Expatriation

the top 5 least taxed countries in 2014 - Bradley Hackford - Seite 2

=> Personal income tax rate: 0%

4 - Bulgaria

There has been a significant trend to relocate to countries in Eastern Europe. For non-Europeans, it corresponds to the desire of settling in Europe. For Europeans, the attraction comes from wanting to remain in Europe while enjoying very attractive tax rates. Bulgaria has one of the lowest tax rates in Europe. Non-Europeans living in Bulgaria can then freely travel throughout Europe. For non-Europeans, the residency process occurs through an investment of 511,295 euros in Bulgarian state bonds. The investment must be maintained for five years. Europeans do not have to make this investment.

In addition to Bulgaria with a 10% income tax, also note the increase of Hungary (16%), Lithuania (15%), and Romania (16%).

=> Personal income tax rate: 10%

5 - Panama

The various residency programs in Panama are attractive to retirees and people with international operations. The principle of territoriality applies to taxation in Panama. Therefore, only locally sourced income is taxed. All foreign earnings are completely exempt from taxation. A simple new process allows for residency to be obtained rather quickly, with a low investment requirement for a number of nationalities, which currently makes Panama very attractive.

=> Personal income tax rate: 0% on foreign sourced revenue, and 15 to 25% on locally sourced revenue.

Other jurisdictions

Among other jurisdictions continuing in our rankings include:

6 - Mauritius

The island of Mauritius, where French and English are the languages in use, is very popular with the French, who appreciate the use of French on the island and the country's low tax rates. International investors also appreciate Mauritius because of the simple residency process and the tax benefits related to residency. The main procedure for obtaining Mauritian residency occurs with the purchase of real estate on the island, approved by the local program called IRS, with a minimum value of $500,000 US.

=> Personal income tax rate: 15%

7 - United Arab Emirates - Dubai

The possibility of establishing a company in one Dubai's many free zones and then obtaining residency in the country allows Dubai to attract more and more expatriates. Companies established in free zones can be 100% foreign-owned. The tax rate for corporations is 0%. The same rate applies to the incomes resident individuals, who are not subject to any tax.