CRS is a threat. Will the future of immigrants and overseas assets be all right?

The Organization for Economic Cooperation and Development once published a communique saying that its 34 member countries, including Switzerland, and 13 countries, including Brazil, China and Singapore, * * * signed a standard on the implementation of automatic information exchange between banks. Switzerland, the world's largest offshore financial center, promised to automatically hand over the details of foreigners' accounts to other countries.

With the development of CRS in China, the role of global asset allocation is becoming more and more obvious. At present, the small country passport immigration program is becoming more and more popular. St Kitts immigrants are sought after by domestic investors because of their low threshold, low cost and many advantages.