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CRS globalization, Spain international asset allocation program launched!

On 26th August 2019, the organization for economic cooperation and development (OECD) announced the latest list of countries joining the Global Forum on Transparency and Exchange of Information for Tax Purposes on the official website. Guinea, Namibia and Honduras have successively announced their commitment to implement the International Standards for Information Exchange and the Standards for Automatic Exchange of Tax-related Information in Financial Accounts (CRS).

Switzerland officially begins exchange in September 2019

On 15th August 2019, under the pressure of the international community, Switzerland entered the formal CRS exchange process, and the Federal Parliament officially announced that in September 2019, CRS tax-related information will be exchanged with tax authorities in 33 countries and regions around the world, which means:

Your overseas assets may have been monitored by the domestic tax authorities!

High-net-worth individuals who have accounts and assets overseas, once inquired about their income abroad, they will not only face personal income tax repayments, but also might have criminal liability.

What is CRS？

The Common Reporting Standard, referred to as CRS, was commissioned by the Group of Twenty (G20) and was established by the Organization for Economic Co-operation and Development (OECD) on 15th July, 2014 for the exchange of financial account information.

In simple terms, the CRS is to improve tax transparency and combat cross-border tax evasion through the exchange of tax resident information between participating countries and regions.

Spain international asset allocation program

Advantage

1. Short processing period and simple application procedure

2. Avoid CRS effectively

3. The company does not involve operation and taxation.

4. Open overseas accounts

5. Enjoy quality education resources in the Schengen area

6. Does not affect other identities such as original nationality

Requirements

1. Non-criminal record;

2. Other requirements that may be required*

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German immigration threshold hits new low! New immigration laws come into force on 1st March 2020!

Big news! German federal government launches new immigration law! Minimize the threshold for immigration, and opened the door of Germany to the outside world!

Under the influence of population aging, slow natural growth rate and lack of high-quality graduates, the shortage of labor in many occupational fields is affecting German economic development. On 12nd February 2019, the Voice of Germany reported that a survey released on the same day showed that from now until 2060, Germany needs to import at least 260,000 laborers from overseas every year.

So what are the highlights of the latest immigration law?

1. Skilled immigrants will become a hot point

The introduction of new policies has ensured that the demand for technical personnel is one of the central tasks. In order to maintain Germany's strong economic capacity, Germany needs to ensure and expand the number of skilled technical personnel according to economic needs.

2. Cancel the priority review system

In terms of job market access, the censorship criteria no longer follow the "German local preference" principle. Eliminating the priority review system means that it is fairer to third-country talents in non-EU regions and makes it easier for them to stay in Germany through their own capabilities.

3. Bachelor degree and above benefit most

You only need to find a job that matches your qualifications and meets the German Immigration Service's salary standards to get a work visa. More importantly, providing German language level is no longer a prerequisite for issuing a work visa!

Compared with skilled immigrants, talents with senior management experience or high educational background have an advantage after the priority review system is cancelled, which significantly improves the application conditions for employment immigration.

Germany residence permit program

Advantages

1. Top welfare；

2. High quality of life；

3. Enjoy high-quality education resources in EU；

4. Medical care in all European countries is open to you；

5. Visa-free live and work in all Schengen countries;

6. Perfect living environment and beautiful landscape. Ideal place for family development.

Requirements

1. Non-criminal record;

2. Purchase a real estate of more then 300,000 euros

3. Set up a company

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Monaco residence permit program ,opening up new life for elites

Monaco residence permit program, opening up new life for elites, there are no wealth tax, no inheritance taxes! 

want to know more? please contact us for details! 

E-mail:[email protected] 

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Immigration to Croatia, how far away is it from EU permanent residence？

Speaking of Croatia, what's in your mind? Is it the exhilarating "Croatian Rhapsody" of Maksim, or the Lattice Legion on the World Cup, maybe the epic King's Landing in the Game of Thrones.

Croatia is located in the southeast of Europe, at the junction of the Mediterranean and the Pannonian plains of the Balkans, with warm climate and picturesque scenery. Here witnessed the rise and decline of the dynasty, and also interpreted the romantic fairy tale unique to the Mediterranean.

