How to deal with China's domestic assets after immigrating to Canada?

1. From a red passport to a blue passport, the nature of China's assets will not change due to the change of shareholders' immigration status. According to Article 55 of the Provisions of the Ministry of Commerce on Mergers and Acquisitions of Domestic Enterprises by Foreign Investors, if a natural person shareholder of a domestic company changes his nationality, the corporate nature of the company will not change, and neither the holding nature nor the inheritance nature will change.

Second, regarding the new investment after identity change, the principle of investment source is adopted. China has an access and approval system for foreign investment, and the safety review industry list and industry guidance catalogue can be used for reference.

Three, after naturalization, overseas individuals who buy and hold real estate in China can only buy a house for self-occupation in China. Overseas institutions that set up branches and representative offices in China can only purchase non-residential houses needed for office work in registered cities. The requirement of purchase is real-name purchase plus valid documents. Overseas individuals holding real estate in China enjoy national treatment in property tax collection.

4. Contractual rights and interests after naturalization (deposits, stocks and securities, commercial insurance, etc.). In China, contractual interests (including deposits, stocks and bonds, commercial insurance, etc.). Those originally held in China will enjoy national treatment and will not change because of the change of immigration status. It should be noted that once the original Canadian passport is changed, all social insurance in China will be invalid. Because the China municipal government stipulates that social insurance is the right of China citizens, not China citizens, they naturally cannot enjoy social security rights. Of course, the balance of social security account funds paid by individuals can be taken away, and the social security branch paid by the original unit will be turned over to the public.

Verb (abbreviation of verb) Inheritance and transfer of property In terms of property inheritance, it means that the property is in China according to the laws of China and in Canada according to the relevant laws of Canada. The transfer of property is based on the legal principle of the location of the property. Regarding the property transfer tax, the method of withholding from the source is adopted. For the tax on the transfer of domestic assets by immigrants, according to the tax agreement between the two countries, if a non-resident of a country obtains taxable income in that country, the income tax can be levied at a reduced rate of 10%. The tax of non-residents in their country of residence is deducted from the amount withheld from the above sources. About inheritance tax. At present, there is no inheritance tax in China. In recent years, the government of China has been making continuous efforts. On April 1 day, 2000, the new regulations on personal deposit account in real-name registration system were issued, which made personal deposit transparent. 2065438+March 1 2005, the Provisional Regulations on the Registration of Real Estate was implemented, and the real estate under the name of individuals was transparent. Next, it is estimated that the issue of gift tax will be introduced. It is logical to levy inheritance tax next.

6. How to avoid tax reasonably and legally? Commercial insurance and property gift can be said to be two more reliable ways. Insurance: the function of insurance to avoid inheritance tax, because domestic insurance claims are exempt from income tax. Gift: the gift between legal heirs is free, and the maintenance and maintenance obligors are also free.

Seven, some Canadian tax and insurance knowledge is the same as the China government. There is no inheritance tax in Canada, but there is a final tax in Canada, which is actually a disguised inheritance tax, except for the cost of inheritance certification and execution. The key issue is that once the death is confirmed, all assets are frozen, and the legal heirs must pay the final tax before they can dispose of the assets. If there is no money to pay the final tax, I'm sorry, these assets cannot be inherited.