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The American polymath Benjamin Franklin memorably stated there is 'nothing certain but death and taxes' - but there are a few locations worldwide where you can prevent paying earnings tax.

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.

Yet off-shore moving is no longer the protect of the ultra-wealthy.

' Remote work, dual citizenship, international hiring trends - they have actually all reduced the barriers,' states Nigel Green, CEO of deVere Group, a financial advisory and asset management company. 'If [enthusiastic individuals] are not being rewarded at home, they're significantly comfy checking out choices abroad.'

In the UK, recent fiscal grenades include completion of non-dom regime and inheritance tax breaks on assets held in overseas trusts, plus a freeze on income tax thresholds that has pressed more people 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 proposal stage.

The result? The UK has actually lost more billionaires in the past year than at any other time in history.

Some will aim to nations such as Italy, Greece or Switzerland offering flat-tax programs, while others will think about low-tax jurisdictions such as Barbados or Cyprus.

But where will you pay no individual income tax at all? Here are six of the finest locations to think about:

UNITED ARAB EMIRATES

If you don't want flashy Dubai there's the calmer Emirati capital Abu Dhabi with its fast-developing cultural island, Saadiyat

Banks, worldwide schools, building, hospitality, health care and engineering are all bring in a wave of British expats - an approximated 240,000 live there now

Job chances, fantastic environment and more skyscraper-lined vistas you can shake a selfie-stick at, the UAE is extremely much in need for its lifestyle and tax advantages.

There is no individual income tax on salaries, financial investments, or rental income made within the nation, there is no capital gains tax (CGT), estate tax, wealth tax or yearly tax on around the world possessions.

If you don't want flashy Dubai there's the calmer Emirati capital Abu Dhabi with its fast-developing cultural island, Saadiyat, but they both provide beaches, high-class facilities, healthcare and education.

The UAE can provide entrepreneurs what they are failing to find in the UK: security, financial growth, a pro-business environment and regulatory certainty.

Establishing a company is a simple path to residency, including in one of Free Zones, where expats can have 100 percent ownership without the requirement for a local partner or financier.

There are also numerous visa choices consisting of the 10-year golden visa that requires you to invest or acquire a residential or commercial property for a minimum of AED 2million (₤ 439,000), digital nomad and freelance visas.

Banks, global schools, building and construction, hospitality, health care and engineering are all bring in a wave of British expats - an estimated 240,000 live there now.

Major deterrents include the high expense of housing - rents can be more than in the UK, although the UAE typical expense of living is 15 per cent less than the UK - plus extreme summertime temperature levels, traffic congestion and UAE's strict laws and cultural customs won't suit everyone.

BAHAMAS. Much closer to Florida than South America, the Bahamas provides a a lot more dynamic environment than the ultimate Caribbean islands - and no earnings, capital gains or inheritance taxes.

The Bahamas uses a steady economy combined with remote pink-sand beaches, reef and outstanding sailing

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

This Atlantic Ocean archipelago, with an American twist, uses a steady economy combined with remote pink-sand beaches, reef and outstanding sailing.

Privacy, security and way of life make it a preferred destination for numerous North American billionaires. But start-ups, crypto and fintech financiers are also being drawn to its capital, Nassau.

Together with the global jet set, international brand names and conveniences have actually shown up: Nobu, Starbucks, Amazon deliveries, Michelin-starred restaurants - and it's only a half-hour flight to lots of more in Miami.

But Britons like it too - around 4,100 live there (there's a flight to the UK), lots of have actually established in Nassau on the island of New Providence - the expat hub with the majority of the worldwide schools and cultural organizations. Or Freeport on Grand Bahama is more laid-back.

Those who spend a minimum of $1million (₤ 741,000) on a home, economic contribution or financial investment in an important sector can secure permanent residency - it's tough to get a work authorization otherwise. Perhaps the easiest option? The 1 year Bahamas digital nomad visa (BEATS), which, unusually for such schemes, features no minimum income requirement.