1. How beautiful is the Croatia?

This is the paradise on earth written by George Bernard Shaw and also a country that has been repeatedly rated as the best travel destination in Europe by Lonely Planet. The story-filled castles, magical beaches and towering cliffs are like beautiful“3D”picture scrolls. The vicissitudes of the ancient city, the sapphire blue waters and the beautiful leisure island！

2. Enjoy all the EU benefits and about to join the Schengen.

Immigration to Croatia, after obtaining the EU passport, you can enjoy visa-free access to 151 countries, including Canada, the United States, Australia, Singapore and other countries;

More importantly, you can enjoy work, live, study, and settle in the 28 EU countries freely and enjoy the same citizen benefits, including medical care, education, pension and other benefits, equivalent to all the top resources in Europe are open to you.

Croatia residence permit program

Advantages

1. High Welfare: Free public healthcare system, free education, retirement pension, guaranteed minimum allowance, housing benefit, and other social benefits.

2. Allows dual citizenship.

3. No language requirements*; 4. No education requirements; 5. No stay requirements*;

6. Perfect living environment and beautiful landscape. Ideal place for family development.

Requirements

1. Non-criminal record; 2. Other conditions may apply*

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Good news, Cyprus passports may be visa-free in the United States in 2020!

According to the latest news from the Cyprus Mail, there is a new progress on visa waiver from Cyprus to the US !

1. Cyprus is expected to be visa-free in the United States

Under the Visa Waiver Program (VWP), only 39 nationals are currently eligible to visa-free enter the United States.

The Minister of Foreign Affairs of Cyprus stated that the U.S. government is expected to arrive in Cyprus this month. During the visit, a joint meeting will be held with the Minister of Interior and the Minister of Justice to discuss how to promote the "mutual visa exemption" of Cyprus and the United States.

2. Cost-effective Cyprus passports

In the recently released Henry Passport Index 2020, Cyprus passports have been upgraded in gold content, ranking 8th in the world and a Cyprus passport holder can enjoy visa-free access to 166 countries.

Cyprus is not only a member of the European Union and the Commonwealth but also a Eurozone country. More importantly, Cyprus is about to join the Schengen. With a Cyprus passport, you can work, study and live freely in European countries and enjoy all the EU benefits.

3. Preferential tax policy

As a low-tax country in Europe, Cyprus is a tax haven. There is no inheritance tax, no gift tax, no global tax. The corporate income tax is only 12.5%! A favorable tax system can not only provide great convenience for your business, but also protect your wealth after immigrate to Cyprus.

Cyprus passport program

Advantages

1. No stay requirement*. 2. Low cost of living. 3. Easy application process with high approval rates. 4. Visa-free living and working in the EU and Schengen countries. 5. Lifetime EU citizenship with one-time lump investment. 6. Allow dual nationality.

Requirements

1. Non-criminal record; 

2. Investment requirements* for details, please contact us.

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Frequently Asked Questions about Austrian quota immigration

1. What is Austrian quota immigration?

Austria provides a certain number of available quotas to the world each year, known as the quota settlement program. the number of quotas are approximately 400 each year, and all Non-EU nationals can apply.

2. Is it an employer sponsored migration or a work permit?

Austrian quota immigrants are not employer sponsored immigrants or work visas, it’s a residence visa. EU permanent residence can be applied after meet certain requirements.

3. What are the advantages of immigrating to Austria?

Austria is both an EU country and a Schengen country and it is located in the heart of Europe. It is one of the richest countries in the world and also a country with top welfare system. Immigration to Austria, you can easily enjoy the multiple benefits of local residents, European Union and Schengen.

4. What if the parents get the quota and the child does not?

The reason why Austrian quotas are so scarce is that everyone occupies a quota, even for newly born children. Of course, it is the best result that all the family members get the quota at the same time, but what if the parents get the quota and the child does not have one？Don't worry, according to Austrian immigration law, as long as their parent has legal residence status, children under 18 can apply for family reunion.

Austria Residence Permit program

Advantages

1. Enjoy the super high welfare.

2. You can apply for permanent residence in the EU after five years of residence.

3. Able to apply as a family* or apply for family reunification.

4. Perfect living environment and beautiful landscape. Ideal place for family development.

Requirements

1.Non-criminal record

2.Diploma or German language skills( A1).

3. Health insurance and local accommodation*

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Why is Italy a paradise for immigrants?

It is well known to all that European countries have the perfect social welfare. Take Italy as an example, Italy has comprehensive social benefits such as medical care benefits , education benefits, and pensions benefits. In particular, its medical care level rank 2nd in the world. After obtaining permanent resident status, immigrants can enjoy the same social benefits as Italian citizens.

Medical care benefits

Italy's medical care system ranks 2nd in the world: according to the Italian medical care system, Italian citizens can enjoy free public health care for life.

