Citizenship by Investment & Plan B option case study #2

Citizenship by Investment Case Study #2 talks about why we recommended a specific citizenship by investment program based on a specific fact scenario. The scenario is two United States citizens residing in Hong Kong. They want a second passport to be able to renounce their current citizenship as fast as possible and wish to relocate themselves and their technology business to another country. Given that they were in an extreme hurry the fastest citizenship program is the 60 day accelerated St.Kitts CBI program option. Under the accelerated option it is an additional US$25,000 for the main applicant and US$20,000 for the spouse for the due diligence accelerated processing. At the moment, the cost for a couple to do St.Kitts & Nevis citizenship under the donation option is US$175,000. At the same time as doing citizenship by investment, we organized a US tax attorney to assist them with the exit tax and US citizenship renunciation process. Ensuring proper tax planning is important. Given that they have a technology/fintech/crypto company they relocated to Dubai and became residents of Dubai. Dubai has a number of tax advantages and business opportunities for entrepreneurs. Disclaimer: This video is for information purposes only and does not constitute legal or financial advice.