French Guinean immigrants

Guinea-Bissau is located in the west of Africa, bordering Senegal in the north, Guinea in the east and south, and the Atlantic Ocean in the west, with Bissau as its capital. Guinea-Bissau is one of the least developed countries in the world. Its per capita income is very low, infectious diseases are rampant, its economy is dominated by agriculture and fisheries, and its foreign debt is as high as more than 900 million US dollars. 1998, the country's economy and infrastructure were severely damaged by the civil war. At present, the domestic economy is supported by planting cashews. Compared with other African brothers, living on cashews is barely enough.

As a small country, the scenery is primitive and beautiful, but it is extremely poor. Why do so many people choose this identity?

Tax payment plan

Like other small countries, Guinea-Bissau has a low tax rate, no global taxation and many tax-free policies. There is no inheritance tax, property tax, trade tax, and even corporate tax can basically meet the tax exemption conditions. Guinea-Bissau's national policy is to attract foreign investment with low taxes, hoping that more capital will migrate to the local area, promote local economic development and increase government revenue.

Educational demand

To take the entrance examination for overseas Chinese students, in order to avoid the highly competitive college entrance examination, many people use ultra-low cost (Guinea-Bissau status) to incite overseas Chinese students to take the entrance examination. Overseas Chinese themselves and their children can enjoy many rights and interests in the Law on the Protection of Overseas Chinese promulgated by China, including the employment, schooling and property protection of overseas Chinese and their children.

In order to qualify their children to attend international schools, many parents prepare for overseas status, so that their children can meet the requirements, and they can easily study abroad or participate in interviews with international students in the future.

business and commerce

In 20021year, the total bilateral trade between China and Africa reached US$ 254.3 billion, up 35.3% year-on-year. From 200211to September, China's direct investment in non-whole industries was 2.59 billion US dollars, up 9.9% year-on-year, which exceeded the level of the same period in 20 19 years before the epidemic. With the rapid economic growth in Africa, many people will prepare a low-cost African identity for business activities to deepen trade with Africa.

Traditional funeral

Because of their traditional ideas, some families prefer to bury the dying elderly, and some areas also have corresponding policies to give burial treatment to returned overseas Chinese. In order to meet the requirements, they chose low-cost small country status to realize this requirement.