The Republic of Guinea-Bissau is located in western Africa, bordering Senegal to the north, Guinea to the east and south, and the Atlantic Ocean to the west. Its capital is Bissau . Guinea-Bissau is one of the least developed countries in the world, with a very low per capita income, widespread infectious diseases, an economy dominated by agriculture and fishery, and a foreign debt of more than 900 million US dollars. In 1998, the country's economy and infrastructure were severely damaged by the civil war. At present, the domestic economy is supported by growing cashew nuts . Compared with other African brothers, living on cashew nuts is barely enough to satisfy their hunger.
As a small country, the scenery is pristine and beautiful, but it is extremely poor. Why do so many people choose such an identity?
Tax planning
Like other small countries, Guinea-Bissau has a low tax rate, no global taxation, and a lot of tax-free policies. There is no inheritance tax, real estate tax, trade tax, and even corporate tax can basically satisfy the tax exemption easily. condition. Guinea-Bissau’s national policy is to attract investment with low taxes, hoping that more capital will move to the local area to promote local economic development and increase government revenue.
Educational needs
Participate in the Overseas Chinese Students Joint Entrance Examination . In order to avoid the highly competitive college entrance examination, many people use ultra-low costs (Guinea-Bissau status) to leverage the Overseas Chinese Students' Joint Entrance Examination. Overseas Chinese themselves and their children can enjoy the "Overseas Chinese" in our country. The rights and interests of overseas Chinese and their children in employment, schooling, property protection and other aspects enacted in the Protection Law.
In order for their children to be eligible to attend international schools, many parents prepare overseas status so that their children can meet the requirements and be able to easily study abroad or participate in interviews for international students in the future.
Business and trade
China-Africa bilateral trade totaled US$254.3 billion in 2021, a year-on-year increase of 35.3%. From January to September 2021, my country's direct investment in all African industries was US$2.59 billion, a year-on-year increase of 9.9%, which has exceeded the level of the same period in 2019 before the epidemic. Africa's economy is growing rapidly and has entered a gold rush period for capital. In order to deepen trade with Africa, many people will prepare a low-cost African identity for business and trade activities in and out of Africa.
Traditional burial
Some families prefer burial because of their traditional ideas. Some areas have corresponding policies that can provide burial treatment for returned overseas Chinese. In order to meet the conditions, low-cost small country status is chosen to fulfill this requirement.
