless of which country the purchaser has citizenship in.

Buying Property In Amazing Cayman

When the deal is made, there is a one-time installment of 7.5 percent of the surveyed worth of the home to enroll the title. A stamp obligation of 1 to 1.5 percent is likewise expected on homes that are bought with a home loan credit. Since a considerable lot of the mortgage holders in Fantastic Cayman esteem their protection, large numbers of them buy the home for the sake of a company that they've enrolled in the Cayman Islands to keep their name off of the title.

As may be obvious, there are not many constraints to putting resources into extravagance living in Amazing Cayman. While most of financial backers utilize their homes in the Cayman Islands as a subsequent home or country estate, a few expats really do conclude that they need to apply for long-lasting residency to have unlimited time on the island. There are a few classes that the public authority considers for long-lasting residency including well off retired people, business visionaries and financial backers permitting them residency for quite some time. A new bill was passed to concede an endorsement of residency to bait well off financial backers to carry organizations to the Cayman Islands. The expense of the endorsement is $24,000 (USD) and permits the financial backer, companion and wards to live on the island without requiring a work license. The prerequisites incorporate having a total assets of $6 million (KYD), a speculation of $2.4 million (KYD) in an authorized business that has 50% of it's labor force as local Caymanians and having a perfect crook record in their local country.

The islands bait numerous rich financial backers in view of the tax breaks and protection regulations, however the greatest draw will continuously be the serenity and excellence of the islands- - extravagance living at its best.

At first opened as The Commodore Housing in 1919 and reflagged as The Incomparable Hyatt New York in 1980, the motel has played host to various dignitaries, hotshots and guests for quite a while. The lodgings $130 million upgrade tends to a revival and resurgence of this outstanding motel and is a huge piece of the overall renaissance of the Incomparable Central region.

Arranged in Midtown Manhattan, the astonishing Phenomenal Hyatt New York has as of late completed its $130 million overhaul. Found at the crossing point of Manhattan coterminous Dynamite Central Station, the housing has had a beginning to end rebuild that consolidates 1,306 painstakingly refreshed guestrooms and suites including first rate craftsmanship, the acclaimed New York Central bistro, a changed corridor and mezzanine, various event and meeting spaces, revived gathering lobbies and the imaginative in and out food outlet, Market.

Change of the Breathtaking Hyatt New York features capacities by generally famous experts Jaume Plensa and Per Fronth, and plan by Bentel and Bentel, George Wong Plan and Looney and Accomplices. The Midtown Manhattan extravagant housing dispatched specialists and engineers to re-stimulate and re-energize the hotels public spots. Works by stone carver Jaume Plensa, known for his awesome public exercises in Madison Square Park in New York, Thousand years Park in Chicago and Yorkshire Figure Park in the UK, will go about as the housing doorway's point of convergence; compositions tending to portrayals of New York by Norwegian expert per Fronth are shown in the guestrooms and in the New York Central's Wine Presentation; and dynamic, splendid sheets from the German skilled worker Burghard Muller-Dannhausen ought to be noticeable in the New Display on Lex event space.

[expresscitizenship]

Expresscitizenship.us -Citizenship and Resssidency by Investment

Express Citizenship helps wealthy people obtain second citizenship and residence permits by investment For the last 25 years, We have helped students, business persons, tourists, clients with medical needs to acquire U.S. visas. Besides, we also help with other family based, employment based & investment based Immigration.

Express Citizenship has a leading position in the niche industry of fast citizenship and residency by investment. These programs do not require living in the country to obtain the citizenship or residency and they allow dual citizenship and nationality. No specific qualifications are expected from applicants other having a clean criminal record and making an investment.

WHY GET A SECOND PASSPORT? The advantages of holding a second passport or an alternative residency are significant to mitigate financial risks and secure your future. In this new world of deglobalization a well-accepted second passport with visa free access to relevant countries worldwide is essential.

1.0 SECURITY Safety is essential for everyone but particularly for those who come from politically distressed regions. Access to safe communities is vital.

2.0 GLOBAL REACH Visa free travel without discrimination and freedom of movement is a fundamental right acquired through a strong second passport

3.0 HEALTH CARE Access to robust healthcare systems is particularly crucial in times of emergency. Get access to one of the best health care services

4.0 WEALTH BOAST Protect your wealth from unpredictable Governments and aggressive taxes. Open accounts with reputable banks and have a smart succession planning

5.0 EDUCATION Empowering children through first class education is a key driver to those acquiring a second citizenship or residency

6.0 GOOD GOVERNMENT Belonging to a country with a stable political system where sensible decisions are made by leaders to protect their citizens is key

7.0 QUALITY OF LIFE Feeling welcomed by a community and a stable environment with a high quality of life is priceless

OUR VISAS 1.0 Tourist & Visitor Visa 2.0 Business Visa 3.0 Job/Work Visa 4.0 Student Visa

Get entry to 20 Best Universities 20 Countries​

We also help you study at an accredited U.S. college or university or participate in an exchange program, including high school and university study or for non-academic or vocational study or training in the United States,Europe and other parts of the world. .

Our Website: https://expresscitizenship.us/

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[traduzioni90]

New Post has been published on Residency Bond Program for You

New Post has been published on http://residency-bond.info/fiscal-residence-and-second-citizenship/

FISCAL RESIDENCE AND SECOND CITIZENSHIP

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If it is deemed appropriate, it is necessary to choose well in which Country to take Tax Residence, as much if you are:

– Entrepreneurs and managers – Traders and investors – Private citizens with medium, high and medium income – Digital nomads and crypto-currency earners

We recommend Paraguay and offer Tax Residency (not a fictitious residence but a real tax residence abroad).

Furthermore, after having had Tax Residency in Paraguay, it is possible not to appear in the Country for three consecutive years and at the end of the three years to have Paraguayan Citizenship with the advantage of being able to take advantage of a double passport.

To obtain the Tax Residence and the Bank Account it is necessary to travel only for 5 or 6 days to then be able to return to the country of origin with Residence and Current Account.

After 3 years with another trip you can get the Second Citizenship, without giving up your Main Citizenship.

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To get more information and check your eligibility please fill in the Request Form below.

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[westindiescayman]

Explore the world of real estate in the Cayman Islands

Are you looking for a place like home minus the commotion? There is only one place on Earth that can give you all these — The Cayman Islands. Whether you like the city’s liveliness or the tranquility of island living, there is something for everyone.

The properties on the islands are as diverse as their neighborhoods. Every locality has its charm. There are plenty of houses for sale in the Cayman Islands, but you have to be quick and proactive because countless people are eyeing them. The slightest delay might lead to an opportunity slipping away. It is because the demand for properties far exceeds the supply.

Top Reasons to invest in the Cayman Islands’ Residential Properties.

Standardized laws across the country — The laws in the Cayman Islands are uniform all over. A law in Grand Cayman would be the same in Cayman Brac or Little Cayman.

Zero restrictions on foreign ownership — There are no restrictions on foreign ownership (for personal use). It is possible for two or more people to own a particular property. A corporation could own it too. If you own a piece of land, there is no compulsion to develop it. The government of the Cayman Islands also guarantees the right of ownership.

