parent
801e2cb93a
commit
957b2687b0
@ -0,0 +1,75 @@ |
||||
[baidu.com](http://zhidao.baidu.com/question/211643060407220845.html)<br>The American polymath [Benjamin](https://mcsold.ca) Franklin memorably stated there is 'absolutely nothing certain however death and taxes' - but there are a few locations on the planet where you can avoid paying income tax.<br> |
||||
<br>The super-rich have long capitalized this, but more people are being lured by the lure of lower-tax jurisdictions for long-term wealth conservation.<br>[homecinema-fr.com](http://www.homecinema-fr.com/forum/multimedia-materiels-lecteurs-et-box/probleme...) |
||||
<br>Yet off-shore relocation is no longer the protect of the ultra-wealthy.<br> |
||||
<br>' Remote work, dual citizenship, global hiring patterns - they've all lowered 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 significantly comfortable checking out choices abroad.'<br> |
||||
<br>In the UK, recent fiscal grenades include the end of non-dom program and tax breaks on possessions held in overseas trusts, plus a freeze on earnings tax thresholds that has pressed more individuals into higher tax brackets till at least 2028. Meanwhile, the strategy to include pensions as part of estate tax from April 2027 is currently in the proposition phase.<br> |
||||
<br>The result? The UK has actually lost more billionaires in the previous year than at any other time in history.<br> |
||||
<br>Some will want to countries such as Italy, Greece or Switzerland using flat-tax regimes, while others will think about low-tax jurisdictions such as Barbados or Cyprus.<br> |
||||
<br>But where will you pay no individual earnings tax at all? Here are six of the finest locations to consider:<br> |
||||
<br>UNITED ARAB EMIRATES<br> |
||||
<br>If you don't desire flashy Dubai there's the calmer Emirati capital Abu Dhabi with its fast-developing cultural island, Saadiyat<br> |
||||
<br>Banks, global schools, construction, hospitality, health care and engineering are all drawing in a wave of British expats - an [estimated](https://number1property.com) 240,000 live there now<br> |
||||
<br>Job opportunities, great environment and more skyscraper-lined vistas you can shake a selfie-stick at, the UAE is quite in need for its lifestyle and tax advantages.<br> |
||||
<br>There is no [personal](https://shubhniveshpropmart.com) earnings tax on wages, investments, or rental earnings made within the nation, there is no capital gains tax (CGT), estate tax, wealth tax or annual tax on worldwide possessions.<br> |
||||
<br>If you do not desire flashy Dubai there's the calmer Emirati capital Abu Dhabi with its fast-developing cultural island, Saadiyat, but they both use beaches, elite infrastructure, healthcare and education.<br> |
||||
<br>The UAE can give entrepreneurs what they are failing to find in the UK: safety, economic development, a pro-business environment and regulatory certainty.<br> |
||||
<br>Establishing a business is an easy route to residency, including in among Free Zones, where expats can have 100 percent ownership without the need for a [regional partner](https://housingbuddy.in) or financier.<br> |
||||
<br>There are likewise numerous visa options including the 10-year golden visa that needs you to invest or purchase a residential or commercial property for a minimum of AED 2million (₤ 439,000), digital nomad and freelance visas.<br> |
||||
<br>Banks, global schools, construction, hospitality, healthcare and engineering are all attracting a wave of British expats - an approximated 240,000 live there now.<br> |
||||
<br>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 per cent less than the UK - plus severe summer season temperature levels, traffic jams and UAE's rigorous laws and cultural customs won't match everybody.<br> |
||||
<br>BAHAMAS. |
||||
Much closer to Florida than South America, the Bahamas offers a a lot more vibrant environment than the ultimate Caribbean [islands](https://www.cacecyluxuryhomes.co.ke) - and no earnings, capital gains or estate tax.<br> |
||||
<br>The Bahamas uses a steady economy combined with remote pink-sand beaches, reef and excellent sailing<br> |
||||
<br>Britons like it too - around 4,100 live there (there's a direct eight-hour flight to the UK), and lots of have established in Nassau on the island of New Providence<br> |
||||
<br>This Atlantic Ocean island chain, with an American twist, offers a steady economy combined with [remote pink-sand](https://primeestatemm.com) beaches, coral reefs and superb cruising.<br> |
||||
<br>Privacy, security and lifestyle make it a favourite destination for many North American billionaires. But start-ups, crypto and fintech investors are likewise being drawn to its capital, Nassau.<br> |
||||
<br>Along with the global jet set, multinational brand names and benefits have shown up: Nobu, Starbucks, Amazon shipments, Michelin-starred restaurants - and it's just a half-hour flight to lots of more in Miami.<br> |
||||
