Who has immigrated and has settled assets in different countries. With the CRS agreement, participating countries will annually automatically exchange with one another country individual and entity reportable accounts information, and immigrants will face recovery tax.
Whose financial products including assets, bonds and stocks settled in CRS participated countries, will be pursued of legality, source of fund and tax payment regardless of immigration status.
Will have clients, trustees, committees and beneficiaries disclosed by CRS
Which are purchased with advanced value in CRS participating countries (including Hong Kong) will be disclosed by CRS.
Registered bank accounts and purchased wealth investment products under registered company account in countries with low or zero tax rates such as BVI, Cayman Islands and Bermuda, will be disclosed by CRS.
For example: branch company started by Chinese tax resident will be considered as Chinese tax resident enterprises, with 25% of enterprise income tax shall be paid,and same philosophy for all anticipated countries. Any unpaid tax will be pursued by the original government.
Tax recovery ranging from Personal income tax, corporate income tax, capital gain tax to overdue tax
Taxation Bureau/ Inland Revenue Department of the CRS participating countries requests recovery tax and overdue tax, and will perform integrated review. Serious act of tax evasion will be legally penalized, imprisoned and sentenced crime of evading tax, etc.
Globevisa will provide analysis and suggestions according to different client situations.
Globevisa exclusively provides legal passport immigration programs of 8 countries, and all-round analysis ranging from program fees, travel access, processing time to details of due diligence. The team ensures 100% of successful rate and exclusive guidance on passport usage.
Guidance on assembling suitable financial, stable, and well-performed wealth investment and insurance products in countries with the lowest capital gain tax.
For the moment, only overseas properties are exempted from the CRS investigations. Globevisa Group will provide wide range of potential property options from United States, United Kingdom, Australia, Hong Kong, Malaysia, and Thailand, to legally avoid tax and receive profits.
Globevisa Group is the greatest immigration company with its headquarter in Hong Kong, and 20 branches in total, located in cities including Singapore, Vancouver, Toronto, Melbourne, Malaysia, Spain, Beijing, Shanghai, Guangzhou and Shenzhen. Globevisa Group provides one-stop services including passport stimulation, passport registration, and overseas wealth management.