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How the Saint Lucia Citizenship By Investment Program Can Benefit Crypto Investors Seeking a Tax Haven

  Photo by yousef alfuhigi on Unsplash Cryptocurrency investors are always on the lookout for tax-efficient solutions to minimize their tax liabilities. One option that is gaining popularity among investors is the Saint Lucia Citizenship By Investment Program. In this article, we'll explore how this program can benefit cryptocurrency investors looking for a tax haven country. Saint Lucia is a sovereign island country located in the Caribbean Sea. Its Citizenship By Investment Program (CIP) was established in 2015, allowing investors to obtain a second passport by making a qualifying investment in the country. Saint Lucia's CIP has become a popular choice for high-net-worth individuals and entrepreneurs seeking a safe haven to protect their assets and minimize their tax liabilities. Saint Lucia's second passport permits travel to 145+ global countries visa-free, including the United Kingdom, Singapore, Hong Kong, as well as the European Union countries. The Saint Lucia pass

What exactly is an NFT?

A non-fungible token is a unique and non-tradable unit of information put away on a blockchain, a type of computerized record. NFTs can be related with reproducible advanced documents, for example, photographs, recordings, and sound.

The primary effect of NFTs is making it simple to claim and sell computerized content. Beforehand, for instance, digital artists could develop enormous followings via web-based media, draw in independent business work, and perhaps sell prints and other merchandise with their plans, yet they experienced difficulty adapting advanced workmanship straightforwardly, as purchasers asked, Why would it be a good idea for me to purchase what I can screen capture free of charge?

Normally, creators (or then again, assuming you like, artists) will mint their work on a NFT commercial center, which incorporates platforms like OpenSea, SuperRare, Nifty Gateway, Foundation, and numerous others. Minting is the demonstration of making a NFT, and that implies making a smart contract that will be put away on the blockchain. The smart contract contains a great deal of significant data: it records the maker of the work and guarantees that the maker, or different gatherings, get royalties each time the NFT is sold.

However we have been examining NFTs from the perspective of artists, most of the content being printed is minted as gaming and collectibles, however, there are huge areas of NFTs where the line among collectibles and fine arts are obscured as in the contemporary, customary art world. There is a higher overall revenue to be found in works sold as art rather than as collectibles,  and so long as auction houses, collectors, and different organizations realize that it could be hard to explain the limit between those two classifications. However, 2021 remains little space for more extensive discussion as the bewildering and novel market advanced at lightning speed; 2022 may see the NFT art world and the public arriving at their own decisions.

Here are some of the top NFT marketplaces right now.

Axie Marketplace
Larva Labs/CryptoPunks
NBA Top Shot Marketplace
Nifty Gateway
Theta Drop