Organized system — The real estate sector in the Cayman Islands is highly organized. Every property out there is assigned a unique block and parcel number. Prospective buyers can look at all the records and previous transactions, restrictions on the property, etc., to ensure that they make the right decision.

Tax neutrality — If you have purchased a property for investment, no taxes apply. There are no taxes like — income tax, property tax, inheritance tax or capital gains taxes, etc.

Easy access — The Cayman Islands are close to North America. Since there are so many American and Canadian expats living in the Cayman Islands, the government has increased the number of flights and their frequency.

Permanent residency — The standard of living in the Cayman is relatively high. The country relies on tourism, offshore banking, and company incorporation to earn its revenue. Such opportunities attract people from all over the world. Foreigners who purchase real estate worth CI$1 million are eligible for citizenship, but out of that amount, at least CI$500,000 should be used towards developing real estate.

Political and economic stability — The Cayman Islands is a representative parliamentary democracy, and it has experienced zero political upheavals in the past 60 years. The value of the Caymanian dollar enjoys a higher exchange rate than that of the American dollar. This tells us a lot about the economic situation of the country. The island has plenty of excellent hospitals, supermarkets, grocery stores, schools, and everything to lead a comfortable life.

Friendly people — The Caymanians are warm and friendly. Thanks to a helpful, responsive, and proactive police department, the crime rate is also relatively low.

Variety of properties — You would be amazed by the sheer variety of properties that the Cayman Islands offers. There are plenty of houses for sale in the Cayman Islands, from high-end luxury villas, apartments, condominiums, penthouses to affordable housing. Areas like the Seven Mile Beach are on the higher end, while South Sound, Red Bay neighborhoods are best for people who desire affordable housing.

Ease of transfer — Real estate transactions in the Cayman Islands is convenient and straightforward. When both parties arrive at a decision, they sign a contract, which becomes legally binding. Each property is listed on CIREBA, the regulatory body for real estate transactions in the Cayman Islands. It ensures the legitimacy of all dealings.

Guaranteed title — The government of the Cayman Islands maintains details of land; hence insurance is irrelevant. A single land registry has the required information, and it’s open to the public. Potential buyers can access this resource and get all the requisite data related to the liens’ ownership history and records.

Great ROI — Owing to its scenic beauty, work opportunities, offshore banking, and financial services, and tourism, the Cayman Islands’ real estate industry has grown by leaps and bounds. The year 2019 witnessed a 9% increase in market transfers as compared to 2018. The total value of transfers saw a rise of 17.8%.

Privacy — The Cayman Islands is one of the most popular jurisdictions for offshore financial services, company incorporation, asset protection, etc. These banks and financial institutions hold over 1.7 trillion dollars in assets. It makes up approximately 6% of the world’s banking total banking assets. In the last 12 years, the Cayman Islands’ financial services and the banking industry have witnessed a drastic change because of the anti-money laundering legislation.

The laws protect the privacy of the property owners, though. Properties can be held in corporations and trusts, no restrictions for foreign ownership either. Ignorance and the spread of misinformation have led to the myth of the Cayman Islands being a hub for money laundering and tax evasion. The robust legal framework, strict code of ethics, transparency, and equal opportunity for all will enable organizations to build a successful business empire.

Vibrant market — The rapid growth in the Cayman Islands’ financial services and tourism industry has drawn thousands of people from various countries. It has sparked the need for the development of new real estate projects across the Islands.

Conclusion

Regardless of whether you want to purchase property for investment or as a second home in the Cayman Islands, decide based on your budget, requirements, and how long you intend to live on the Islands. Only borrow as much as you can repay. Remember to consult an attorney before signing a deal and only buy properties listed on CIREBA.

The real estate market is experiencing a lull phase right now because of the pandemic. Buyers are hesitant to enter the market, and sellers are playing the waiting game. However, this is not Cayman specific; it’s happening all over the world. All of this is just a temporary phase, and it will pass.

Original Source: https://medium.com/@CaymanGuide/explore-the-world-of-real-estate-in-the-cayman-islands-93d87e2de7ac

[progressiveparty]

Income and Wealth Inequality

Today, we live in the richest country in the history of the world, but that reality means little because much of that wealth is controlled by a tiny handful of individuals. The issue of wealth and income inequality is the great moral issue of our time, it is the great economic issue of our time, and it is the great political issue of our time. America now has more wealth and income inequality than any major developed country on earth, and the gap between the very rich and everyone else is wider than at any time since the 1920s.

The reality is that since the mid-1980s there has been an enormous transfer of wealth from the middle class and the poor to the wealthiest people in this country. That is the Robin Hood principle in reverse. That is unacceptable and that has got to change.

There is something profoundly wrong when the top one-tenth of one percent owns almost as much wealth as the bottom 90 percent. “Just as the commandment ‘Thou shalt not kill’ sets a clear limit in order to safeguard the value of human life, today we also have to say ‘thou shalt not’ to an economy of exclusion and inequality. Such an economy kills. How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points?” – Pope Francis There is something profoundly wrong when 58 percent of all new income since the Wall Street crash has gone to the top one percent.

Despite huge advancements in technology and productivity, millions of Americans are working longer hours for lower wages. The real median income of male workers is $783 less than it was 42 years ago; while the real median income of female workers is over $1,300 less than it was in 2007. That is unacceptable and that has got to change.

There is something profoundly wrong when we have a proliferation of millionaires and billionaires at the same time as millions of Americans work longer hours for lower wages and we have the highest childhood poverty rate of nearly any developed country on earth. There is something profoundly wrong when one family owns more wealth than the bottom 130 million Americans. The reality is that for the past 40 years, Wall Street and the billionaire class has rigged the rules to redistribute wealth and income to the wealthiest and most powerful people of this country. This campaign is sending a message to the billionaire class: “you can’t have it all.” You can’t get huge tax breaks while children in this country go hungry. You can’t continue sending our jobs to China while millions are looking for work. You can’t hide your profits in the Cayman Islands and other tax havens, while there are massive unmet needs on every corner of this nation. Your greed has got to end. You cannot take advantage of all the benefits of America, if you refuse to accept your responsibilities as Americans. Reduce income and wealth inequality by: Demanding that the wealthy and large corporations pay their fair share in taxes. Stop corporations from shifting their profits and jobs overseas to avoid paying U.S. income taxes. Create a progressive estate tax on the top 0.3 percent of Americans who inherit more than $3.5 million. Also enact a tax on Wall Street speculators who caused millions of Americans to lose their jobs, homes, and life savings. Increasing the federal minimum wage from $7.25 to $15 an hour. No one who works 40 hours a week should be living in poverty. Putting at least 13 million Americans to work by investing $1 trillion over five years towards rebuilding our crumbling roads, bridges, railways, airports, public transit systems, ports, dams, wastewater plants, and other infrastructure needs. Reversing trade policies like NAFTA, CAFTA, and PNTR with China that have driven down wages and caused the loss of millions of jobs. If corporate America wants us to buy their products they need to manufacture those products in this country, not in China or other low-wage countries. Creating 1 million jobs for disadvantaged young Americans by investing $5.5 billion in a youth jobs program. Today, the youth unemployment rate is off the charts. We have got to end this tragedy by making sure teenagers and young adults have the jobs they need to move up the economic ladder. Fighting for pay equity by signing the Paycheck Fairness Act into law. It is an outrage that women earn just 78 cents for every dollar a man earns. Making tuition free at public colleges and universities throughout America. Everyone in this country who studies hard should be able to go to college regardless of income. Expanding Social Security by lifting the cap on taxable income above $250,000. At a time when the senior poverty rate is going up, we have got to make sure that every American can retire with dignity and respect. Guaranteeing healthcare as a right of citizenship by enacting a Medicare for all single-payer healthcare system. It’s time for the U.S. to join every major industrialized country on earth and provide universal healthcare to all. Requiring employers to provide at least 12 weeks of paid family and medical leave; two weeks of paid vacation; and 7 days of paid sick days. Real family values are about making sure that parents have the time they need to bond with their babies and take care of their children and relatives when they get ill. Enacting a universal childcare and prekindergarten program. Every psychologist understands that the most formative years for a human being is from the ages 0-3. We have got to make sure every family in America has the opportunity to send their kids to a high quality childcare and pre-K program. Making it easier for workers to join unions by fighting for the Employee Free Choice Act. One of the most significant reasons for the 40-year decline in the middle class is that the rights of workers to collectively bargain for better wages and benefits have been severely undermined. Breaking up huge financial institutions so that they are no longer too big to fail. In 2009, the taxpayers of this country bailed out Wall Street because they were too big to fail. Yet, 3 out of the 4 largest financial institutions are 80 percent bigger today than before we bailed them out. We will introduce legislation to break these banks up. Read the full article

