Plan B Passports Offers Bitcoin Tax Relief Through New Residence And Citizenship
Plan B Passports offers Bitcoiners the ability to legally avoid taxes on their BTC profits.If you would like to avoid onerous capital gains taxes after spending or selling BTC following boom cycles, then there is a service just for you.Bitcoin maximalist and entrepreneur Katie Ananina helps bitcoiners who have made significant gains on their BTC holdings to legally avoid such taxes by obtaining a second passport through her company Plan B Passports. It offers clients seven different passport options for nations with favorable tax regulations, including credentials for Portugal, Saint Kitts....
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Photo by J. Stephen Conn. A number of countries offer investment-based citizenship, which offers nonresidents the chance to acquire citizenship in return for injecting money into the local economy. Now, under a new economic program sponsored by the local government, people can use Bitcoin to apply and pay for citizenship in a popular Caribean nation popular among tourists. Passports for Bitcoin. St. Kitts and Nevis was one the first nations to create a citizenship by investment programs, launching it in 1984. Now, the small island country is at the forefront of the next innovative....
Rich crypto investors are purchasing passports in tax havens for less than $200,000. A Russian expatriate and former professional sailboat racer, Katie Ananina, Plan B Passport — a firm that brokers citizenship through investment schemes for tax-haven nations that don’t impose capital gains on crypto holdings to wealthy investors.According to a July 11 report from CNBC, Plan B brokers hundreds of passports for predominantly western clients each year. Customers select from one of seven jurisdictions: Saint Kitts and Nevis, Antigua and Barbuda, Dominica, Vanuatu, Grenada, Saint Lucia, and....
A project to accept Bitcoins in exchange for citizenship to the tropical island nation St. Kitts & Nevis has been derailed by the local government, which is refusing to recognize the cryptocurrency as a valid form of investment and threatening to revoke the licenses of any agents who do. “The Citizenship by Investment Unit would like to assure the general public that we do not recognize Bitcoins as legal investment currency for financial transactions within our Citizenship by Investment Programme,” officials said in a statement titled ‘Warning!’ on the program’s website. “We further....
Some things in life money can't buy, but for everything else there's Bitcoin. Not too long ago you could only spend your bitcoins at a few marketplaces, now you can buy houses, cars, even your citizenship to St. Kitts and a passport to go along with it. PassportsForBitcoin.com now lets you buy your citizenship to St. Kitts completely with Bitcoin and you don't even have to live there. International Investments & Consulting Limited, the company behind the site note the many benefits of having St. Kitts citizenship: Visa-free travel to 140 countries including Canada, the European Union, and....
Combining cryptocurrency and immigration policy, a new investment option will enable Bitcoin holders to purchase European Union citizenship. Powered by the Unbound Fund, this initiative uses Bitcoin as a key to open up Portuguese citizenship via the country’s golden visa program. It also identified a pioneering approach towards a massive step forward in accepting digital […]