Pension

Those who hold a permanent residence card and have lived in Italy for 10 years, males over 65 years old and females over 60 years old, can receive a pension of 550 euros / month, regardless of whether you have paid taxes before or not.

Education

There are 218 institutions of higher learning. Some famous universities include the University of Rome, Bocconi University of Milan, Polytechnic University of Milan, Polytechnic University of Turin  and the University of Florence.

Holiday

Italy has a variety of holidays, about one-third of the year, and a total of 122 days are holidays. There is also a paid holiday in Italy every August, which is definitely one of the best welfare.

Government-subsidized housing

In order to ensure that everyone has a house to live in, Italy has developed a lot of government-guaranteed housing, which is managed by government agencies. The rental price is very low and the living environment is good.

Italy residence permit program

Advantages

1、Perfect welfare;

2、Excellent quality of life;

3、Perfect living environment;

4、Visa-free live and work in all Schengen countries;

5、No stay requirements*;

Requirements:

1. Non-criminal record;

2. No Italian annual residence record；

3. Investment requirements* for details, please contact us.

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The latest global passport power ranking for 2020！

On 7th January 2020, "Henley & Partners" consulting firm released the latest global passport index rankings for 2020. Among them, the Japanese passport has topped the list for three consecutive years with 191 visa-free countries, becoming the world's most travel-friendly passport. Singapore passport ranks 2nd, while German and South Korean passports are tied for 3rd.

Portuguese and Irish passports rank ahead of UK and US.

In the passport ranking list, Italy and Finland are tied for 5th, Spain, Luxembourg, Denmark are tied for 5th, followed by Sweden, France, Switzerland, Portugal, Netherlands, Ireland, and Austria defeated Britain and the United States with the advantage of one country.

Highlights of Malta and Cyprus

Among the ranking list, another country that stands out is undoubtedly Malta. This beautiful and small European country located in the Mediterranean ranks 9th in the world in terms of visa-free to 183 countries. Malta citizenship can be easily obtained through investment. There are no language requirements, no education requirements, and no business experience requirements. One person applies, a family of four generations can immigrate together!

Several other countries that can obtain citizenship through investment also perform well in this ranking. Such as: Cyprus ranks 16th and visa-free in 174 countries, St. Kitts and Nevis ranks 27th and visa-free in 154 countries.

Interested in the residence permit or passport program worldwide? Please contact us for details!

Ireland residence permit program

Advantages 

1. Perfect welfare;

2. Excellent quality of life;

3. Safe and healthy environment;

4. Visa free in The British commonwealth and other EU nations;

5. No stay Requirements*;

6. No language requirements*;  

 7. Allows dual citizenship;

Requirements:

1. Non-criminal record;

2. Account statement and a proof of 800,000 euros deposit;

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New welfare policy in Greece, each newborn will receive a special subsidy of 2,000 Euros!

The Greek parliament voted to determine that, from 1st January 2020, each newborn in Greece will receive a special subsidy of 2,000 euros, and the subsidies does not require any application. This subsidy applies not only to Greeks, but also to foreigners!

In fact, before the implementation of this policy, the welfare of Greek newborns are already perfect:

Childcare benefits

Every mother is eligible for a childcare benefits from the 5th month after pregnancy to the age of 3.

Single child support allowance

For families with one or two children, the subsidy is based on the total family income and the number of dependent children. Each child receives a subsidy of € 40 per month.

Multi-child family allowance

Families with more children will receive more subsidies. Generally, mothers with more than 3 children doesn't need to work anymore. There are other aspects of child care subsidies, such as family childcare subsidies, baby-sitter subsidies, pre-adult family allowance, pre-school allowance.

Maternity Allowance

Pregnant woman can apply for a medical checkup allowance after pregnancy, all expenses from the first medical examination to the birth of the child can be applied for free.

The above benefits are applicable to foreigners who have permanent residence status. Although Greece does not support nationality by birth, if give birth to a child in Greece, after raising to a certain age, the child can directly apply for nationality. What's more worth mentioning is that the Greek passport ranks 8th in the world and is equivalent to the British passport and US passport!

Greece residence permit program

Advantages

1. The property can be inherited by family members.

2. There is no business background and language requirements*.

3. A family of three generations can apply together.

4. No stay requirements*.

5. Visa-free access in 183 countries including the Schengen countries and the US *.

6. High-quality European education resources.

7. Excellent quality of life and higher welfare.

8. Top level of medical care security.

Requirements

1、Non-criminal record; 2、50,000 euros bank statement ;

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Moving to Belgium- a luxurious and understated welfare kingdom

What's in your mind when talking about Belgium? Was it the beautiful Audrey Hepburn, who was born in Belgium, walked in the light and shadow, or was it the Manneken Pis appeared in many travel promotional videos. There are some of the best chocolates, chips, waffles and beers in the world; And also the most dense Michelin restaurants per square kilometer in the world.