[travelmantis-blog]

Cayman Islands Immigration Information

There are many reasons to visit the Cayman Islands although for most people, it is commonly a holiday filled with sea, sun and adventure. For others, there is the opportunity to wok in the Cayman Islands or even to study there and there are different entry requirements that will have to be fulfilled in the achievement of each of these different purposes.

As a general rule, every person visiting the Cayman Islands will be required to produce a passport for entry. It is necessary to ensure that your passport is current and that it is valid for a minimum of six month more from the date of your exit from the Cayman Islands.

Ideally it will also be necessary to produce your return ticket at the request of the immigration officials and if your stay on the Cayman Islands is for a longer period, you may have to show proof of funds as well.

If you are a citizen or resident on the Cayman Islands, you will need to produce documentation to prove your citizenship or right of residence. Amongst the documents that are acceptable proof of this include a naturalization certificate or a certified copy of your birth certificate.

Applying for a visa to visit the Cayman Islands

If you come from a country that requires a visa in order to visit the Cayman Islands, the best way to apply for a visa is from the British Embassy or Consulate near you. Details for the different countries are found at UK Overseas Missions.

If you are planning to visit the Cayman Islands more frequently, you may want to consider applying for a multiple-entry visa. This allows you to enter the Cayman Islands over a period of either twelve, twenty-four or thirty-six months without having to apply for a visa for every single visit. The discretion to grant a multiple-entry visa rests solely with the relevant officer.

A visa application commonly takes between 7-14 days to be processed therefore ideally, you should apply for your visa to visit the Cayman Islands at least three weeks before your journey in order to ensure that there are no unnecessary delays.

Generally, a visa will entitle a person to stay on the Cayman Islands for up to six months and if any extensions are required, an early application should be submitted to the Chief Immigration Officer.

If you are visiting the Cayman Islands as a tourist, you are advised not to try to convert your visa into a work permit. While the Chief Immigration Officer has the discretion to grant you a work permit, chances are, they will not do so, even if it is for temporary employment on the islands. Note however that if you are coming onto the islands for a specific project, and will work on this project for a period not exceeding 7 days, then no work permit is required.

Visas will be denied to persons whom the Immigration Authorities classify as prohibited immigrants and this includes individuals who are have created health hazards to the community, anyone involved in prostitution in any form, any person who has been deported from the Cayman Islands in the past, anyone who has been convicted of offences in any country and who was penalized with a 12 month jail sentence or more and other reasons.

Applying for a work permit on the Cayman Islands

There are several different categories of work permits on the Cayman Islands.

Temporary work permits which are normally for a period of six months, are issued by the Chief Immigration Officer.

Annual work permits are also available and are issued either by the Chief Immigration Off or the Business Staffing Plan Board or the Work Permit Board. The maximum period that an annual work permit may be renewed is nine years for employees that are designated as key employees, but for employees that are not designated as key employees, the maximum renewal period is seven years.

In order to be designated as a key employee, the worker must fulfill one of the following criteria, and this must be verified by the employer. The employee must :

Have specific expertise in his field of work;

Be directly involved in training Caymanians or developing their skills in a specialized field;

Be a professional whose skills and expertise are in short supply globally and this specific skill must be of benefit to the Cayman Islands;

Show that his presence on the islands contributing to his employer or Caymanians is essential and his departure will cause serious hardship or be detrimental to the islands;

Establish that his business contacts are essential for the continued success of business on the islands;

Show that his specific case is exceptional and therefore it is justifiable to allow him to be designated as a key employee.

One of the main criteria for applying for work permits is the language requirement. All prospective employees must confirm that they have fluent in the English Language. If you are not from an English speaking country, then it will be necessary to sit for an English test either before arriving on the islands, or upon arrival.

If you are planning to work on the Cayman Islands for more than 3 months, it is also necessary to take a medical examination which includes HIV / VDRL tests and to fill in a medical questionnaire as part of the work permit application.

Applying for permanent residence on the Cayman Islands

If you have been living on the Cayman Islands for at least eight years, then it is possible to apply for Caymanian Status and Permanent Residency for yourself, your spouse and your dependents. It will cost CI$300 to make the application and upon approval, there are specific grant fees that will have to be paid. The grant fees are payable based on your income per annum and there is a specified schedule of such payments.

In order to make an application of permanent residency, there is a point system that is used. The criteria that is taken into account that will impact on this point system include :

Family members on the islands;

Financial investments on the islands;

Specific skills and expertise that can be contributed for the benefit of the islands and the Caymanian community;

Actual contribution to the Caymanian community.

The scoring system requires applicants to achieve a minimum of 100 points out of 205 points in order to be eligible for permanent residency.

It is possible to apply for permanent residency for your spouse and once this is attained, your spouse will be able to work on the Cayman Islands and in relation to your children it will also be possible to apply for permanent residency for them as well as long as they are dependents. However once the child attains the age of twenty-four years or completes their full time tertiary education, the permanent residency rights of the child comes to an end.

If your application for permanent residency is refused for any reason, it is possible to appeal this decision with the Caymanian Status and Permanent Residency Board. This appeal must be lodged with the Board within 28 days of receiving the rejection and will cost CI$250.00.

Applying for a student visa on the Cayman Islands

If you or your child are planning to study on the Cayman Islands, it is possible to apply for a student visa on condition that the study will be conducted on a full time basis at a recognized educational institution.

It will be necessary to apply for a study visa where you are not Caymanian, not married to a Caymanian, not a permanent resident and do not have an Employment Rights Certificate. The requirements for the application are that the person applying must be eighteen years or older, in going to enroll in a Cayman Islands educational center on a full time basis, that you intend to leave the islands upon completing your education there, and you are not named as a dependent in any work permit or permanent residency certification.

