5 places you can live tax-free

For those looking to maximize their income and enjoy a luxurious lifestyle, tax-free living can be an enticing option. Here are five destinations, including Monaco and the Bahamas, where you can live without the burden of personal income tax.

Pravrajya Suruchi | Updated: Jul 27, 2024, 08:17 PM IST

1

Known for its luxurious lifestyle and beautiful Mediterranean coastline, Monaco offers zero personal income tax, making it a haven for wealthy individuals.

2

 The Bahamas not only boasts stunning beaches and a relaxed lifestyle but also offers no income tax, making it an attractive destination for expats.

3

 Particularly in Dubai and Abu Dhabi, the UAE offers a modern lifestyle with no personal income tax. It's a growing hub for international business.

4

 Bermuda combines beautiful island living with no personal income tax. It’s ideal for those looking to enjoy a slower pace of life with financial benefits.

5

 Known for its financial services industry, the Cayman Islands offer no income, capital gains, or wealth tax, attracting both individuals and businesses.