From 556d1245d3c3ea15cf65fb443f616393d2288b84 Mon Sep 17 00:00:00 2001 From: katherinw07865 Date: Tue, 19 Aug 2025 06:38:01 +0800 Subject: [PATCH] Add Where to Move so you do not have to Pay ANY Income Tax --- ...o-you-do-not-have-to-Pay-ANY-Income-Tax.md | 75 +++++++++++++++++++ 1 file changed, 75 insertions(+) create mode 100644 Where-to-Move-so-you-do-not-have-to-Pay-ANY-Income-Tax.md diff --git a/Where-to-Move-so-you-do-not-have-to-Pay-ANY-Income-Tax.md b/Where-to-Move-so-you-do-not-have-to-Pay-ANY-Income-Tax.md new file mode 100644 index 0000000..612654d --- /dev/null +++ b/Where-to-Move-so-you-do-not-have-to-Pay-ANY-Income-Tax.md @@ -0,0 +1,75 @@ +
The American polymath Benjamin Franklin memorably said there is 'nothing specific but death and taxes' - but there are a few locations on the planet where you can prevent paying earnings tax.
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The super-rich have long capitalized this, however more individuals are being tempted by the lure of lower-tax jurisdictions for long-lasting wealth conservation.
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Yet off-shore relocation is no longer the preserve of the ultra-wealthy.
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' Remote work, double citizenship, international working with patterns - they have actually all decreased the barriers,' states Nigel Green, CEO of deVere Group, a monetary advisory and property management firm. 'If [enthusiastic individuals] are not being rewarded at home, they're increasingly comfortable exploring alternatives abroad.'
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In the UK, recent financial grenades consist of completion of non-dom program and inheritance tax breaks on properties kept in abroad trusts, plus a freeze on earnings tax limits that has pushed more individuals into greater tax brackets until at least 2028. Meanwhile, the plan to consist of pensions as part of estate tax from April 2027 is presently in the proposition phase.
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The outcome? The UK has lost more billionaires in the past year than at any other time in history.
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Some will seek to nations such as Italy, Greece or Switzerland providing flat-tax programs, while others will think about low-tax jurisdictions such as Barbados or Cyprus.
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But where will you pay no personal income tax at all? Here are six of the very best places to consider:
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UNITED ARAB EMIRATES
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If you do not want flashy Dubai there's the calmer Emirati capital Abu Dhabi with its fast-developing cultural island, Saadiyat
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Banks, global schools, building, hospitality, health care and engineering are all attracting a wave of British expats - an estimated 240,000 live there now
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Job chances, excellent environment and more skyscraper-lined vistas you can shake a selfie-stick at, the UAE is really much in need for its way of life and tax advantages.
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There is no individual earnings tax on wages, financial investments, or rental earnings made within the nation, there is no capital gains tax (CGT), inheritance tax, [wealth tax](https://turska.tropicanasummer.rs) or annual tax on worldwide possessions.
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If you do not desire glitzy Dubai there's the calmer Emirati capital Abu Dhabi with its fast-developing cultural island, Saadiyat, however they both offer beaches, high-class facilities, healthcare and education.
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The UAE can give business owners what they are failing to discover in the UK: safety, economic growth, a pro-business environment and regulatory certainty.
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Setting up a company is a simple path to residency, consisting of in one of Free Zones, where expats can have 100 percent ownership without the requirement for a local partner or investor.
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There are also plentiful visa options consisting of the 10-year golden visa that needs you to invest or acquire a residential or commercial property for a minimum of AED 2million (₤ 439,000), digital nomad and freelance visas.
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Banks, global schools, construction, hospitality, healthcare and engineering are all attracting a wave of British expats - an approximated 240,000 live there now.
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Major deterrents consist of the high expense of housing - leas can be more than in the UK, although the UAE average expense of living is 15 percent less than the UK - plus extreme summer temperatures, traffic jams and UAE's stringent laws and cultural customs won't match everyone.
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BAHAMAS. +Much closer to Florida than South America, the Bahamas uses a a lot more vibrant environment than the essential Caribbean islands - and no earnings, capital gains or inheritance taxes.
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The Bahamas offers a steady economy integrated with remote pink-sand beaches, coral reefs and excellent cruising
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Britons like it too - around 4,100 live there (there's a direct eight-hour flight to the UK), and lots of have actually set up in Nassau on the island of New Providence
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This Atlantic Ocean island chain, with an American twist, offers a [steady economy](https://cabana.villas) integrated with remote pink-sand beaches, reef and exceptional sailing.
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Privacy, security and way of life make it a [favourite location](https://setiaskyvista.com) for many North American billionaires. But start-ups, crypto and fintech investors are likewise being drawn to its capital, Nassau.