The Belgian capital Brussels is known as the "European Capital" and is the headquarters of many international organizations such as the European Union and the North Atlantic Treaty Organization. Many international conferences are held here every year, more than 200 international administrative centers and more than 1,000 official groups have offices here.

First-class education

Belgium offers free education to all citizens. Primary education ranks 1st in the world and the teaching level ranks 1st in Europe and 2ndin the world.

Medical care system

Belgium was ranked 4th in the United Nations as the most suitable country for human habitation, second only to Norway, Sweden and Canada. The average life expectancy is 77 years, the medical health level is rated as the 1st in the world, and the comprehensive ranking of medical care level ranks 2nd in the world.  

Children Benefits

Every child will receive more than 1,000 euros at birth. Every child will receive certain amount of money every month until 18 years old.

Perfect social welfare                                                                                         1. Pension: about 800 euros per month for those who over 65.

2. Unemployment benefits: Up to 80% of the 5-year average wage, you can get it for up to 3 years.

3. Alms: for those who unemployed, about 500-600 euros per month, college degree can receive more.

Belgium residence permit program

Advantages

1. No stay requirements*;

2. No language requirements*;

3. Multicultural country with English widely spoken;

4. Visa-free living and working in all Schengen countries;

4. Children born in Belgium automatically gain Belgian citizenship at the age of 18

Requirements:

1. Non-criminal record;

2. Set up a company in Belgium as a legal entity;

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Total revenue from residence by investment in Portugal about to exceed 5 billion mark

Portugal officially launched the golden residence permit program since 9th October, 2012. In the past eight years, and nearly 5 billion euros have been invested in Portugal from overseas to obtain the golden residence permit status. Portugal golden residence permit program is about to join the UK investment, Quebec investment and the US EB-5 program as the fourth residence program in the world over 5 billion euros.

Why such many immigrants choose to invest in Portugal? Let's take a look at Portugal's international statistics:

1. Ranks 3th in national security index-the country attaches importance to national security.

2. Ranks 8th in best quality of life in the world-unique geographical location and ecological environment.

3. Portuguese passport ranks 7th in the world, visa-free in 185 countries ( such as USA, Sweden, Germany and France ).

4. Ranked 24th overall-high quality of life and low cost of living.

By November 2019, the approval rate of the Portugal golden residence permit is 98%! There is still a downward trend from the number of gold residence cards issued, so it's better to start your immigration plan as soon as possible!

Portugal golden residence permit program

Advantages

1. Perfect welfare.

2. High quality of life.

3. Candidate for US E2 visa, which means that Portuguese citizens can settle, work, study and live in the United States freely.

4. Identity and property can be inherited by your descendants.

5. A family of three generations can apply together.

6. Enjoy high-quality education resources in EU.

7. Top medical care in all European countries is open to you.

8. Visa-free in all the Schengen countries.

9. Allow dual citizenship

Requirements 1. Non-criminal record; 2. Stay for 7 days in the first year and 14 days every two years thereafter; 3. Investment requirements* for details, please contact us for details!

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As a quaternity country, Malta start a new era of European immigration!

Malta has the clearest sea in the world, known as the back garden of Europe and the heart of the Mediterranean Sea. It is the only quaternity country in the world, that is: Schengen area + EU countries + Commonwealth countries + Euro area, and also a country whose official language is English.

Malta residence permit program has many advantages, such as loose conditions, low investment, and visa-free to live, work, study and travel in 26 European and Schengen countries.

Excellent location: the heart of the Mediterranean, connecting Eurasia and Africa.

Long history: 7000 years of cultural accumulation.

Developed economy: GDP per capita exceeds USD 37,000

Advanced medical care system: top 5 health systems worldwide

British education: in the same vein as the British education system

Language in Malta

English is the official language of Malta, followed by Maltese. All form files, street signs, restaurant menus and other important information used by the Maltese government are in English.

Taxes in Malta

Malta has a very stable political and financial environment. It is a non-national tax country and implements a corporate tax refund system. The minimum corporate income tax is only 5%. There is no inheritance tax, no gift tax, and no real estate tax.