<br>But Britons like it too - around 4,100 live there (there's a direct eight-hour flight to the UK), numerous have actually set up in Nassau on the island of New Providence - the expat center with most of the international schools and cultural organizations. Or Freeport on Grand Bahama is more easygoing.<br> |
||||
<br>Those who invest at least $1million (₤ 741,000) on a home, economic contribution or investment in a vital sector can protect long-term residency - it's difficult to get a work license otherwise. Perhaps the most convenient alternative? The one-year Bahamas digital wanderer visa (BEATS), which, unusually for such schemes, features no minimum income requirement.<br> |
||||
<br>Aside from the danger of cyclones - 2019's Dorian devastated the Abaco islands and Grand Bahama - the greatest drawback is the high cost of living, which is 27 percent more than in the UK according to numbeo.com, with rent costs that are 30 per cent higher than the UK.<br> |
||||
<br>You'll pay $3,200 (₤ 2,371) a month for a modest two-bedroom house on one of New Providence's gated communities.<br> |
||||
<br>MONACO. |
||||
A [favoured base](https://www.propertyeconomics.co.za) for dozens of sports stars, global business people and F1 chauffeurs, Monaco is the small tax sanctuary that's just a seven-minute helicopter ride from Nice Airport on the French Riviera.<br> |
||||
<br>The summer 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.<br> |
||||
<br>A favoured base for lots of stars, international businessmen and F1 chauffeurs, Monaco is the tiny tax sanctuary that's simply a seven-minute helicopter trip from Nice Airport<br> |
||||
<br>From high-end shopping to Michelin-starred restaurants, casinos and beach clubs, the principality has more millionaires per square metre than anywhere else (and high-profile people like its high security and rigorous privacy laws). More than 2,800 Britons call it home.<br> |
||||
<br>Naturally they all like it's the absence of income tax, wealth tax and capital gains tax, and the reality that when handing down assets, spouses and kids do not pay inheritance or gift tax.<br> |
||||
<br>To get irreversible residency in Monaco you'll need to deposit at least EUR500,000 (₤ 421,000) into one of its banks and purchase or rent residential or commercial property in Monaco. Non-EU nationals require to get a French long-stay visa before looking for a Monaco residency license.<br> |
||||
<br>These benefits do not come low-cost. The cost of living is 127 percent higher than in the UK, groceries are 70 per cent more, restaurants 50 percent costlier and rent is an eye-watering 705 per cent more, according to numbeo.com.<br> |
||||
<br>You can discover a studio apartment to purchase for around EUR1million (₤ 842,000), but that's all you need for your tax-base - numerous deep-pocketed new arrivals are also buying a bigger residential or commercial property over the border with France, according to Cote d'Azur Sotheby's International Real estate.<br> |
||||
<br>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.<br> |
||||
<br>If you are comfortable about its human rights record, stringent laws (alcohol is banned) and social conservatism, not to point out the searing heat, then a tax-free high salary for a number of years might be a huge adequate pull.<br> |
||||
<br>Yes, there's zero individual earnings tax, but you won't discover the beach clubs or bottomless-brunch culture that you would in Dubai.<br> |
||||
<br>In the run-up to Saudi hosting the FIFA World Cup in 2034, and as part of its Vision 2030 strategy to transform its economy, Saudi Arabia is opening approximately foreign investment<br> |
||||
<br>Around 26,000-30,000 Britons reside in the Kingdom, mainly in compounds in Riyadh and Jeddah<br> |
||||
<br>Estate agents report that many expats are moving from Dubai to Saudi for wages that are 25 percent more than its GCC (Gulf Cooperation Council) neighbour - and there's strong need for engineering, building, IT and healthcare workers.<br> |
||||
<br>An essential element of this is that the Saudi government is making it much easier for foreigners to purchase residential or commercial property - a brand-new Freehold Law is being drafted that will open the door to buy off-plan [residential](https://leasingangels.net) or commercial properties.<br> |
||||
<br>In 2015, Saudi Arabia expanded its own version of a 'golden visa' - its Premium Residency plan - that can provide residency if you are not sponsored by an employer. This is open to those with special talents, investors 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).<br> |
||||
<br>Around 26,000-30,000 Britons reside in the Kingdom, primarily in compounds in Riyadh and Jeddah, but brand-new holiday resort-style advancements have actually been built, although rental rates can be high. In Sedra, a popular neighborhood in Riyadh by ROSHN Group, a five-bedroom rental property is being advertised at SAR 160,000 annually (₤ 31,600).<br> |
||||
<br>The expense of living is around 35 per cent lower than in the UK, according to numbeo.com, but lots of expats get generous housing and personal healthcare packages. The worldwide schools are broadening fast, with Sherborne School Jeddah (a branch of the UK independent school) opening this year.<br> |