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Together with the worldwide jet set, international brands and benefits have actually shown up: Nobu, Starbucks, Amazon shipments, Michelin-starred restaurants - and it's just a half-hour flight to numerous more in Miami.
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But Britons like it too - around 4,100 live there (there's a direct eight-hour flight to the UK), lots of have established in Nassau on the island of New Providence - the expat hub with the majority of the global schools and cultural institutions. Or Freeport on Grand Bahama is more easygoing.
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Those who spend at least $1million (₤ 741,000) on a home, financial contribution or investment in a vital sector can protect irreversible residency - it's difficult to get a work license otherwise. Perhaps the simplest option? The one-year Bahamas digital nomad visa (BEATS), which, abnormally for such plans, includes no minimum earnings requirement.
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Aside from the threat of typhoons - 2019's Dorian devastated the Abaco islands and Grand Bahama - the most significant disadvantage is the high expense of living, which is 27 per cent more than in the UK according to numbeo.com, with lease rates that are 30 percent higher than the UK.
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You'll pay $3,200 (₤ 2,371) a month for a modest two-bedroom home on among New Providence's gated communities.
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MONACO. +A favoured base for lots of sports stars, international business people and F1 drivers, Monaco is the tiny tax sanctuary that's simply a seven-minute helicopter trip from Nice Airport on the French Riviera.
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The summer season play grounds of Cap-Ferrat, Cannes and Saint-Tropez are all within simple reach by supercar or one's private yacht moored in Port Hercule, below the Monegasque cityscape of high-rises.
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A favoured base for lots of stars, global business people and F1 drivers, Monaco is the small tax sanctuary that's just a [seven-minute](https://rentcombo.com) helicopter ride from Nice Airport
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From high-end shopping to Michelin-starred dining establishments, gambling establishments and beach clubs, the principality has more millionaires per square metre than anywhere else (and prominent individuals love its high security and strict privacy laws). More than 2,800 Britons call it home.
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Of course they all enjoy it's the lack of earnings tax, wealth tax and capital gains tax, and the reality that when handing down properties, spouses and children do not pay inheritance or present tax.
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To get long-term residency in Monaco you'll require to deposit a minimum of EUR500,000 (₤ 421,000) into one of its banks and purchase or rent residential or commercial property in Monaco. Non-EU nationals [require](https://terrenospuertomorelos.com) to get a French long-stay visa before applying for a Monaco residency permit.
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These benefits do not come cheap. The expense of living is 127 percent higher than in the UK, groceries are 70 percent more, dining establishments 50 per cent [costlier](http://new.ongreenlakerentals.com) and lease is an eye-watering 705 percent more, according to numbeo.com.
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You can discover a small home to buy for around EUR1million (₤ 842,000), but that's all you need for your tax-base - numerous deep-pocketed brand-new arrivals are also purchasing a bigger residential or commercial property over the border with France, according to Cote d'Azur Sotheby's International Real estate.
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SAUDI ARABIA. +In the run-up to Saudi hosting the FIFA World Cup in 2034, and as part of its Vision 2030 to change its economy, Saudi Arabia is opening approximately foreign financial investment.
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If you are comfy about its human rights record, strict laws (alcohol is prohibited) and social conservatism, not to mention the searing heat, then a tax-free high wage for a number of years may be a big sufficient pull.
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Yes, there's zero personal earnings tax, but you will not discover the beach clubs or bottomless-brunch culture that you would in Dubai.
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In the run-up to Saudi hosting the FIFA World Cup in 2034, and as part of its Vision 2030 plan to transform its economy, Saudi Arabia is opening as much as foreign financial investment
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Around 26,000-30,000 Britons live in the Kingdom, mainly in substances in Riyadh and Jeddah
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Estate agents report that lots of expats are moving from Dubai to Saudi for incomes that are 25 per cent more than its GCC (Gulf Cooperation Council) neighbour - and there's strong demand for engineering, building and construction, IT and healthcare workers.
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An essential aspect of this is that the Saudi government is making it simpler for immigrants to buy residential or commercial property - a new Freehold Law is being prepared that will open the door to buy off-plan residential or commercial properties.
[clevelandhousing.com](http://clevelandhousing.com/) +
In 2015, Saudi Arabia expanded its own version of a 'golden visa' - its [Premium Residency](https://rentinbangkok.com) plan - that can provide residency if you are not sponsored by an employer. This is open to those with special skills, investors and entrepreneurs. You can also invest more than SAR 4million (₤ 790,000) in a residential or commercial property, or make a one-off payment of SAR 800,000 (₤ 158,000).
