13 Best Countries With Zero Or Less Income Tax On Foreign Investments
There are some other countries with no VAT, property or income tax. It's worth mentioning, though, that some offer citizenship by investment. You can obtain residency by investment in some of them, but it is usually a lot more expensive. Moreover, not all these countries are advisable to live in or even visit.
The Cayman Islands
The Cayman islands have a warm tropical climate, many international companies, and good healthcare. There is no corporate tax and VAT is 0%.
Property taxes include stamp duty at 7.5%. Citizenship is not possible but residency can be obtained by investment from $2.4 million.
Bermuda has a humid subtropical climate, nice beaches and expensive groceries. Bermuda is an even more attractive Caribbean income-tax-free destination, however, it is also a much more expensive country to live. Its relatively isolated location makes Bermuda one of the most expensive living spots in the Western world.
Bahrain has mild winters and hot summers. Almost half of the population are expats and 70% of the population is Muslim so respect for religious practices and local customs is required.
Located on the French Riviera, Monaco has extensive, well-developed marinas that are usually occupied by a selection of yachts from around the world.
Monaco is well-known as a perennial vacation playground for ultra-high-net-worth European elite individuals. It has long been considered one of the most beautiful, luxurious, and one of the most expensive places to live in the world.
Kuwait is a relatively safe country with a dry, hot climate, and strong Muslim traditions. Corporate income tax is 15%, VAT is 0%, but there are plans to introduce 5% VAT in 2023.
There are no property taxes and citizenship or residency is not possible to obtain.
Qatar has a hot climate with quite strict Muslim traditions regarding dressing, public displays of affection, and drinking alcohol.
Corporate income tax is at 10%, VAT is 0% but there are plans to introduce 5% VAT in 2023, and property fees are levied on lease registrations. Citizenship and residency is not possible to obtain.
The Bahamas is a famous Caribbean island with warm climate, go with the flow attitude and a large expat community.
Enjoying the benefit of not having to pay income taxes in the Bahamas depends on residency, not on actually obtaining citizenship, making it one of the easier countries in which to access an income tax-free life.
Brunei has a hot and wet climate. It is a Muslim country and respect for religious practices and local customs is required.
Corporate income tax is 18.5%, VAT is 0%, and property taxes vary depending on the municipality. Citizenship and residency is not possible to obtain.
Located in the Pyrenees mountains between France and Spain, Andorra enjoyed a reputation for many years as a tax haven that did not impose personal income taxes.
That changed in 2015 when the country introduced a scalable tax rate capped at 10% for individuals making over 40,000 euros each year.
Antigua and Barbuda
Antigua and Barbuda is a beautiful island state with pink and white sand beaches, coral reefs and blue lagoons. Apart from zero income tax, in Antigua and Barbuda, individuals are also free from paying taxes on wealth, capital gains, and inheritance.
United Arab Emirates
There are a number of oil countries in the Middle East that have no income or corporate tax, and the UAE is considered one of the most attractive with a relatively stable government and economy.
Vanuatu has the fastest citizenship program and the second passport can be obtained in 1-3 months by investing from $130,000. There are no taxes on personal income, inheritance, capital gains, and capital export for individuals.
Saint Kitts and Nevis
Saint Kitts and Nevis islands are famous for their picturesque nature: mountains, rainforests, and beautiful beaches with black volcanic sand. Travelers go to St Kitts and Nevis to sunbathe, dive, go on a yacht along the coasts and try local foods.