[arkacayman]

The Benefits of Company Formation in the Cayman Islands

Incorporating an exempted company in the Cayman Islands provides a tax-free business environment and very low corporate maintenance requirements, as well as a high degree of investor protection.

A Cayman Islands Exempted Company is a form of business structure that offers foreign investors a 100% foreign-owned offshore investment vehicle with no tax liabilities.

Cayman Islands company incorporation puts no restrictions on a company’s founders, directors or shareholders; they can be of any nationality and can include individuals and corporations. Very modest annual fees will apply and there are many companies offering corporate services in the Cayman Islands to handle the details.

Forming an Exempted Company in the Cayman Islands can take as little as a day and has numerous other advantages, including:

Minimal international tax exposure: A properly structured Cayman Islands company can legally maximize its worldwide income while at the same time reducing its international taxation exposure to the minimum.

Easy company incorporation: For Cayman Islands company formation, the Registrar of Companies requires only minimal basic information — the company’s approved name, constitutive documents, the types of shares to be issued, authorized capital and a registered office address;

Minimal reporting requirements for companies: There are no annual audits required, or complex and expensive accounting procedures. The only requirement of a Cayman Islands exempted Company is to file an annual return;

Minimum company management requirements: Incorporation of a Cayman Islands company can be achieved with just one shareholder and one director, who can be the same person or company. There is no restriction on the residence or citizenship of individuals or companies setting up the company, meaning it can be 100% foreign-owned;

Tax-free jurisdiction: There is absolutely no direct taxation in the Cayman Islands, and this comes with a government guarantee issued in the form of a tax exemption certificate. Incorporation of a Cayman Islands Exempted Company ensures the company will not be subject to corporate taxes, capital gains taxes, payroll taxes, real estate taxes, or withholding taxes;

Easy management: After registration as a Cayman Islands exempted company the business can be managed from anywhere.

Cayman Islands companies law guarantees a high degree of investor protection, as well as the territory’s well-known tax-free advantages and very low requirements for corporate maintenance. This is possible because while any individual can obtain the address of an exempted company’s registered office from the Registrar, and the office must be clearly marked with the company’s logo or name, there are no legal requirements to publicly release the identities of a company’s shareholders or directors.

Annual filings are mandatory but minimal. The company’s annual returns to the Cayman Islands companies registry are required to declare any changes in the company’s constitution, objectives or name, as well as confirm that the company’s business since the last filing has been conducted for the most part outside the local islands economy, whether with a company or an individual.

Original Sorce: https://medium.com/@arkacayman/the-benefits-of-company-formation-in-the-cayman-islands-a65ca0b086ac

[riftrustuae]

Secure Your Future with RIF Trust: Residency & Citizenship by Investment Experts

Discover how RIF Trust can help you obtain residency or citizenship through strategic investments. With expert guidance on programs like the Portugal Golden Visa, Greece Golden Visa, and Antigua and Barbuda Citizenship, we make global mobility easy and efficient. Secure your future with RIF Trust today.

[coin-news-blog]

tZERO, Tezos Win a Multimillion Real Estate Tokenization Project

New Post has been published on https://coinmakers.tech/tech/tzero-tezos-win-a-multimillion-real-estate-tokenization-project

tZERO, Tezos Win a Multimillion Real Estate Tokenization Project

tZERO, Overstock’s blockchain subsidiary, said it will help tokenize at least USD 25 million of the value of Alliance Investments’ River Plaza, a 180-unit luxury residential development that is located in Manchester, UK.

In a partnership announcement, tZERO said that River Plaza is "the UK’s first real estate-backed security token offering (STO)" and the first project of Alliance Investments’ real estate tokenization plan. The UK-based direct-to-developer real estate investment company aims to tokenize approximately USD 640 million of real estate projects across the UK over the next several years.

The River Plaza STO, slated for Q1 of 2020, will be digitized using tZERO’s tokenization technology and Megalodon’s advisory services and issued on the Tezos (XTZ) Blockchain. At pixel time (16:09 UTC), XTZ trades at c. USD 0.91 and is up by 5% in the past hour and by 4.3% in the past 24 hours, while majority of other coins from the top 20 by market capitalization are in red.

"We strive to stay ahead of the innovation curve and believe that security token offerings are the future. They are more efficient, cost-effective, autonomous and democratic in comparison to traditional financing," Alliance Investments CIO Rani Zahr was quoted as saying.

According to the announcement, while the real estate market is greater than the value of all stocks, shares and stocks combined, it is one of the most difficult asset classes to invest in:

"Only one third (USD 81 trillion) of the global real estate asset are readily investible at scale, with the rest not being accessible to public investors in a meaningful way."

______ How a real estate-based STO works: A real estate-based STO is the process of issuing digital equity securities in a holding company that owns the real estate asset. More generally, security tokens can be structured to represent a variety of ownership and economic interests in an underlying asset, such as equity in a company that owns the asset, an interest in debt secured by the real estate, a stream of income based on cash flows from the asset or an interest in the capital growth of an off-plan project, to name a few. Source: tZERO _____

Meanwhile, as reported, a Cayman Islands-based holding company, La Estancia Holdings Ltd., is also offering real estate investment through STOs, given that real estate STOs are “future-proof investments which provide more liquidity than a traditional real estate investments.” Moreover, the company is advertising a chance to gain citizenship in the Dominican Republic (not to be confused with Dominica) among other benefits to their STOs investors. __

Learn more: This is Where STOs are Ahead of the Rest Crypto Industry Bank of Lithuania Received ‘Dozens’ of Inquires About STOs

Source: cryptonews.com

[cryptswahili]

7 Low Cap Cryptocurrencies (under $200 Million USD) I Have My Eye On

With over 2000 cryptocurrencies available, it’s hard to know which have future profit potential. Unfortunately, it is incredibly tricky to figure out which ones might be worth the investment. The highest profits can be made from “low-cap” or “small-cap” cryptocurrencies that are in the early stages of their development. “Low-cap” is shorthand for “low market capitalization.” Market capitalization refers to the total value of the circulating supply of a coin. Market cap is calculated by multiplying the current price of the coin by the total number in the market. In this article, I consider a market capitalization under $200 million USD to be “low.”

While low-cap coins have substantial potential for growth, they are also riskier than large-cap cryptocurrencies. The reason is low-cap cryptos are unproven and often based on vision and promised potential only. This risk, however, is offset by the potential rewards. It’s not unrealistic to see low-cap coins can increase 10x, 20x, and even 100x.

To help narrow the field this article outlines 7 low-cap projects I think have tremendous growth potential over the next two years.

Basic Attention Token (BAT)

This is an up-and-coming project. The BAT token is a unit of account between advertisers, publishers, and users. Synonymous with BAT is the Brave browser, which seamlessly integrates with the BAT token. The browser can repel malware and protect the privacy of users while they surf the web. BAT addresses issues that many can relate to, such as the cost of data usage and energy use that mobile device users face because of unwanted ads on their devices. It banks on the fact users will welcome a browser that blocks trackers and ads that sell their personal information. I would tend to agree. The BAT team also has significant experience in the tech industry, which is key to success in the cryptocurrency space.