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Around 26,000-30,000 Britons reside in the Kingdom, generally in substances in Riyadh and Jeddah, but brand-new vacation resort-style advancements have been developed, although rental rates can be high. In Sedra, a popular [neighborhood](https://rentify.ng) in Riyadh by ROSHN Group, a five-bedroom rental property is being marketed at SAR 160,000 per year (₤ 31,600).
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The expense of living is around 35 percent lower than in the UK, according to numbeo.com, however many expats get generous housing and private healthcare plans. The worldwide schools are broadening quick, with Sherborne School Jeddah (a branch of the UK independent school) opening this year.
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BERMUDA
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If you do not want the searing heat of the Middle East and prefer the unwinded pace of a Caribbean island, Bermuda is a veteran favourite for British expats
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The high expense of living will soak up a few of the tax benefits. A two-bed townhouse in Paget may cost $7,800 (₤ 5,785) a month to lease
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If you do not desire the searing heat of the Middle East and prefer the unwinded tempo of a Caribbean island, Bermuda - a long-time favourite with British expats - might be for you.
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Britons are the greatest group of non-Bermudians in the British Overseas Territory, numbering 3,942, according to the last census. While families gravitate to Hamilton for the global schools, the main parish of Paget provides homes a short stroll from pink-sand beaches
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Security, safety and a high standard of life are the pulls - plus the temptation of no income tax or capital gains tax. Life revolves around the beach, barbecues and weekend boat parties - and it's just two hours to New york city for a weekend culture repair.
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Less appealing are the high customizeds tasks that makes purchasing goods pricey, the constraints of small-island life (some find it dull) - and high expense of living.
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You can go to Bermuda without a visa for as much as 180 days in any 12-month duration, however if you wish to operate in Bermuda, you need to get a task deal and work allow before you go into the nation. There specify chances for business owners and fintech companies. There's likewise an one-year 'Work from Bermuda' digital nomad visa, however employment opportunities on the island are limited.
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Britons are the most significant group of non-Bermudians in the British Overseas Territory, numbering 3,942, according to the last census
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Foreigners can only purchase residential or commercial properties valued above a minimum Annual Rental Value (ARV), so just higher-value residential or commercial properties. The existing ARV is $126,000 (₤ 93,453) for houses - but is due to be examined on July 1 this year. This quantity equates to around $3million (₤ 2.2 million) for houses and $600,000 (₤ 445,000) for condominiums, according to Sotheby's International Real estate. Foreigners need to request a licence to .
[realtor.com](https://www.realtor.com/realestateandhomes-search/Calabash_NC) +
The high cost of living will take in some of that tax advantage. A two-bed townhouse in Paget might cost $7,800 (₤ 5,785) a month to lease - rents are 215 per cent greater than the UK, according to numbeo.com, although general cost of living is just 97 per cent more.
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CAYMAN ISLANDS
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Like Bermuda, the Cayman Islands likewise has tax benefits: no corporation, earnings, capital gains or estate tax
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Like Bermuda, the Cayman Islands is a British Overseas Territory using a tax-free and beachside lifestyle just 90 minutes south of Miami.
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A high requirement of living combined with low criminal offense rate and Caribbean climate means an expat way of life focusing on breakfasts, boat parties and barbecues, with much of this [centred](https://asmauburn.com) around Seven-Mile Beach and west of George Town, the biggest town and business center of the three Cayman Islands.
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Find out more
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EXCLUSIVE
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How to [relocate](https://www.seasideapartments.co.za) to Qatar: Offering high earnings, tax advantages and year-round sunshine
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Why select Cayman over Bermuda? Some say Cayman's surroundings is less impressive however the Cayman way of life is much better, particularly the foodie scene centred about Grand Cayman. Others say that while the expense of living is high in Cayman (it's still 41 percent more than in the UK) it's lower than Bermuda.
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It also has tax benefits: no corporation, income, capital gains or estate tax.
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Britons can keep up to 180 days without a visa then there are numerous paths to residency including a work license from a company or the digital wanderer visa, the Global Citizen Concierge Program, which needs a minimum wage of $100,000 (₤ 74,242) however lasts 2 years.
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There are other paths through hefty types of financial investment including a Certificate of Direct Investment (minimum KYD 1million/ ₤ 906,000). Or spending at least KYD 2million (₤ 1.8 million) on a residential or commercial property offers you long-term residency (plus independent funds) however not the right to work.
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Foreigners can acquire residential or commercial property however stamp responsibility at 7.5 percent is high. You can buy a clever two-bedroom home for ₤ 350,000-₤ 400,000 around George Town or lease a one-bedroom apartment for around ₤ 2,300 a month.
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Downsides consist of small-island mindset, few work choices and high electrical power and home insurance bills - all that said, the typhoon threat is low.
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Dubai
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