commit dda4130c7465ef522148b511a8c06e0035bf7dca Author: samiramancini4 Date: Fri Jun 20 02:42:55 2025 +0800 Add Where to Move so you do not Need to Pay ANY Income Tax diff --git a/Where-to-Move-so-you-do-not-Need-to-Pay-ANY-Income-Tax.md b/Where-to-Move-so-you-do-not-Need-to-Pay-ANY-Income-Tax.md new file mode 100644 index 0000000..d474579 --- /dev/null +++ b/Where-to-Move-so-you-do-not-Need-to-Pay-ANY-Income-Tax.md @@ -0,0 +1,75 @@ +
The American polymath Benjamin Franklin memorably said there is 'absolutely nothing specific but death and taxes' - but there are a couple of locations worldwide where you can prevent paying [earnings](https://propertyexpresspk.com) tax.
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The super-rich have actually long cashed in on this, however more individuals are being tempted by the lure of lower-tax jurisdictions for long-lasting wealth preservation.
[arlingtonhousing.com](http://arlingtonhousing.com/) +
Yet off-shore moving is no longer the preserve of the ultra-wealthy.
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' Remote work, double citizenship, international hiring patterns - they have actually all decreased the barriers,' states Nigel Green, CEO of deVere Group, a financial advisory and property management firm. 'If [ambitious individuals] are not being rewarded in your home, they're progressively comfortable checking out alternatives abroad.'
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In the UK, current fiscal grenades consist of completion of non-dom regime and inheritance tax breaks on assets held in abroad trusts, plus a freeze on income tax thresholds that has actually pressed more individuals into higher tax brackets up until a minimum of 2028. Meanwhile, the plan to include pensions as part of estate tax from April 2027 is presently in the proposal stage.
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The result? The UK has actually lost more billionaires in the previous year than at any other time in history.
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Some will look to countries such as Italy, Greece or Switzerland providing flat-tax routines, while others will consider low-tax jurisdictions such as Barbados or Cyprus.
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But where will you pay no individual earnings tax at all? Here are six of the finest locations to consider:
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UNITED ARAB EMIRATES
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If you don't want glitzy Dubai there's the calmer Emirati capital Abu Dhabi with its fast-developing cultural island, Saadiyat
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Banks, global schools, construction, hospitality, healthcare and engineering are all bring in a wave of British expats - an approximated 240,000 live there now
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Job opportunities, fantastic environment and more skyscraper-lined vistas you can shake a selfie-stick at, the UAE is quite in demand for its lifestyle and tax benefits.
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There is no personal income tax on wages, financial investments, or rental earnings made within the nation, there is no capital gains tax (CGT), inheritance tax, wealth tax or yearly tax on worldwide assets.
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If you don't want glitzy Dubai there's the calmer Emirati capital Abu Dhabi with its fast-developing cultural island, Saadiyat, but they both offer beaches, high-class facilities, healthcare and education.
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The UAE can offer business owners what they are failing to find in the UK: security, financial growth, a pro-business environment and regulative certainty.
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Setting up a company is an easy route to residency, including in one of Free Zones, where expats can have 100 per cent ownership without the requirement for a regional partner or investor.
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There are also abundant visa options including 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 wanderer and freelance visas.
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Banks, global schools, building and construction, hospitality, health care and engineering are all attracting a wave of British expats - an estimated 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 typical expense of living is 15 percent less than the UK - plus extreme summertime temperatures, traffic congestion and UAE's stringent laws and cultural customizeds will not suit everyone.
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BAHAMAS. +Much closer to Florida than South America, the Bahamas offers a far more vibrant environment than the essential Caribbean islands - and no earnings, capital gains or estate tax.
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The Bahamas uses a stable economy combined with remote pink-sand beaches, reef and superb sailing
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Britons like it too - around 4,100 live there (there's a direct eight-hour flight to the UK), and numerous have actually set up in Nassau on the island of New Providence
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This Atlantic Ocean archipelago, with an American twist, provides a stable economy integrated with secluded pink-sand beaches, reef and excellent cruising.
