Digest: St. Kitts & Nevis has reduced the cost of passports for investments / US threatens foreign students with F-1 and M-1 visas to be deported / Australian tax authorities contacted crypto investors with reminder letters

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Kristina Kurkuliak 13.07.2020

Here are the latest developments in respect of migration programs. St. Kitts & Nevis has reduced the minimum contribution for investing families of four; students on F-1 and M-1 visas in US universities could be deported from the country, and if Cyprus and Russia are able to agree on tax treaty with favorable terms.

St. Kitts & Nevis has reduced the cost of passports for investments

According to the Press Service of the Government, the Federation provides a 23% discount for foreign families of four, which apply for citizenship by investment. The offer is valid through the remainder of 2020 only.

Would you like a complete cost estimate under the St. Kitts & Nevis Citizenship by Investment Program considering the discount? Please fill in the contact form and we will prepare the cost estimate within 15 minutes!

US threatens foreign students with F-1 and M-1 visas to be deported

Tens of thousands of students in American educational institutions must leave the country if they have only online classes in the fall semester. According to the press service of the U.S. Immigration and Customs Enforcement (ICE), if foreigners do not comply with the order, they will be deported.

How can you enable your child to study in the USA and stay there on legal basis after graduation? Contact us to learn more about U.S. immigration and business visas.

Australian tax authorities contacted crypto investors with reminder letters

According to Forbes, about 350,000 residents of the country received notifications with requirement to fill out a tax return and to pay the tax on cryptocurrency.

The Australian Tax Code stipulates that cryptocurrencies shall be treated as a “form of asset” and are subject to capital gains taxes.

Consultants of Migronis will help to select the country with the most favorable tax climate for crypto investors. Please contact us through our Contact Form .

Spanish contraction lobby proposes to halve the amount of investment for Golden Visa

 The country’s government is proposed to put a stop to outflow of foreign capital from the kingdom. According to El Pais, the National Developers’ Association states that the proposal to halve the minimum amount of investment in housing for residence permit shall be the efficient solution.

In the midst of economic tremors caused by the coronavirus pandemic, Spain has issued 113 Golden Visas in the first 5 months of 2020. This is half as much as in the same period of 2019.

If you would like to learn about the Golden Visa program in Spain, please fill in our Contact Form, and we will send you a detailed presentation with step-by-step guide and sample estimates.

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