With Plan B Passport, you can get a second passport in seven tax haven countries.
The company is conducting the process in conjunction with each government’s residency programs.
Plan B Passport company offers passports to residents of the United States, United Kingdom, Australia, and Canada who wish to be exempt from payments made on profits made using Bitcoin (BTC).
The company’s owner, Katie Ananina, was recently interviewed by CNBC news channel. During the conversation, the Russian-born businesswoman said that she is a customer of this initiative a way to get a second travel document from one of these seven countries which are considered tax havens: St. Kitts and Nevis, Antigua and Barbuda, Dominica, Vanuatu, Granada, St. Lucia and Portugal.
That explains the entrepreneur These states apply a tax regime that is favorable to non-residents who are resident in them for legal reasons. All are exempt from capital gains tax on cryptocurrency holdings, he emphasizes.
I was smart enough to imagine that $ 200 worth of bitcoin would be worth $ 100,000 at some point. I don’t think the government should have 40% of that.
Katie Ananina, founder of Plan B Passport
Ananina assures that she has met several bitcoiners who believe this it is “compulsory” to get a second passport to avoid taxes on cryptocurrency revenue. The company she runs processes this passport in connection with the social programs of residence or citizenship through investments of each government.
Regarding the latter, Ernets Marai, attorney at the international law firm Andersen, points out that, for example, on the island of Santa Lucia, to get a passport, between 100,000 USD (donation), 250,000 USD (government bonds) or must invest 300 thousand USD (real estate).
During the expansion, Ananina gave details that serve the purpose of understanding the business model of your company: “It’s basically a donation to the country’s sustainable growth fund. So clients donate $ 100,000 or $ 150,000, plus some due diligence fees, government fees, and then $ 20,000 for my legal fees. “
The owner of Plan B Passport doesn’t rule out her customers in the US thinking about it Renounce your American citizenship. And in this country, the IRS considers Bitcoin and other cryptocurrencies as property. That means their owners have to pay the same taxes as if they were stocks or real estate.
Katie Ananina: a bitcoin maximalist
In her Twitter profile, Ananina defines herself as a bitcoiner who loves music and surfing, among other things.
Renowned developer Vijay Boyapati describes her on this social network as “a bitcoin maximalist who wants to help people move to where they are best treated instead of being treated like cattle raised with taxes”.
According to the profile published by CNBC about the owner of Plan B Passport, she is known to be born and raised in Chelyabinsk, a city in Russia. She was a professional sailor and settled in the USA in 2016. Until then he didn’t speak English and now he’s fluent.
Ananina practices “international arbitration”: if a government influences the way she lives, she moves to another, cheaper place. Source: Twitter
As he told CNBC, he stayed in Spain for two months in early 2015 for his participation in the competition for the Russian sailing team. It was at that moment when observed a 50% devaluation of the ruble.
The businesswoman points out about this situation: “My professor of macroeconomics couldn’t explain that to me. There was no way I could run my equations and find out what was happening there. I realized she wasn’t happy with the way the money worked. “
Then he got to know the cryptocurrency developed by Satoshi Nakamoto and became, she says, “a loyal Bitcoin preacher”. For her, being a maximalist doesn’t just mean believing in a coin, it’s a lifestyle. For example, she practices what she calls “international arbitration,” which means that she breaks free from government rules of her actions and finances and goes wherever she suits her whenever she wants.
“When the government starts to influence me, I’ll take everything [mis activos] and I’m going somewhere else, ”claims Ananina. This was the fuse that sparked her creativity to start their own business to help others realize their idea: take their fortune and go elsewhere.