[2014-05-18] Give $250,000 in Bitcoin, Get Second Citizenship

bryant.coleman

legendary

Activity: 3654

Merit: 1217

Quote from: turvarya on May 19, 2014, 02:54:16 AM

In Austria it depends on how much time you spend in Austria. If you are more than half of the year in Austria, you have to pay income tax. I don't know about other countries

I think that everywhere except the US, it is like this way only. Anyway, if you are a millionaire, then you won't face any difficulty in shifting your place of residence every few months. Or better, you can reside in St Kitts and look after your business in Austria.

turvarya

hero member

Activity: 714

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Quote from: Redrocket2 on May 18, 2014, 09:58:57 PM

if person is USA citizen all his income is taxable worldwide from what I heard. Unless place have got double taxation treaty with USA

Quote from: bryant.coleman on May 18, 2014, 09:54:12 PM

Actually a great option for the billionaires (and millionaires). Spend some $400,000 for the entire family, and you don't have to pay any income tax, wealth tax, or inheritance tax anymore. And no capital gains tax as well.

In Austria it depends on how much time you spend in Austria. If you are more than half of the year in Austria, you have to pay income tax. I don't know about other countries

bryant.coleman

legendary

Activity: 3654

Merit: 1217

Quote from: Redrocket2 on May 18, 2014, 09:58:57 PM

if person is USA citizen all his income is taxable worldwide from what I heard. Unless place have got double taxation treaty with USA

Quote from: Bitcopia on May 18, 2014, 11:04:08 PM

Yep. I'm fairly certain you can't legally evade U.S. taxes unless you renounce your U.S. citizenship. Dual citizenship doesn't mean you get to choose which country you want to pay taxes to.

Yes... if you are an American citizen, then you might need to renounce the citizenship. So think hard about it. On the other hand, if you are a citizen of the European Union, you can evade taxes by getting a second citizenship.

Bitcopia

hero member

Activity: 715

Merit: 500

Quote from: Redrocket2 on May 18, 2014, 09:58:57 PM

if person is USA citizen all his income is taxable worldwide from what I heard. Unless place have got double taxation treaty with USA

Quote from: bryant.coleman on May 18, 2014, 09:54:12 PM

Actually a great option for the billionaires (and millionaires). Spend some $400,000 for the entire family, and you don't have to pay any income tax, wealth tax, or inheritance tax anymore. And no capital gains tax as well.

Yep. I'm fairly certain you can't legally evade U.S. taxes unless you renounce your U.S. citizenship. Dual citizenship doesn't mean you get to choose which country you want to pay taxes to.

Redrocket2

newbie

Activity: 10

Merit: 0

if person is USA citizen all his income is taxable worldwide from what I heard. Unless place have got double taxation treaty with USA

Quote from: bryant.coleman on May 18, 2014, 09:54:12 PM

Actually a great option for the billionaires (and millionaires). Spend some $400,000 for the entire family, and you don't have to pay any income tax, wealth tax, or inheritance tax anymore. And no capital gains tax as well.

bryant.coleman

legendary

Activity: 3654

Merit: 1217

Actually a great option for the billionaires (and millionaires). Spend some $400,000 for the entire family, and you don't have to pay any income tax, wealth tax, or inheritance tax anymore. And no capital gains tax as well.

roslinpl

legendary

Activity: 2212

Merit: 1199

Quote from: Chef Ramsay on May 18, 2014, 06:40:01 PM

This is great, thx for posting it. I can definitely see myself accumulating enough money over the next 5-10 yrs, including what I got yet excluding any major uptick in the BTC price, to make a real estate purchase down there. I was originally thinking Belize or Puerto Rico but this seems more exclusive and more low key.

Haha! So you cannot be a real Chef Ramsay Tongue

because he would have enough money to but a Citizenship and an Island

Anyway - this is just another method on how to spend $250k

I would stay rather with other plans - but this is interesting. Isn't?

Chef Ramsay

legendary

Activity: 1568

Merit: 1001

This is great, thx for posting it. I can definitely see myself accumulating enough money over the next 5-10 yrs, including what I got yet excluding any major uptick in the BTC price, to make a real estate purchase down there. I was originally thinking Belize or Puerto Rico but this seems more exclusive and more low key.

roslinpl

legendary

Activity: 2212

Merit: 1199

Do you want to escape from the FUD?

You can always help yourself with a Second Citizenship Cheesy

A link to an article

We can buy it here:

and what we can read on a main page is:

Quote

Today’s news headlines are filled with stories from around the globe about upheaval, increased taxes, and governments exerting more and more control over citizens’ freedoms and privacy. The world is rapidly changing and destabilizing, creating more and more risk for people everywhere.

Having a second citizenship and passport in a stable country is now a must in order to hedge against governmental intrusion and excessive taxation. This site explores the value and benefits of acquiring economic citizenship in the Caribbean island nation of St. Kitts and Nevis. This well-respected program is the fastest and easiest pathway to citizenship by investment of any in the world.

And now, one St. Kitts company that is authorized by the government to submit citizenship applications is accepting Bitcoins for the required property investment and all fees associated with acquiring St. Kitts citizenship.

Hehe... Isn't that great? Cheesy

I am curious how many citizens this island will have...

Topic: [2014-05-18] Give $250,000 in Bitcoin, Get Second Citizenship (Read 763 times)