Nov 24, 2023, 06:38 AM IST
Obtaining citizenship is not mandatory for enjoying a tax-free life in The Bahamas.
Panama is a Central American country with tax-saving laws and an extremely flexible legal structure that make it a coveted tax haven.
The Cayman Islands are a tax haven in the Caribbean Sea. Apart from having no income tax, this country also has no payroll, capital gains and withholding tax.
Dominica charges no tax on income. There are no corporate, estate or withholding taxes in this nation.
There is no tax on investment income, capital gains, dividends or directors' fees in Monaco. There is no wealth tax or property tax.
Qatar does not impose income tax on an individual’s allowances, salaries and wages.
UAE is a tax-free country and apart from having no tax implications on personal income, it has no obligations for tax registration or reporting.