Malta lifestyle

There are more than 200 sunny days around the year in Malta. Life in Malta is very slow, and people like to be free and get close to the sea and have a sunbathing. Compared to the fast-paced life and work of other EU countries, Malta is definitely a paradise.

Malta citizenship program:

Requirements 1. Non-criminal record; 2. Investment requirement* for details, please contact us.

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Big country green card and small country passport which is more suitable for you？

For immigrants, we often hear the words "green card" and "passport." However, those who are new to this area can't tell the difference between the two. They always think that when they get a green card, they become citizens of the country, however this is not the fact.

How far are "green cards" and "permanent residence status" from "nationality"? And what's the difference between them?

Firstly, let us clarify some concepts: permanent residence, green card

Permanent residency

Refers to the right of an individual to be allowed to residence permanently in a country, but not necessarily enjoy civil rights. A person with permanent residency is called a "permanent resident."

Green card

The official name is "permanent resident card". Green cards have become synonymous with permanent residence permits in many areas.

Nationality

It refers to the legal qualifications of a person belonging to the nationals of a country, and is also the basis for the country's diplomatic protection. A country will only issue its own passport to its nationals.

Generally obtaining permanent residency gives you the right to legal permanent residence and work in this country. After living for a certain number of years, meeting certain naturalization conditions and getting approval, you will be naturalized, become a citizen of this country, and have your own passport.

Big country green card and small country passport, which is more suitable for you？

Big country is more suitable for life

These big countries have comparative advantages in economy, culture and education. You can visa-free in many developed countries, allow your children to have better education resource, and enjoy better social welfare.

Small country passport can quickly obtain status

Due to the high threshold and long schedule of traditional immigration country, small country passport become more and more popular among high net worth individuals.

These countries are mainly represented by Commonwealth countries such as Cyprus, Saint Kitts and Nevis, Malta, Antigua and Barbuda.

The biggest advantage of a small country passport is that it can not only facilitate global travel, allocate overseas assets, but also solve problems such as tax planning and children education.

St. Kitts passport program: 

Advantages

1. Commonwealth passport program with low investment amount;

2. Get citizenship: one person apply, four generations benefit;

3. Safety: approval first, investment later;

4. Short application period;

5. No stay requirements*;

6. Tax incentives: exemption of personal income tax, inheritance tax, gift tax, overseas income tax, etc.;

7. Enjoy the commonwealth's national treatment, enjoy free English education from primary school to high school in the country of Saint Kitts and Nevis, and most mutual recognition of credits between commonwealth member states.

8. Visa-free landing signing more than 150 countries and regions: including the EU and Schengen countries, the United Kingdom, Hong Kong, Taiwan, Singapore, Russia, India and Indonesia, etc.

Requirements

1. Non-criminal record;

2. Donate $150,000 to the government or buy more than $200,000.

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Immigration to Costa Rica: the wonderful experience of the American back garden

Maybe you don’t know Costa Rica,

but you must have seen the movie "Jurassic Park",

this is the location where the movie was filmed;

The "Lightning" in the Zootopia,

the hometown of its prototype sloth is also here.

Excellent location

Costa Rica, it is the country with the highest happiness index in the world, also known as "the Switzerland in Latin America". The most developed country in central America and a dream paradise for Americans.

25% of its area are national parks, 80% of the land area is green-covered forests or green plants, and more than 50,000 species live in this country, and most of these animals and plants can only be seen in Costa Rica.

The pillar of the economy

Tourism is one of the most important economic pillars of Costa Rica. It is one of the best places for families and couples in Europe and the United States to spend their holidays. Costa Rica is rich in top coffee of world-class, which tastes mellow and rich.

Costa rica education

Costa Rica has many famous universities and distinctive educational institutions. In addition to Spanish, they also teaches in English, French, German and other languages. Many schools in Costa Rica are bilingual or trilingual. Some well-known alien schools include American schools ( Harvard University, Lincoln College ), German schools, British schools ( Liebden College), French schools, Japanese schools, they all well-equipped, rigorous in teaching and can enter the top American universities for further studies.

Costa Rica residence permit program

Advantage

1. Short naturalization period;

2. No language requirements*,

3. No education background requirements,

4. No stay requirements*;

5. Perfect Welfare;

6. Free Medical Treatment;

7. As the 13th happiest country in the world.

Requirements 1. Non-criminal record; 2. 60,000 US dollars deposit (please contact us for non-deposit option).