Buy BAT on Binance

Docademic (MTC)

There are a lot of opportunities for blockchain technology in the healthcare sector. Healthcare is expensive and hard to access, especially in isolated regions. Sensitive medical records are stored in conventional databases and are vulnerable to hacks and misuse. Docademic is aiming to address these issues. It is creating an international medical platform where people with smartphones can meet with a doctor through their phone’s camera and receive medical advice. The platform stores its data on a blockchain and requires the MTC token to retrieve data from the blockchain. This token is also notable because John McAfee has touted it on social media.

Buy MTC on Kucoin

SiaCoin (SIA)

Sia takes cloud storage out of the hands of centralized providers and puts it in the hands of individuals. It offers a decentralized peer-to-peer storage service where anyone can rent out their spare hard drive space. Sia’s users consist of both providers (hosts) and clients (users). Through the platform, users commission storage space from hosts and hosts are compensated for their services in Siacoin. Providers can set their prices, advertise their level of reliability, and set standards for penalties should problems arise in storage or files be lost. All services on the network are paid in Siacoin, and all transactions on the Sia platform are secured through filing contracts and storage proofs.

Buy SIA on Binance

SONM (SNM)

SONM is effectively a decentralized Amazon Web Service. Through what it calls “fog computing” (fundamentally decentralized cloud computing) anyone can host websites, develop applications, produce machine learning and perform calculations using SONM architecture. With a partnership with HP already signed and the SONM coin being listed on major exchanges, SONM could eat into Amazon’s market.

Buy SNM on Kucoin

SelfKey (KEY)

SelfKey is a self-sovereign identity service. Through the SelfKey Identity Wallet, individuals and companies can securely manage their digital identities. All data is stored locally on a user’s device and not on a SelfKey server or blockchain. The only time data is accessible is when a user chooses to share it. Currently, SelfKey makes the “Know Your Customer” (KYC) requirements easy for users to satisfy through a simple KYC onboarding process. In the future, the SelfKey marketplace has the potential to offer more services in the future, specifically, processing passport applications, citizenship claims, bank account creation, submission of residency applications, and more.

SelfKey has announced partnerships with banks in the Dutch Antilles and Cayman Islands as well as the alpha release of the SelfKey marketplace. A partnership with Polymath was announced in early 2018.

Buy KEY on Kucoin

DragonChain (DRGN)

Dragon Chain has gained a lot of attention recently. It offers blockchain as-a-service, which allows businesses to implement blockchain technology to secure their databases and execute smart contracts without needing technical expertise. Dragon Chain also serves as a platform for ICOs. Over 200 projects are planned to launch an ICO exclusively through Dragon Chain. Dragon Chain ICOs will accept United States investors and only one KYC (know your customer) process is required.

Buy DragonChain on Kucoin

Oyster Pearl (PRL)

PRL eradicates the clutter and intrusiveness of display advertising while on the internet. At the same time, it ensures content creators are still rewarded for their work. PRL uses IOTA Tangle to store users’ files and uses a website visitor’s GPU and CPU processing power to ensure those files are maintained on the distributed ledger. It also uses the Ethereum blockchain with its PRL ERC20 tokens to pay out content providers who have integrated this technology into their website. Thus, PRL solves a mass consumer problem with two existing technologies, IOTA and Ethereum. This is why I think it has significant future potential.

Buy PRL on Kucoin

Conclusion

This concludes the list of low-cap cryptocurrencies I think are worth watching over the next year and a half. Good luck investing, and make sure to never risk funds you can’t afford to lose.

Subscribe to my Medium and Twitter channels if you want to learn more about blockchain and cryptocurrency projects. If you have any questions about this article, please comment in the section below. Thank you!

7 Low Cap Cryptocurrencies (under $200 Million USD) I Have My Eye On was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.

[Telegram Channel | Original Article ]

[newstfionline]

Making a Crypto Utopia in Puerto Rico

By Nellie Bowles, NY Times, Feb. 2, 2018

SAN JUAN, P.R.--They call what they are building Puertopia. But then someone told them, apparently in all seriousness, that it translates to “eternal boy playground” in Latin. So they are changing the name: They will call it Sol.

Dozens of entrepreneurs, made newly wealthy by blockchain and cryptocurrencies, are heading en masse to Puerto Rico this winter. They are selling their homes and cars in California and establishing residency on the Caribbean island in hopes of avoiding what they see as onerous state and federal taxes on their growing fortunes, some of which now reach into the billions of dollars.

And these men--because they are almost exclusively men--have a plan for what to do with the wealth: They want to build a crypto utopia, a new city where the money is virtual and the contracts are all public, to show the rest of the world what a crypto future could look like. Blockchain, a digital ledger that forms the basis of virtual currencies, has the potential to reinvent society--and the Puertopians want to prove it.

For more than a year, the entrepreneurs had been searching for the best location. After Hurricane Maria decimated Puerto Rico’s infrastructure in September and the price of cryptocurrencies began to soar, they saw an opportunity and felt a sense of urgency.

So this crypto community flocked here to create its paradise. Now the investors are spending their days hunting for property where they could have their own airports and docks. They are taking over hotels and a museum in the capital’s historic section, called Old San Juan. They say they are close to getting the local government to allow them to have the first cryptocurrency bank.

“What’s happened here is a perfect storm,” said Halsey Minor, the founder of the news site CNET, who is moving his new blockchain company--called Videocoin--from the Cayman Islands to Puerto Rico this winter. Referring to Hurricane Maria and the investment interest that has followed, he added, “While it was really bad for the people of Puerto Rico, in the long term it’s a godsend if people look past that.”

Puerto Rico offers an unparalleled tax incentive: no federal personal income taxes, no capital gains tax and favorable business taxes--all without having to renounce your American citizenship. For now, the local government seems receptive toward the crypto utopians; the governor will speak at their blockchain summit conference, called Puerto Crypto, in March.

The territory’s go-to blockchain tax lawyer is Giovanni Mendez, 30. He expected the tax expatriates to disappear after Hurricane Maria, but the population has instead boomed.

“It’s increased monumentally,” said Mr. Mendez, who has about two dozen crypto clients. “And they all came together.”

The movement is alarming an earlier generation of Puerto Rico tax expats like the hedge fund manager Robb Rill, who runs a social group for those taking advantage of the tax incentives.

“They call me up saying they’re going to buy 250,000 acres so they can incorporate their own city, literally start a city in Puerto Rico to have their own crypto world,” said Mr. Rill, who moved to the island in 2013. “I can’t engage in that.”

The newcomers are still debating the exact shape that Puertopia should take. Some think they need to make a city; others think it’s enough to move into Old San Juan. Puertopians said, however, that they hoped to move very fast.

Until the Puertopians find land, they have descended on the Monastery, a 20,000-square-foot hotel they rented as their base and that was largely unscathed by the hurricane.

Matt Clemenson and Stephen Morris were drinking beer on the Monastery’s roof one recent evening. Mr. Clemenson had an easygoing affect and wore two-tone aviators; Mr. Morris, a loquacious British man, was in cargo shorts and lace-up steel-toed combat boots, with a smartphone on a necklace. They wanted to make two things clear: They chose Puerto Rico because of the hurricane, and they come in peace.

“It’s only when everything’s been swept away that you can make a case for rebuilding from the ground up,” Mr. Morris, 53, said.

