DDT violates China's Cybersecurity Law, Data Security Law and Personal Information Protection Law
Recently.lit. drop-drop taxihit by a data breachChinese government penalizes $8 billionThe news is on the hot search. The facts and evidence of the violation of China's Cybersecurity Law, Data Security Law and Personal Information Protection Law by DDT Global Corporation are clear and well-documented. A while ago, a hacker claimed to have hacked into the Shanghai police database and openly sold the identities of hundreds of millions of Chinese citizens online. Such news shocked China's cybersecurity community and raised public concern about the security of personal information.
Risks entrepreneurs should be aware of
After the reform and opening up, a number of Chinese corporate giants have risen rapidly and developed their business to neighboring countries as well as Europe and the United States, and are pivotal in the entire international market. However, the times are changing and legal norms are being amended year by year. Many entrepreneurs, in their pursuit of innovation and stable growth, have come to realize that legal norms in the region may shake the foundations of their businesses.A lot of business models that were legal in the last five or ten years may now be irregularities. This may not only happen in China, but also in the United States, Japan and other developed countries. Entrepreneurs who do not customize their identity structure to suit their needs can be vulnerable to difficult tax and legal issues that can affect the survival of their business.
Digital Nomads, who work freely, are on the rise.
"Digital Nomads" (Digital Nomads), who derive their income from the Internet and therefore have no geographic restrictions on their work. There are currently more than20 countries welcomed these remote workersand as I shared in a recent YouTube programHow to get a European residence card quicklyThe best way to show that countries are welcoming this type of talent in the post epidemic era is to do just that. However, the lifestyle of being able to work anywhere in the world with internet access and earn money while on vacation sounds wonderful, yet it also comes with some tax challenges.
Tax risks faced by digital nomads
Solve tax problems by controlling risks with "identity planning".
How do you solve the tax challenges of identity regularization and digital nomads? Re-establishing a full, new underlying identity by buying a passport for immigration as a start is a legal and safe solution. Today, a number of Caribbean countries with liberal tax policies such as Dominica and St. Kitts have enacted Citizenship by Investment programs that allow investors to become legal citizens of the country by purchasing a passport. Caribbean passports are very popular, with the most cost-effective and my most recommended being theDominica PassportThe
Introduction to Dominica's Passport
How to Apply for a Dominica Passport
First, schedule a consultation with us to find out what type of configuration is suitable for you and to confirm whether or not theeligible. (a) Citizenship of Dominica. Application for Dominican citizenship is made through an authorized agency of the Government and complete documentation is submitted for due diligence by the Immigration Department. The entire process takes no more than three months.
Conclusion, entrepreneurs or digital nomads should do identity allocation
Dominican citizenship can be used as entry-level identity planning, ideal for individuals, couples, and families of three to apply. It can also be used as a professional citizenship for identity configuration. If you intend to do complete identity planning for your family members, you can obtain a multi-layered structure for visa-free travel to over 150 countries by holding a Dominican passport and obtaining a status in a third place by way of European residency, purchasing a home overseas, opening a company, a U.S. visa, or purchasing a fund or stock. Upon becoming a citizen of Dominica, you can apply for numerous services such as localIdentity card (driver's license), social security number, tax ID number, international driver's license, etc.. The most important thing is that there is no personal income tax, property tax, capital gains tax, etc. to pay.
Extended Reading
Dominica Passport Application Success Stories,Dominica Passport Application for U.S. Visa Success Stories,U.S. Student Visa Success Stories,Applying for a Certificate of No Criminal Conviction after Naturalization,Hague Certification Success StoriesQuickly learn about Dominica's Commonwealth passport, processing, materials, notarization, timing, visa-free countries, eligibility, advantages
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Dominica Citizenship Program
- The Dominica Citizenship Naturalization Program was established in 1993 A.D. and is one of the oldest naturalization programs in the world.
- passport immigrationApplicants are not required to attend an interview
- Immigration can be processed quickly: the time it takes is about 2-3 months.
- The most cost-effective program for single applicants
- The status can be passed on permanently to the next generation in the direct line.
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