A Russian woman named Katie Ananina has started a business that allows Americans, Canadians, Australians, and residents of the United Kingdom garner new passports as a means of avoiding taxation on their bitcoin and crypto holdings. Katie Ananina Wants You to Keep Your BTC Ananina first arrived in the United States in 2016. She garnered a green card after proving herself to be one of the best sailing instructors around, but she has since turned her attention to helping others keep their crypto holdings. In a recent interview, she commented: I was smart enough to figure out that 0 in bitcoin will be worth 0,000 at some point. I do not think the government should have 40 percent of that. At 26 years of age, she is young for an entrepreneur, yet she seems to have
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A Russian woman named Katie Ananina has started a business that allows Americans, Canadians, Australians, and residents of the United Kingdom garner new passports as a means of avoiding taxation on their bitcoin and crypto holdings.
Katie Ananina Wants You to Keep Your BTC
Ananina first arrived in the United States in 2016. She garnered a green card after proving herself to be one of the best sailing instructors around, but she has since turned her attention to helping others keep their crypto holdings. In a recent interview, she commented:
I was smart enough to figure out that $200 in bitcoin will be worth $100,000 at some point. I do not think the government should have 40 percent of that.
At 26 years of age, she is young for an entrepreneur, yet she seems to have developed quite a reputation as a bitcoin and taxation expert. She works to help citizens of other nations garner passports from countries like St. Kitts and Nevis, Antigua and Barbuda, Dominica, Grenada, St. Lucia, and various regions of the Caribbean. Many of these countries do not subject their citizens to capital gains taxes. They also offer the most visa-free travel.
She states that many of these countries make it rather easy to become citizens. While the paperwork can be a little complicated and lengthy at times, all one really needs to do is make some sort of investment in the country’s infrastructure. From there, the path becomes quite open. Ananina states:
In Saint Lucia, you can obtain citizenship by an investment of between $100K (donation), $250K (government bonds), or $300K (real estate). It is basically a donation into the sustainable growth fund of the country, so clients make a $100,000 or $150,000 donation, plus some due diligence fees, government fees, and then $20,000 for my legal fees.
She says that checks from her clients will typically fall between the $130,000 and $180,000 ranges. Ernest Marais, an attorney with the international law firm Andersen, says that the method works to bring all kinds of foreign income into the country, thereby boosting the economy and giving the nation a fighting chance in the global market. He says:
It is an attractive way to draw foreign investment and especially prominent in countries with few natural resources.
Business Keeps Getting Bigger
According to Ananina, business is booming given how popular crypto has become over the past few years. Everyone from virtually everywhere owns crypto assets, and they are doing all they can to ensure government regulators cannot claim money they did not earn. She says:
My only marketing channel is Twitter. I literally do not spend a single penny, but I am booked out three weeks ahead on consultation calls.
In various regions, crypto is treated as property rather than money, and thus like stocks, is subject to capital gains taxation should the investments boom over time.