Taxation: the most attractive countries for expats

Hello everyone,

When planning to move abroad, whether to work or retire, you will probably consider the tax benefits it provides to expats.

In its latest report, Bradley Hackford firm published a list of the 10 most fiscally attractive destinations for individual income, namely Malta, Antigua and Barbuda, the United Kingdom, Andorra, Portugal, Mauritius, the Bahamas, Monaco, Bulgaria and the United Arab Emirates, specifically Dubai.

Note that this yearly ranking is based on several criteria, including the tax burden on individuals in the chosen destination, the quality of life, the country's legal and physical security, its geographical location, its accessibility, its centers of interest, the quality of investment programs, etc.

Malta thus tops the ranking thanks to the “non-dom resident” status which allows them to pay tax only on their income from local sources. Foreign income, for their part, are exempted from tax if not repatriated to Malta. Moreover, the investment by citizenship program allows expatriates to obtain Maltese citizenship.

Antigua and Barbuda are another choice destination thanks to the total absence of personal income tax provided expats subscribe to the investment by nationality program through an economic contribution of $ 250,000 or a real estate investment of at least $ 400,000.

In the UK, the “non-domiciled resident” allows expats not to exempted from tax on their income from foreign sources or any wealth outside the country during the first 7 years of residency.

Andorra offers, for its part, applies a 10% tax on individual income. To obtain residency, an investment of at least 350 000 euros is required and a deposit of 50 000 euros.

As regards Portugal, the “non-habitual resident” status which is valid for 10 years, allow expats to either be exempt from tax or to benefit from a specific tax regime depending on their type of income. The country is especially attractive to foreign retirees and those living on stock income.

Find out more here:

The Cayman Islands has no income tax at all for anybody, and no obligation to report any income from any source. Can't do much better than that! I can only suppose that Cayman's absence from the list is because it's not an independent nation but a British colony. The only compulsory deductions from wages are 50% of the cost of the most basic health insurance and 10% of salary to be paid into a private pension fund. The fund invests the money in the name of the employee until age 60 or when the expat retires from the territory.

As Manager of the local Chamber of Commerce, I was a central figure in a ferocious public battle against a proposed income tax in 1987, which we won so convincingly that even today the politicians are scared to risk a repeat performance. Here is a brief report of the event: … e-caymans/

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