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Privacy, security and way of life make it a favourite location for numerous North American billionaires. But start-ups, crypto and fintech financiers are likewise being drawn to its capital, Nassau.
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In addition to the global jet set, international brands and conveniences have actually gotten here: Nobu, Starbucks, Amazon deliveries, Michelin-starred restaurants - and it's only a half-hour flight to much 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), numerous have established in Nassau on the island of New Providence - the expat center with most of the global schools and cultural institutions. Or Freeport on Grand Bahama is more laid-back.
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Those who invest a minimum of $1million (₤ 741,000) on a home, financial contribution or financial investment in a critical sector can protect long-term residency - it's hard to get a work permit otherwise. Perhaps the simplest choice? The one-year Bahamas digital nomad visa (BEATS), which, unusually for such plans, includes no minimum earnings requirement.
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Aside from the danger of cyclones - 2019's Dorian ravaged the Abaco islands and Grand Bahama - the biggest downside is the high expense of living, which is 27 per cent more than in the UK according to numbeo.com, with lease costs that are 30 percent greater 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 dozens of sports stars, global businessmen and F1 drivers, Monaco is the small tax sanctuary that's just a seven-minute helicopter trip from Nice Airport on the French Riviera.
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The summertime play areas of Cap-Ferrat, Cannes and Saint-Tropez are all within simple reach by supercar or one's luxury yacht moored in Port Hercule, listed below the [Monegasque cityscape](https://sinva.vn) of high-rises.
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A favoured base for dozens of stars, international business people and F1 drivers, Monaco is the small tax haven that's just a seven-minute helicopter ride from Nice Airport
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From high-end shopping to Michelin-starred restaurants, gambling establishments and beach clubs, the principality has more millionaires per square metre than anywhere else (and [high-profile](https://www.homesofrockies.com) people enjoy its high security and rigorous personal privacy laws). More than 2,800 Britons call it home.
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Of course they all like it's the lack of income tax, wealth tax and capital gains tax, and the truth that when handing down properties, partners and kids do not pay inheritance or gift tax.
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To get long-term residency in Monaco you'll need to deposit a minimum of EUR500,000 (₤ 421,000) into among its banks and purchase or lease residential or commercial property in Monaco. Non-EU nationals require to get a French long-stay visa before obtaining a Monaco residency authorization.
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These benefits do not come low-cost. The cost of living is 127 percent higher than in the UK, groceries are 70 percent more, dining establishments 50 per cent more expensive and lease is an eye-watering 705 per cent more, according to numbeo.com.
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You can discover a studio apartment to purchase for around EUR1million (₤ 842,000), but that's all you need for your [tax-base -](https://terrenospuertomorelos.com) lots of deep-pocketed new arrivals are likewise 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 transform its economy, Saudi Arabia is opening as much as foreign financial [investment](https://basha-vara.com).
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If you are comfy about its human rights record, strict laws (alcohol is prohibited) and social conservatism, not to point out the searing heat, then a tax-free high wage for a number of years might be a big sufficient pull.
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Yes, there's absolutely no individual income tax, however you won't 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 change its economy, Saudi Arabia is opening approximately foreign financial investment
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Around 26,000-30,000 Britons reside in the Kingdom, mainly in compounds in Riyadh and Jeddah
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Estate representatives 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](https://basha-vara.com) - and there's strong demand for engineering, building, IT and health care employees.
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A crucial aspect of this is that the Saudi federal government is making it easier for immigrants to acquire residential or commercial property - a brand-new Freehold Law is being drafted that will unlock to purchase off-plan residential or commercial properties.
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In 2015, Saudi Arabia expanded its own version of a 'golden visa' - its Premium Residency scheme - that can offer residency if you are not sponsored by an employer. This is open to those with special skills, financiers and business owners. You can likewise 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 live in the Kingdom, primarily in substances in Riyadh and Jeddah, however new [holiday resort-style](https://glorycambodia.com) developments have actually been developed, although rental rates can be high. In Sedra, a popular neighborhood in Riyadh by ROSHN Group, a five-bedroom rental property is being [marketed](https://landpointgroup.com) at SAR 160,000 per year (₤ 31,600).