“We’re benevolent capitalists, building a benevolent economy,” said Mr. Clemenson, 34, a co-founder of Lottery.com, which is using the blockchain in lotteries. “Puerto Rico has been this hidden gem, this enchanted island that’s been consistently overlooked and mistreated. Maybe 500 years later we can make it right.”

Other Puertopians arrived on the roof as a pack, just back from a full-day property-hunting bus tour. From the middle, Brock Pierce, 37, the leader of the Puertopia movement, emerged wearing drop crotch capri pants, a black vest that almost hit his knees and a large black felt hat. He and others had arrived on the island in early December.

“Compassion, respect, financial transparency,” Mr. Pierce said when asked what was guiding them here.

Mr. Pierce, the director of the Bitcoin Foundation, is a major figure in the crypto boom. He co-founded a blockchain-for-business start-up, Block.One, which has sold around $200 million of a custom virtual currency, EOS, in a so-called initial coin offering. The value of all the outstanding EOS tokens is around $6.5 billion.

A former child actor, Mr. Pierce got into digital money early as a professional gamer, mining and trading gold in the video game World of Warcraft, an effort funded partly by Stephen K. Bannon, the former Trump adviser. Mr. Pierce is a controversial figure--he has previously been sued for fraud, among other matters.

Downstairs, in the Monastery penthouse, a dozen or so other expats were hanging out. The water was out that night, so the toilets and faucets were dry. Mr. Minor lounged on an alcove chaise.

“The U.S. doesn’t want us. It’s trying to choke off this economy,” Mr. Minor said, referring to the difficulties that crypto investors have with American banks. “There needs to be a place where people are free to invent.”

Mr. Pierce paced the room with his hands in fists. A few times a day, he played a video for the group on his phone and a portable speaker: Charlie Chaplin’s 1940 “The Great Dictator,” in which Chaplin parodies Hitler rallying his forces. He finds inspiration in lines like “More than machinery, we need humanity.”

“I’m worried people are going to misinterpret our actions,” Mr. Pierce said. “That we’re just coming to Puerto Rico to dodge taxes.”

He said he was aiming to create a charitable token called ONE with $1 billion of his own money. “If you take the MY out of money, you’re left with ONE,” Mr. Pierce said.

“He’s tuned in to a higher calling,” said Kai Nygard, scion of the Canadian clothing company Nygard and a crypto investor. “He’s beyond money.”

The force of Mr. Pierce’s personality and his spiritual presence are important to the group, whose members are otherwise largely agnostic. Mr. Pierce regularly performs rituals. Earlier that day while scoping out property, they had stopped at a historic Ceiba tree, known as the Tree of Life.

“Brock nestled into the bosom of it and was there for 10 minutes,” Mr. Nygard said.

Mr. Pierce walked around the tree and said prayers for Puertopia, holding a rusted wrench he had picked up in the territory. He kissed an old man’s feet. He blessed a crystal in the water, as they all watched. He played the Chaplin speech to everyone and to the tree, Mr. Nygard said.

That wrench is now in the penthouse, heavy and greasy.

Later on, at a dinner in a nearby restaurant, the group ordered platters of octopus arms, fried cheese, ceviche and rum cocktails. They began debating whether to buy Puerto Rico’s Roosevelt Roads Naval Station, which measures 9,000 acres and has two deepwater ports and an adjacent airport. The only hitch: It’s a Superfund cleanup site.

Mr. Pierce had fallen asleep by then, his hat tilted down and arms crossed. He gets two hours of sleep many nights, often on a firm grounding mat to stay in contact with the earth’s electric energy. Josh Boles, a tall, athletic man who is another crypto expat, picked him up, and the group headed back to the Monastery.

They walked past a big pink building in an old town square, the start of their vision for Puertopia’s downtown. Once a children’s museum, they plan on making it a crypto clubhouse and outreach center that will have the mission “to bring together Puerto Ricans with Puertopians.”

Workdays are casual in Puertopia. One morning, Bryan Larkin, 39, and Reeve Collins, 42, were working at another old hotel, the Condado Vanderbilt, where they had their laptops on a pool bar with frozen piña coladas on tap.

“We’re going to make this crypto land,” Mr. Larkin said.

Mr. Larkin has mined about $2 billion in Bitcoin and is the chief technology officer of Blockchain Industries, a publicly traded company based in Puerto Rico.

Mr. Collins, an internet veteran, had raised more than $20 million from an initial coin offering for BlockV, his app store for the blockchain, whose outstanding tokens are worth about $125 million. He had also co-founded Tether, which backs cryptocurrency tied to the value of a dollar and whose outstanding tokens are worth about $2.1 billion, though the company has generated enormous controversy in the virtual currency world.

“So, no. No, I don’t want to pay taxes,” Mr. Collins said. “This is the first time in human history anyone other than kings or governments or gods can create their own money.”

He had moved from Santa Monica, Calif., with just a few bags and was now starting a local cryptocurrency incubator called Vatom Factory.

“When Brock said, ‘We’re moving to Puerto Rico for the taxes and to create this new town,’ I said, ‘I’m in,’” Mr. Collins said. “Sight unseen.”

They soon went back to work, checking out Coinmarketcap.com, a site that shows the price of cryptocurrencies.

“Our market cap’s gone up $100 million in a week,” Mr. Collins said.

“Congrats, man,” Mr. Larkin said.

All across San Juan, many locals are trying to figure out what to do with the crypto arrivals.

Some are open to the new wave as a welcome infusion of investment and ideas.

Others worry about the island’s being used for an experiment and talk about “crypto colonialism.” At a house party in San Juan, Richard Lopez, 32, who runs a pizza restaurant, Estella, in the town of Arecibo, said: “I think it’s great. Lure them in with taxes, and they’ll spend money.”

Andria Satz, 33, who grew up in Old San Juan and works for the Conservation Trust of Puerto Rico, disagreed.

“We’re the tax playground for the rich,” she said. “We’re the test case for anyone who wants to experiment. Outsiders get tax exemptions, and locals can’t get permits.”

[switchstrategyblog]

America – Tax-Free Zone Video Course

America – Tax-Free Zone Video Course

America – Tax-Free Zone Video Course

I’m talking about legally eliminating all taxation on the most common forms of investment income. Or running a business with 4% or less taxes on profits.

Never before have such incredible tax incentives been available to Americans so easily.

Dear Reader,

I did it.

I recently moved down to the Island of Enchantment with my family.

Not that they mind… it’s been sunny almost every day with a cool ocean breeze, and temperatures in the 70s and 80s.

Sure beats the freezing cold and snowy weather.

Our big workout down here is taking a swim in the pool or the ocean versus digging out of huge snow piles.

But it wasn’t just the sunny skies, year-round warm weather, and beautiful ocean beaches that drew us to Puerto Rico; it was the incredible tax breaks that are available here that are not available anywhere else in the world for would-be former US residents.

You see, to spur job growth and economic activity in general, the Commonwealth of Puerto Rico introduced these enormous tax incentives for incoming residents and service businesses.

Specifically, for Puerto Rican residents and businesses that qualify—mostly expatriates from the US mainland or their enterprises—the recently enacted Act 22 and Act 20 provide for a zero tax rate on capital gains and certain interest and dividends earned by individuals.

