country without capital gains tax<\/a>. Dividends, capital gains and other income, like salaries from abroad are tax-free as well..<\/p>\n\n\n\nYou\u2019ll find the dual-island nation between the Atlantic Ocean and Caribbean Sea. Known for its mountainous backdrop and beaches, establishing tax-free citizenship here is relatively easy and can take less than a year to complete.<\/p>\n\n\n\nCompared to other places, the cost of their citizenship by investment programme is quite low. Getting a passport requires a donation of $150,000 to the Sustainable Growth Fund or an investment of at least $200,000 in a government-approved real estate project.<\/p>\n\n\n\n
With a moderate cost of living, impressive natural beauty and good air links to Europe and North America, this tiny dot in the middle of the ocean could be the tax-free home of your dreams.<\/p>\n\n\n\n
<\/span>Turks and Caicos Islands<\/span><\/h3>\n\n\n\n\nPopulation: ~45,000 (2021)<\/li>\n\n\n\n Income Rate: 0%<\/li>\n\n\n\n Corporate Rate: 0%<\/li>\n\n\n\n Sales Rate: 0%<\/li>\n\n\n\n Payroll Rate: 0%<\/li>\n\n\n\n Social Security: 10%<\/li>\n<\/ul>\n\n\n\nAn archipelago of low-lying coral islands, Turks and Caicos lies southeast of the Bahamas in the Atlantic ocean. Once independent, internal problems later brought them back under the control of the United Kingdom.<\/p>\n\n\n\n
Interestingly, where other countries grew into their tax haven status, the TCI came about as a result of a UK government-sponsored study in 1970. Possibly the world\u2019s only openly intentional ‘offshore finance centre’, they subsequently put legislative measures in place to support this aim.<\/p>\n\n\n\nA temporary residence permit can be obtained for those interested in residing in the islands without the right to work. An investment of $500,000 must be made in Providenciales and West Caicos, or $250,000 on any of the other islands. Permits cost $1,500 and must be renewed annually.<\/p>\n\n\n\n
Permanent residency is available for those who have been legal residents for over 10 years.<\/p>\n\n\n\n
Moving to Turks and Caicos is not without its perks. Residents enjoy an average of 350 days of sunshine annually as well as direct flights to cities throughout Canada and the US.<\/p>\n\n\n\n
<\/span>Saint Barth\u00e9lemy<\/span><\/h3>\n\n\n\n\nPopulation: ~9,900 (2017)<\/li>\n\n\n\n Income Rate: 0%<\/li>\n\n\n\n Corporate Rate: 15%<\/li>\n\n\n\n Sales Rate: 0%<\/li>\n\n\n\n Payroll Rate: 0%<\/li>\n\n\n\n Social Security: 9.2%<\/li>\n<\/ul>\n\n\n\nA French-speaking Caribbean island commonly known as St. Barts, Saint Barth\u00e9lemy is renowned for its impeccable beaches and designer shops.<\/p>\n\n\n\n
If you\u2019re an EU citizen, you\u2019re free to live and work on the island.<\/p>\n\n\n\nTourists from the United States and Canada can visit for up to three months without a visa. If you\u2019re from elsewhere you may need a French visa to gain entry. <\/p>\n\n\n\n
In order to become a resident for tax purposes, you\u2019ll need to spend at least six months of each year on St. Barts.<\/p>\n\n\n\n
One downside for French citizens is that they need to pay French income taxes for their first 5 years of residency.<\/p>\n\n\n\n
<\/span>United Arab Emirates<\/span><\/h3>\n\n\n\n\nPopulation: ~9,981,000 (2021)<\/li>\n\n\n\n Income Rate: 0%<\/li>\n\n\n\n Corporate Rate: Up to 55%<\/li>\n\n\n\n Sales Rate: 5% (VAT)<\/li>\n\n\n\n Payroll Rate: 12.5%<\/li>\n\n\n\n Social Security: 5%<\/li>\n<\/ul>\n\n\n\nThe United Arab Emirates is an elective monarchy formed from a federation of seven emirates, of which Dubai and Abu Dhabi are the two most well known.<\/p>\n\n\n\n
Named one of the freest economies in the world by the Index of Economic Freedom, the UAE\u2019s openness to trade and low taxes make it an appealing place to live and work.<\/p>\n\n\n\nLike its neighbours, the Emirates enjoys considerable wealth from oil exports. Wealth it generously passes onto its residents in the form of a tax-free lifestyle.<\/p>\n\n\n\n
The government encourages foreign investment and the country is extremely liveable, making it a good choice if you\u2019re looking to relocate.<\/p>\n\n\n\n
While it\u2019s easier to obtain residency than many other Gulf countries, settling in the UAE does require a considerable amount of money. You need to invest at least 10 million AED (about $2.7 million) to be eligible for a ten-year residency visa.<\/p>\n\n\n\n
<\/span>Vanuatu<\/span><\/h3>\n\n\n\n\nPopulation: ~307,000 (2021)<\/li>\n\n\n\n Income Rate: 0%<\/li>\n\n\n\n Corporate Rate: 0%<\/li>\n\n\n\n Sales Rate: 12.5% VAT<\/li>\n\n\n\n Payroll Rate: 0%<\/li>\n\n\n\n Social Security: 4%<\/li>\n<\/ul>\n\n\n\nConsidered by many to be a small piece of paradise in the Pacific Ocean, Vanuatu is especially popular with retirees. Obtaining residence here is relatively easy and not as expensive as many other potential tax-free destinations.<\/p>\n\n\n\n
The government re-introduced its citizenship by investment programme to help raise funds to rebuild the damage following a devastating cyclone in 2015. CBI is available to applicants willing to invest $130,000 or more into a local development fund.<\/p>\n\n\n\nWhile it may sound appealing to move here, it\u2019s worth noting that no physical residency is required in order to gain Vanuatu citizenship. Vanuatu’s passport has gained considerable strength in recent years, offering visa-free travel to 98 countries around the globe.<\/p>\n\n\n\n
The only potential downside to Vanuatu is access. Getting there isn’t as difficult as some other locations on this list, but it’s not as well connected as many high net worth individuals are looking for.<\/p>\n\n\n\n
<\/span>Vatican City State<\/span><\/h3>\n\n\n\n\nPopulation: ~825 (2021)<\/li>\n\n\n\n Income Rate: 0%<\/li>\n\n\n\n Corporate Rate: 0%<\/li>\n\n\n\n Sales Rate: 0%<\/li>\n\n\n\n Payroll Rate: 0%<\/li>\n\n\n\n Social Security: 0%<\/li>\n<\/ul>\n\n\n\nThe Pope isn\u2019t looking for roommates. ????????<\/p>\n\n\n\n
If he was, the Vatican City would be an interesting proposition. Located in Rome, the capital city of Italy, it’s extremely well connected to the rest of the world, and just as well kept.<\/p>\n\n\n\n
Of course, only high ranking members of the Catholic Church and members of the Swiss Guard will ever have a chance to become residents of Europe\u2019s smallest state.<\/p>\n\n\n\nYou can at least visit the Vatican City. While you don\u2019t need a visa to enter, the dress code is fairly strict. When you enter the facilities, you’ll soon discover one of many non-tax sources of revenue. Admission, tours, collectible coins and stamps, publications and more, all contribute.<\/p>\n\n\n\n
Of course, this doesn’t account for donations, or ‘other financial projects’<\/a>.<\/p>\n\n\n\n<\/span>Wallis and Futuna<\/span><\/h3>\n\n\n\n