||||
<br>BERMUDA<br> |
||||
<br>If you do not want the searing heat of the Middle East and prefer the relaxed pace of a Caribbean island, Bermuda is a veteran favourite for British expats<br> |
||||
<br>The high expense of living will absorb some of the tax benefits. A two-bed townhouse in Paget might cost $7,800 (₤ 5,785) a month to rent<br> |
||||
<br>If you do not desire the searing heat of the Middle East and choose the unwinded tempo of a Caribbean island, Bermuda - a veteran preferred with British expats - could be for you.<br> |
||||
<br>Britons are the biggest group of non-Bermudians in the British Overseas Territory, numbering 3,942, according to the last census. While families gravitate to Hamilton for the worldwide schools, the main parish of Paget provides homes a short walk from pink-sand beaches<br> |
||||
<br>Security, safety and a high standard of life are the pulls - plus the enticement of no income tax or capital gains tax. Life revolves around the beach, barbecues and weekend boat celebrations - and it's just 2 hours to New York for a weekend culture fix.<br> |
||||
<br>Less attractive are the high customizeds tasks that makes purchasing items costly, the restrictions of small-island life (some find it dull) - and high expense of living.<br> |
||||
<br>You can visit Bermuda without a visa for approximately 180 days in any 12-month period, but if you desire to work in Bermuda, you must get a task deal and work allow before you go into the nation. There are particular chances for entrepreneurs and fintech organizations. There's also an one-year 'Work from Bermuda' digital wanderer visa, but employment opportunities on the island are restricted.<br> |
||||
<br>Britons are the most significant group of non-Bermudians in the British Overseas Territory, numbering 3,942, according to the last census<br> |
||||
<br>Foreigners can only buy residential or [commercial properties](https://www.munrorealty.com.au) 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 - however is due to be examined on July 1 this year. This amount equates to around $3million (₤ 2.2 million) for homes and $600,000 (₤ 445,000) for condominiums, according to Sotheby's International Real estate. Foreigners must use for a licence to acquire.<br> |
||||
<br>The high cost of living will absorb some of that tax benefit. A two-bed townhouse in Paget might cost $7,800 (₤ 5,785) a month to rent - rents are 215 per cent greater than the UK, according to numbeo.com, although basic cost of living is just 97 per cent more.<br> |
||||
<br>CAYMAN ISLANDS<br> |
||||
<br>Like Bermuda, the Cayman Islands likewise has tax advantages: no corporation, income, capital gains or inheritance taxes<br> |
||||
<br>Like Bermuda, the Cayman Islands is a British Overseas Territory offering a tax-free and beachside lifestyle simply 90 minutes south of Miami.<br> |
||||
<br>A high requirement of living paired with low criminal activity rate and Caribbean environment implies an expat way of life revolving around brunches, boat celebrations and barbecues, with much of this centred around Seven-Mile Beach and west of George Town, the greatest town and organization hub of the 3 Cayman Islands.<br> |
||||
<br>Learn more<br> |
||||
<br>EXCLUSIVE<br> |
||||
<br>How to move to Qatar: Offering high wages, tax advantages and year-round sunshine<br> |
||||
<br>Why select Cayman over Bermuda? Some state Cayman's scenery is less excellent but the Cayman lifestyle is better, specifically the foodie scene centred about Grand Cayman. Others say that while the expense of living is high in Cayman (it's still 41 per cent more than in the UK) it's lower than Bermuda.<br> |
||||
<br>It also has tax benefits: no corporation, earnings, capital gains or estate tax.<br> |
||||
<br>Britons can keep up to 180 days without a visa then there are various paths to residency including a work permit from a company or the [digital wanderer](https://www.jukiwa.co.ke) visa, the Global Citizen Concierge Program, which needs a minimum salary of $100,000 (₤ 74,242) however lasts two years.<br> |
||||
<br>There are other routes through large types of financial investment consisting of a Certificate of Direct Investment (minimum KYD 1million/ ₤ 906,000). Or costs a minimum of KYD 2million (₤ 1.8 million) on a residential or commercial property provides you long-term residency (plus independent financial resources) but not the right to work.<br> |
||||
<br>Foreigners can purchase residential or commercial property however stamp responsibility at 7.5 per cent is high. You can buy a smart two-bedroom house for ₤ 350,000-₤ 400,000 around George Town or rent a one-bedroom apartment for around ₤ 2,300 a month.<br> |
||||
<br>Downsides consist of small-island mentality, few work alternatives and high electrical energy and home insurance expenses - all that said, the hurricane danger is low.<br> |
||||
<br>Dubai<br> |
||||
Loading…
Reference in new issue