Henan village bank mine incident, the people "I now owe money on my credit card, pay off my car loan, and have two sons, all waiting for money."
Depositing money into a bank may seem like a normal transaction, but it's also causing problems in China
Bank executives and shareholders colluding to hollow out banks
Risks of keeping money in the same country
Nowadays, there are many banks around the world that offer deposits and provide many "benefits" to users of high deposits, but for most people it's only about "interest" and "risk diversification". The main concern for most people is "interest" and "risk diversification". In fact, moving deposits within the same jurisdiction, e.g. from one bank to another, the money remains in the same country and does not allow for effective risk diversification. This is because, even if they are in different banks, they are still subject to the same financial norms, face the same exchange rate policies, and the assets are linked to the individual's risk in that jurisdiction.
Chinese tycoons are showing up in European countries.
Value of deposits transferred offshore
Austria
Austrian Citizenship by Investment Program
- A1 German language skills required for naturalization
- Comprehensive health insurance
- Have liquid funds in a bank account of at least 40,000 euros (depending on the size of the family applying)
- Provide proof of residential real estate owned or being rented
Cyprus
Reasonable allocation of assets in Cyprus, to obtain permanent resident status in Cyprus is also an asset transfer abroad, overseas investment in an effective way; and the simplest way to obtain the status of Cyprus residents is also to choose to invest in the Citizenship by Citizenship Program. There are two ways: one is to buy real estate, the second is to invest in real companies;
Cypress Citizenship by Investment Program - Real Estate
Purchase of new immovable property with a total market value of at least €300,000 + VAT in order to obtain a Golden Visa and become a legal resident of Cyprus
Cypress Citizenship by Investment Program - Corporate Investment
Registering and operating a physical company in Cyprus; investing €300,000 and employing at least 5 employees; or choosing to invest the same amount in the CIFA's Pooled Capital Investment Program, which requires the applicant to provide proof of an annual income of at least €30,000, which can be made up of salaries, rental income, pensions etc. Of course you can also become a resident of Cyprus by means of a work visa, student visa and family reunification type of route.
Greece
Greek Citizenship by Investment Program
There are the following routes to a Golden Visa in Greece:
- Purchase of a property with a value of at least 250,000 euros (Home Buying Cost Calculator)
- Registered company with a physical office/agency of at least 400,000 euros
- Investment in a local real estate investment company in Greece for an amount of at least 400,000 euros
- Acquisition of Greek government bonds with a value of at least 400,000 euros
- Regular deposits of at least 400,000 euros with Greek credit institutions. (Article:Deposits for Permanent Residence in Greece - An Advantageous Way of Immigration over Home Purchase)
Italy
Italian Citizenship by Investment Program
There are the following ways to get a golden visa for Italy:
- Choose to invest at least €2 million in Italian government bonds
- Choose to invest at least €500,000 in Italian shares
- Choose to invest at least 1 million euros in Italian projects of public interest such as culture, education, ecology, migration management, research and development, arts and cultural heritage.
Portugal (Portugal)
Citizenship by Investment Program in Portugal
Portugal's Golden Visa - Asset Transfer Investment - is available in the following ways:
- Transfer to a Portuguese bank account of at least 5 million euros or approved investment
- Support for research activities of public or private entities Euro0.5 million, Euro0.4 million in low-density population areas
- Euro250,000 for restoration or maintenance of artistic creations or national cultural heritage, Euro200,000 for low-density population areas.
Portugal's Golden Visa - Real Estate Investment - is available in the following ways:
- Purchase of property with a minimum price of 500,000 euros, 400,000 euros in low-density population areas
- The purchase of a property over 30 years old or in an urban regeneration area should be worth at least €350,000, €280,000 in low-density population areas.
Portugal's Golden Visa - to set up a business - is available in the following ways:
- Relocation of businesses to Portugal, providing at least 10 new jobs (8 in low population density areas)
- Invested $500,000 in incorporation
- Provide or maintain at least 5 permanent jobs
Spain
The European Green Card is an indispensable configuration for many people in their identity planning. Having a green card not only allows you to live permanently in the European Union, but can also be paired with aSecond country passportaccomplishtaxation servicesThe configuration. When it comes to the easiest countries in Europe to deposit money to get a permanent residency, it's none other than the three countries of Greece, Portugal, and Spain. This article analyzes the six advantages of deposit immigration in Greece, and who should buy a home? Why a deposit might help you make more money?
Other ways to settle in Spain:
- Non-Profit Residence Visa
- start a career
- do
- Family reunification visas, etc.
Money in different countries, different destinies in life.
Accumulating savings is a good habit for many Chinese people that has been passed down from older generations. Since ancient times, idioms such as "diligent and thrifty", "accumulation of small amounts makes a big difference" and "accumulation of sand makes a tower" have been used to praise and encourage this group of savers who are trying to make a better life for themselves and their families. But in fact, at any time social progress, global population and the industry shape of the change, financial risk has also increased sharply, inflation, digital finance, lending and other kinds of risk inundated in various countries, if the money are all present in the same financial jurisdiction, but the risk of occurrence, it is likely to instantly reduced to nothing.
Re-examining allocations to give assets more of a path and yourself more of a choice
In this article, through the Henan village bank mine incident, to give us a cautiously, if you are very fortunate that this incident did not happen to the people around you, perhaps this time just luck, but in fact, as long as the deposit to Europe, not only can make the assets in a more free country, but also to obtain the right of abode in Europe, and the residence card with theSecond nationalityIt is an indispensable configuration for identity planning. Having a residence card not only allows you to live abroad, but also allows you to do tax configuration with a second passport. For exampleUpgraded Dominica Passport + Greek Residency.is one of the great choices. Interested in the topic of this article, the
If you want to know about identity planning, multi-tier identity structure, second country passport, EU residency, Haiku account opening, remote naturalization, golden visa, please feel free to contact me:
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