And, if you a run a business that exports services like I’m doing here, they also provide for low single-digit tax rates on your profits. No double tax taxation, no income tax on profits, just a top 4% withholding on distributions to owners (and no corporate tax on profits sent to your partners outside of Puerto Rico, either).

According to Bloomberg, “The marginal tax rate for affluent New Yorkers can exceed 50 percent on ordinary income.”

By relocating to Puerto Rico, enormous tax savings can be achieved.

For certain investors, that could mean eliminating taxation completely. For the right businesses, it could mean tax rates of just 4% on earnings.

Anyone who relocates to Puerto Rico can apply for the tax shelter of Acts 22 and 20—including mainland US citizens, who cannot find similar benefits anywhere else in the world without significant complication and expense.

Now, I know it sounds too good to be true.

But I’ve done a comprehensive boots-on-the-ground investigation and found that the tax advantages are real, and that for many Americans they are a huge opportunity that could truly be life-changing.

Because, until now, there was no easy, legal way to escape US taxes… besides death or renouncing your US citizenship.

That’s because the US is the only country in the world that effectively taxes its citizens and former residents no matter where they live and make their money.

Sure, there are plenty of low-tax countries in the world. Singapore, the Cayman Islands, and Dubai come to mind—and chances are you’ve heard of them all for that reason.

These little countries have turned into financial and services meccas because any Londoner or Parisian or Canadian could head there and run a business or manage their investments in a much more tax-friendly climate.

America, not so much. While they do allow a small exemption for a minimal amount of income, with lots of rules, generally Americans are taxed no matter where they go. Especially the successful ones.

Many believe it’s these suffocating and unfavorable tax policies plaguing US citizens that are responsible for the record number of Americans saying goodbye permanently to Uncle Sam by renouncing their citizenship and heading to places like Singapore.

In fact, Forbes is reporting that the number of US citizens and permanent residents who gave up their citizenship soared 221% last year alone.

That’s what Facebook cofounder Eduardo Savarin did when he headed for Singapore.

But the penalty for giving up your citizenship is high if you’re wealthy—thanks to the enormous US exit tax.

The US worries about this trend, of course.

Jurisdictions like Puerto Rico want in on it to boost their own economies, like Hong Kong or Macau or Belize have. Because of those dual forces, there is now a much easier way to seek less-taxed shores, one of which is rooted in decades of US law and support and unlikely to change on a whim.

That’s where Puerto Rico shines brightly above all others…

By becoming a bona fide resident of Puerto Rico, you can escape paying high US taxes legally, still retain your American citizenship, and avoid paying the hefty exit tax.

You see, since Puerto Rico is an unincorporated territory (commonwealth) of the US, it’s allowed to have a special tax arrangement.

Namely, legal residents of Puerto Rico who earn their income in Puerto Rico do not pay US federal income taxes.

All Puerto Ricans are already US citizens, and since it is a commonwealth of the US, Americans are generally free to stay on the island without restriction and do not even need a passport to travel there. It’s like visiting another state for most purposes, though one that predominately speaks Spanish.

But speaking Spanish is not a necessity to move there… you don’t need to learn Spanish to get around Puerto Rico. Many expats and relocated mainland Americans only speak English and get along just fine.

While mainland Americans who become Puerto Rican residents do not have to pay US federal income taxes on income earned on the island, they still have to pay local Puerto Rican taxes.

Traditionally, those taxes have been very close to those back home, so the island’s unique tax status didn’t net much benefit.

For decades, the US Virgin Islands have offered tax incentives to attract investors to the islands—with programs supported by the US government since the 1950s. However, these programs were complex and imposed huge regulatory burdens. And those islands are much smaller and with much less of the modern infrastructure Puerto Rico offers.

Over the last few decades, Puerto Rico caught on to the enormous benefits such tax incentives brought to its neighbors in the Caribbean and Central America, and provided incentives to draw big manufacturers like Pfizer, Bard, and Praxair to the island—all have facilities within a stone’s throw of my chosen home—even Microsoft has a presence here.

But, they were losing out on less environmentally impactful and better-paying jobs in finance, call centers, and dozens of other service businesses that headed elsewhere.

To catch up, Puerto Rico recently slashed its taxes on capital gains, dividends, and interest to ZERO for new residents who apply.

This means that mainland Americans who move to Puerto Rico can eliminate taxation on investments they make on the island or in the markets. This is a huge benefit to stock traders, venture capitalists, M&A practitioners, or anyone who gets bitten by capital gains tax at the end of the year. This is what “Act 22” accomplishes.

On top of that, they’ve launched a set of incentives to draw service businesses down to the island. Everything from asset managers to marketers and public relations professionals. Computer programmers. Graphic designers. Or writers and researchers, like me.

Under this law—Act 20—any service business that can be operated in Puerto Rico for clients outside of Puerto Rico can apply for special tax treatment, including a host of benefits of which the most important is a tax rate of 4% or lower.

This is so small it’s almost a rounding error in comparison to the combined US federal, state, and sometimes city income taxes that you would pay on the mainland US.

For example, an investment manager based in Puerto Rico who performs services for US-based clients would be eligible for the lower income tax rate.

The tax benefits are so enormous that I brought my own family here to take advantage of them.

I would not have made the move and uprooted my family if I didn t think the tax advantages were real and here to stay.

With the extra income I make by residing in Puerto Rico, I’ll be able to provide my family with a better quality of life and still keep our US citizenship. In Puerto Rico you’ll enjoy a low cost of living compared to most island locations (I even still get free Prime shipping from Amazon), excellent health care, modern telecommunication services like high-speed Internet that’s faster than I could ever get in my home in Vermont… not to mention tropical weather, beautiful beaches, majestic mountains, good food, and a thriving arts scene.

On top of that, the business tax savings here and the great pool of educated labor allow me to reinvest more of my income into growing my business. And when I do turn a profit, I keep what I’ve risked so much and worked so hard to earn.

All on a tropical island in the Caribbean that’s 100 miles long and 35 miles wide… about three times the size of Rhode Island.

Now like everywhere else, of course, Puerto Rico has its negatives. Make a decision like mine and inevitably you will hear something about the crime. But to extrapolate the bad statistics to the entire area is a mistake. It would be like not moving to Michigan’s beautiful lakefront because of crime in Detroit.

Like any state with a dense metropolitan area, there’s crime in some areas. If you steer clear of those areas or take the same precautions you would in any big city around the world, you’ll be fine.

So if you’re an individual who makes most of your money from capital gains, a service provider who can provide services from Puerto Rico to your non-Puerto Rican clients, or a business owner with operations outside of Puerto Rico… then you could benefit substantially from very significant income tax savings with a move to the Island of Enchantment.

That’s why I was eager to make the move to Puerto Rico myself. And after traveling the island, meeting with real estate agents, lawyers, government reps, accountants, et al., I’m more convinced than ever that the tax benefits are enormous for those that qualify.

But there are some hurdles you need to be aware of. This is not a decision to be made on a whim; it requires a little bit of preparation and planning.

The good part is that my excellent colleagues at Casey Research and International Man who have been helping individuals make the most of their financial freedom for four decades now and I have done almost all the hard work for you.

We’ve put together the definitive, authoritative, comprehensive guidebook to the tax advantages of residing in Puerto Rico.

