Tax free countries in the world

The Bahamas – Offers no income tax, capital gains tax, inheritance tax, or corporate tax. The country relies heavily on tourism and import duties for revenue.

United Arab Emirates (UAE) – Known for no personal income tax. Although it introduced VAT (Value-Added Tax) in 2018, personal and capital income remain tax-free, making it highly attractive for expatriates.

Monaco – Residents do not pay personal income tax, which has made Monaco a hub for wealthy individuals.

Bermuda – Has no income tax, corporate tax, or capital gains tax. Revenue is instead generated through payroll taxes and other indirect methods.

Vanuatu – No income tax, capital gains tax, or withholding taxes. Vanuatu is popular for its investment opportunities and offshore financial services.

Cayman Islands – Well-known for being a tax haven, there is no personal income tax, capital gains tax, or corporate tax. The government raises revenue through indirect taxes like import duties.

Brunei – There is no personal income tax, and the country funds its welfare programs and public services mainly through oil and gas revenues.