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The cost of living is around 35 per cent lower than in the UK, according to numbeo.com, but many expats get generous housing and private healthcare plans. The international schools are expanding quickly, 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 desire the searing heat of the Middle East and prefer the relaxed pace of a Caribbean island, Bermuda is a long-time favourite for British expats
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The high cost of living will soak up a few of the tax advantages. A two-bed townhouse in Paget might cost $7,800 (₤ 5,785) a month to rent
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If you do not want the searing heat of the Middle East and choose the unwinded pace of a Caribbean island, Bermuda - a long-time favourite with British expats - could be for you.
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Britons are the biggest group of non-Bermudians in the British Overseas Territory, numbering 3,942, according to the last census. While households gravitate to Hamilton for the international schools, the central parish of Paget uses homes a short stroll from pink-sand beaches
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Security, security and a high standard of living are the pulls - plus the temptation of no income tax or capital gains tax. Life focuses on the beach, barbecues and weekend boat celebrations - and it's only 2 hours to New york city for a weekend culture fix.
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Less enticing are the high customs tasks that makes purchasing items costly, the limitations of small-island life (some find it boring) - and high cost of living.
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You can go to Bermuda without a visa for up to 180 days in any 12-month duration, but if you desire to work in Bermuda, you should get a job offer and work allow before you go into the nation. There are specific chances for business owners and fintech companies. There's also a 1 year 'Work from Bermuda' digital nomad visa, however job opportunity on the island are restricted.
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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 buy residential or commercial properties valued above a minimum Annual Rental Value (ARV), so only higher-value residential or commercial properties. The existing ARV is $126,000 (₤ 93,453) for [houses -](https://alamrealty.com) but is because of be examined on July 1 this year. This quantity equates to around $3million (₤ 2.2 million) for homes and $600,000 (₤ 445,000) for condominiums, according to Sotheby's International Real estate. [Foreigners](https://bedsby.com) need to request a licence to purchase.
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The high cost of living will absorb a few of that tax benefit. A in Paget might cost $7,800 (₤ 5,785) a month to rent - leas are 215 per cent higher than the UK, according to numbeo.com, although basic cost of living is just 97 percent more.
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CAYMAN ISLANDS
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Like Bermuda, the Cayman Islands likewise has tax advantages: no corporation, income, 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 way of life simply 90 minutes south of Miami.
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A high standard of living coupled with low criminal offense rate and Caribbean environment suggests an expat way of [life revolving](https://onedayproperty.net) around brunches, boat parties and barbecues, with much of this centred around Seven-Mile Beach and west of George Town, the greatest town and service center of the three Cayman Islands.
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Find out more
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EXCLUSIVE
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How to move to Qatar: Offering high wages, tax benefits and year-round sunshine
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Why pick Cayman over [Bermuda](https://homematch.co.za)? Some say Cayman's scenery is less [excellent](https://proflexuae.com) however the Cayman way of life is better, particularly the foodie scene centred about Grand Cayman. Others state that while the cost 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 likewise has tax benefits: no corporation, earnings, 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 consisting of a work license from an employer or the digital nomad visa, the Global Citizen Concierge Program, which needs a minimum salary of $100,000 (₤ 74,242) however lasts 2 years.
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There are other paths through large types of 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 gives you long-term residency (plus independent funds) but not the right to work.
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Foreigners can buy residential or commercial property but stamp duty at 7.5 per cent is high. You can buy a clever two-bedroom house for ₤ 350,000-₤ 400,000 around George Town or lease a one-bedroom condominium for around ₤ 2,300 a month.
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Downsides consist of small-island mindset, few employment options and high electrical energy and home insurance coverage bills - all that said, the typhoon threat is low.
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Dubai
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