This guidebook, How to Legally Remove Yourself from the U.S. Tax Code, without Leaving America, thoroughly covers the unique opportunity for Americans that Puerto Rico’s Acts 20 and 22 offer.

We’ve put in hundreds of hours of research, with our sandals on the beach, to make this report a reality. It has been circulated for comments by attorneys and accountants in the US and in Puerto Rico to ensure the advice is as accurate and straightforward as possible.

In fact, one of Puerto Rico’s most prominent law offices, Pietrantoni Méndez & Alvarez (PMA) LLC, has lent its seal of approval to the report after thoroughly reviewing it. You know how much work it takes to get a lawyer to commit to anything.

If you’re considering the possibility of relocating to take advantage of these tax savings, our Puerto Rico guide is a must have.

I can tell you from experience, it will save you thousands in legal expenses by helping you understand how you and/or your business can qualify for these life-changing benefits.

Start here before you sit down with your own accountant or attorney. Or find out how, if you’re only taking advantage of Act 22, you can easily apply yourself.

The guide is packed with actionable information, including a multitude of professional resources (lawyers, accountants, real estate firms, etc.) that we have personally vetted.

We believe this guidebook is so important, especially right now, that we’ve arranged a way for you to get a free copy for a limited time by clicking here.

Inside, you’ll receive exclusive guidance available nowhere else, including…

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America – Tax-Free Zone Video Course

America – Tax-Free Zone Video Course

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Caribbean resort project draws heat over threat to vulnerable species

The $2.6bn project in St Lucia has promised sorely needed jobs, but critics say it threatens the natural environment and local culture

Conservationists have warned that a planned $2.6bn resort development in St Lucia which aims to attract Chinese investors could threaten vulnerable species and change the character of the island.

The project, known as Pearl of the Caribbean, will feature a resort, marina, casino, racecourse, shopping mall, apartments, villas and a free trade zone over about 800 acres at the southern tip of the island near the town of Vieux Fort and the international airport.

The St Lucia government and the developer, Desert Star Holdings Caribbean Star (DSH), have touted potential economic benefits from the ambitious scheme, arguing that it will bring sorely needed jobs.

But the islands national trust is among those expressing fears that a proposed causeway linking the mainland with the Maria Islands nature reserve may have a devastating effect on the shoreline and endemic rare species, the St Lucia whiptail lizard and worm snake.

We have some deep concerns about the protection of the natural environment because we are aware of the fragility of some of our endemic species, said Julius James of the Vieux Fort Concerned Citizens Coalition for Change.

He said that the group is not against foreign investment or the project in itself, but feels that the terms of the deal are over-generous to the developers. James said that the scheme has been approved without adequate public consultation even though it has enormous economic, social, environmental and developmental as well as political implications and could affect the livelihoods of those in traditional industries such as fishing and farming.

The project calls for some land to be leased to the developer for $1 an acre, with the purchase price set at between $60,000-90,000 per acre. In January the government issued a fact sheet in which it said it will ensure that the developer who has an excellent track record when it comes to the environment, takes the necessary steps to preserve the environment.

At the northern end of St Lucia a separate plan to build a dolphinarium tourist attraction on Pigeon Island national park is also provoking strong local opposition.

What makes St Lucia unique is what attracts tourists here, said Tracey Devaux, daughter of the late St Lucia conservationist Robert Devaux.

Theres lots of places with beaches, lots of places with sun and warm weather. Its the natural heritage of the island, the mountains, the history, the culture. If we dont protect that and its gone and we just have ugly big hotels everywhere, people dont have any reason to choose us over anywhere else. And when the environment gets destroyed the developers will move on to somewhere else after theyve destroyed what we have.

Artists impression of the proposed resort called Pearl of the Caribbean on St Lucia. Photograph: Handout

To build the Pearl, the St Lucia government has partnered with DSH, a Cayman Islands-registered affiliate of a Hong Kong-based thoroughbred horse company run by Teo Ah Khing. He is a Malaysian-born architect and entrepreneur who founded the China Horse Club, an exclusive group of wealthy businesspeople which owns international racehorses and is aiming to expand the sport in China.

On a visit to the island last November while on a Caribbean tour, Prince Harry took part in a sod-turning ceremony for the racecourse with Ah Khing and Allen Chastanet, the prime minister.

In a press release after the deal was signed last year, the China Horse Club said the project will be able to house more than 1,000 racehorses and have the capacity to hold feature racing carnivals, establishing St Lucia as a racing and entertainment centre in the Caribbean and leveraging off the international appeal of the sport to promote St Lucia to a diverse audience base.

About 180,000 people live on the 240 sq mile island, and at an estimated $2.6bn, the development would have a major impact: according to the World Bank, the GDP of the island, which is heavily reliant on tourism, was $1.4bn in 2015.

Last year the country followed several of its Caribbean neighbours in launching a citizenship by investment programme, which grants investors a St Lucia passport within a couple of months if they put money into projects such as the Pearl of the Caribbean.

In January, after discussions with DSH, the government made the programme more attractive to potential investors, including reducing the single-applicant cost by half to $100,000.

Increased Chinese influence could have political ramifications. The island is currently one of the few remaining countries with diplomatic ties to Taiwan instead of its rival, Beijing, following a 2007 decision to switch relations. Support those who give you the most, the then St Lucian foreign minister, Rufus Bousquet, reportedly said that year.

According to the China Post, a Taiwanese newspaper, six of Taiwans 21 allies are in the Caribbean.

Read more: http://bit.ly/2nIWTy7

from Caribbean resort project draws heat over threat to vulnerable species

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Offshore Company Formation

Banking is one of the most important sectors of the world economy as it influences investment, consumption and other business activities. Furthermore, banking has a substantial impact on the circulation of money and thus influences economic growth. Offshore banking provides a unique opportunity to individuals, business people and companies to access the international market and implement their business and investment plans since offshore banking encompasses stronger privacy and security features. That is to say, the activities you launch through your offshore private banking are more confidential and secure. It should be underlined that you will be able to offer the same privacy to your customers together with other related benefits.

The procedures you need to follow in order to open an offshore bank account are not complex. In other words, every individual may open an offshore bank account within few hours. Note that each offshore banking jurisdiction has its own requirements. Among the most popular offshore banking centers are the Cayman Islands, Seychelles, Saint Vincent and Grenadines, Bahamas, Gibraltar and Netherlands Antilles.

BASIC REQUIREMENTS:

As it has been mentioned before, opening an offshore bank account is rather simple. The procedures you need to follow in order to open an offshore bank account are similar to the procedures you follow in order to open a bank account in your home country. First of all, offshore banks will ask for your personal details: name, date of birth, address, citizenship, occupation and submit a copy of your passport, identity card or any other identification document issued by a governmental authority. Second of all, you will have to verify you residence address by presenting a utility bill or any other document. It should be mentioned that all the submitted documents must be certified.

Some considerable benefits of offshore banking are:

·         Minimized political risk. In many cases, the biggest threat is not the market risk but the governments, i.e. capital controls measures and bail-ins.

·         Asset protection.

·         Currency diversification. Holding foreign currencies leads to the minimization of the risks you confront.

·         More options for your business and investment plans.

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