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Immigration to Czech, three years to obtain EU permanent residence

The Czech Republic, a beautiful and mysterious landlocked country in central Europe, as if the pure land in European fairy tales. It is the mysterious representative in Nietzsche’s eyes, it is the hometown of Franz Kafka, it is the place where Kundera writes the famous novel the unbearable lightness of being and the most beautiful city in Europe in the eyes of Goethe.

Czech has a sound social welfare system, after immigrating to Czech you can enjoy all the benefits and rights as the locals.

1. The Czech government provides housing subsidies and loans to buy a house enjoy tax relief policies;

2. There is no financial burden to have children, and the government will provide childcare subsidies and parent allowances for two years;

3. The Czech Republic has a world-class free medical care system;

4. High-quality senior living environment and top benefits;

5. There is no inheritance tax and all personal wealth can be inherited by children.

Czech residence permit program

Advantage

1. perfect welfare;

2. Good living environment;

3. No stay requirements*;

4. No language requirements*;

5. Visa-free live and work in all Schengen countries;

Requirements:

1、Non-criminal record;

2、Provide to 100,000 euros bank deposit ;

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The first Portugal passport for gold residence permit has been issued!

Accumulated residence for 35 days to get an EU passport! The first Portugal passport for gold residence permit has been issued!

An applicant has obtained a Portuguese golden residence permit through an investment immigration program, after holding it for 5 years, meeting the 35-day residence requirement and obtaining a Portuguese A2 certificate, finally got Portuguese citizenship. The first case of golden visa holder get approved, which approved the Portuguese authorities' criteria for naturalization of golden visa holders.

Why more and more high net worth individuals choose Portuguese gold residence permit program?

EU member states

The Portuguese passport is currently one of the highest ranked passports and is visa-free in 185 countries and regions (Heinz ranking: No. 1 Japan and Singapore visa-free for 190 countries and territories). As an EU passport, passport holders are free to settle in 27 EU countries and enjoy the same education, medical care resources and other benefits as their nationals.

Candidate for US E2 visa

On December 3, 2019, the US House of Representatives passed a bill to sign an E1 and E2 agreement with Portugal. This bill, known as AMIGOS ACT, aims to open E1 and E2 visas to Portuguese citizens in the United States, allowing them to trade or make major investments in the United States. This means that Portuguese citizens can travel to the United States with an E2 visa and settle, work, study and live in the United States freely.

Portugal residence permit program

Advantages

1. Perfect welfare.

2. High quality of life.

3. Identity and property can be inherited by your descendants.

4. A family of three generations can apply together.

5. Enjoy high-quality education resources in EU.

6. Medical care in all European countries is open to you.

7. Visa-free in Schengen countries.

8. Allow dual citizenship

Requirements 1. Non-criminal record; 2. Stay for 7 days in the first year and 14 days every two years thereafter; 3. Investment requirements* for details, please contact us.

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Good news, the Greek government will implement tax reduction measures from 1st January

The Greek government, which has been committed to reducing taxes and stimulating the economy, will implement 16 tax reform policies from 1st January,2020.

Tax reform measures for Greek individuals, families and businesses include:

1. The first tax level is the personal income tax rate for taxpayers with an annual income of less than 10,000 euros was reduced from 22% to 9% ; In addition, the income tax rate for all tax levels were reduced by 1% ;

2. The company's business profit tax has been reduced from the current 28% to 24%, and profits in 2019 will be taxed in 2020;

3. Tax on dividends for fiscal year 2019 reduced from 10% to 5%;

4. Suspension of 24% value-added tax on new property transfers for 3 years, which applies to buildings issued with permits by the end of 2022;

5. Suspension of capital gains tax on real estate transactions for 3 years until the end of 2022;

6. VAT on basic baby products were reduced from 24% to 13%;

7. Adopting new debt service standard for those in arrears with national debts, allowing debt repayment in installments of 24 or 48 months;

8. Exemption from capital gains tax on transfer transactions for companies registered in Greece;

9. Exempt corporate tax on listed companies and solidarity tax on bonds;

10. Encourage individuals who invest at least € 500,000 in Greece to transfer their tax residence;

Greece residence permit program

Advantages

1. The property can be inherited by family members.

2. There is no business background and language requirements*.

3. A family of three generations can apply together.

4. No stay requirements*.

5. Visa-free access in 183 countries including the Schengen countries and the US *.

6. High-quality European education resources.

7. Excellent quality of life and higher welfare.

8. Top level of medical care security.

Requirements

1、Non-criminal record; 2、50,000 euros bank statement ;

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