Katie Ananina, Russian foreign yachting professional, Plan B Passport is a company that brokers citizenship through investment schemes for tax havens that do not impose capital gains on wealthy investors.

According to a CNBC report released on July 11, Plan B issues hundreds of passports annually to mostly Western customers. Customers choose one of seven jurisdictions: Saint Kitts and Nevis, Antigua and Barbuda, Dominica, Vanuatu, Grenada, Saint Lucia and Portugal.

“If the government starts to influence me, I will take all [my assets] into my own hands and go somewhere else,” Ananina said, adding:

“I was smart enough to know that $200 of bitcoin would be worth $100,000 at some point. I don’t think the government should own 40% of that money.
Safe port countries offer citizenship through investment plans that require six-figure investments in local businesses, real estate or government bonds. Some jurisdictions accept payment in the form of donations, and Ananin estimates that most passports cost between $100,000 and $150,000.

“Basically, this is a donation to the State’s Sustainable Growth Fund. So clients donate $100,000 or $150,000 plus some due diligence and government fees and then $20,000 for my legal fees.”

Plan B customers will also bear the exit tax if they relinquish their current citizenship.

Ananina became Bitcoin’s maxima after witnessing a 50 percent drop in the Russian ruble’s exchange rate in 2015 while living in Spain and playing for the Russian sailing team.

“My macroeconomics professor couldn’t explain it to me. I had no chance of being able to run my equations and see what was going on there. I realized I wasn’t satisfied with the way money works.”
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Citizenship by investment plans have recently come under increased scrutiny after a series of investigations by Al Jazeera revealed widespread corruption among officials overseeing programs in Cyprus and the Caribbean, where many Caribbean nations offer diplomatic passports. at a reasonable price.

Cyprus revoked citizenship through an investment scheme in October 2020.

Source: CoinTelegraph