Aside from the danger of hurricanes - 2019's Dorian devastated the Abaco islands and Grand Bahama - the most significant disadvantage is the high expense of living, which is 27 percent more than in the UK according to numbeo.com, with lease rates that are 30 percent greater than the UK.

You'll pay $3,200 (₤ 2,371) a month for a modest two-bedroom home on among New Providence's gated communities.

MONACO. A favoured base for dozens of sports stars, worldwide business people and F1 chauffeurs, Monaco is the small tax sanctuary that's simply a seven-minute helicopter trip from Nice Airport on the French Riviera.

The summer season playgrounds of Cap-Ferrat, Cannes and Saint-Tropez are all within easy reach by supercar or one's private yacht moored in Port Hercule, listed below the Monegasque cityscape of high-rises.

A favoured base for dozens of stars, global entrepreneurs and F1 drivers, Monaco is the small tax haven that's just a seven-minute helicopter ride from Nice Airport

From high-end shopping to Michelin-starred dining establishments, casinos and beach clubs, the principality has more millionaires per square metre than anywhere else (and high-profile people love its high security and strict personal privacy laws). More than 2,800 Britons call it home.

Of course they all like it's the absence of income tax, wealth tax and capital gains tax, and the reality that when handing down possessions, spouses and children do not pay inheritance or gift tax.

To get long-term 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 need to get a French long-stay visa before making an application for a Monaco residency permit.

These advantages do not come cheap. The expense of living is 127 per cent greater than in the UK, groceries are 70 percent more, dining establishments 50 percent costlier and lease is an eye-watering 705 per cent more, according to numbeo.com.

You can find a small apartment to purchase for around EUR1million (₤ 842,000), however that's all you need for your tax-base - many deep-pocketed brand-new arrivals are also purchasing a bigger residential or commercial property over the border with France, according to Cote d'Azur Sotheby's International Real estate.

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 investment.

If you are comfortable about its human rights record, strict laws (alcohol is prohibited) and social conservatism, not to mention the searing heat, then a tax-free high income for a number of years might be a huge sufficient pull.

Yes, there's zero personal earnings tax, however you won't find the beach clubs or bottomless-brunch culture that you would in Dubai.

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 as much as foreign investment

Around 26,000-30,000 Britons live in the Kingdom, primarily in compounds in Riyadh and Jeddah

Estate representatives report that lots of expats are moving from Dubai to Saudi for salaries that are 25 percent more than its GCC (Gulf Cooperation Council) neighbour - and there's strong demand for engineering, building, IT and health care employees.

An essential element of this is that the Saudi government is making it easier for foreigners to acquire residential or commercial property - a new Freehold Law is being prepared that will unlock to purchase off-plan residential or commercial properties.

Last year, Saudi Arabia expanded its own variation of a 'golden visa' - its Premium Residency scheme - that can provide residency if you are not sponsored by an employer. This is open to those with special talents, investors and entrepreneurs. 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).

Around 26,000-30,000 Britons reside in the Kingdom, generally in compounds in Riyadh and Jeddah, but brand-new holiday resort-style advancements have actually been constructed, although rental rates can be high. In Sedra, a popular community in Riyadh by ROSHN Group, a five-bedroom villa is being promoted at SAR 160,000 per year (₤ 31,600).

The cost of living is around 35 per cent lower than in the UK, according to numbeo.com, however lots of expats get generous housing and private health care bundles. The global schools are broadening fast, with Sherborne School Jeddah (a branch of the UK independent school) opening this year.

BERMUDA

If you do not desire the searing heat of the Middle East and choose the relaxed pace of a Caribbean island, Bermuda is a long-time favourite for British expats

The high expense of living will absorb some of the tax advantages. A two-bed townhouse in Paget may cost $7,800 (₤ 5,785) a month to lease

If you don't want the searing heat of the Middle East and prefer the relaxed tempo of a Caribbean island, Bermuda - a veteran favourite with British expats - could be for you.

Britons are the greatest group of non-Bermudians in the British Overseas Territory, numbering 3,942, according to the last census. While families gravitate to Hamilton for the international schools, the main parish of Paget uses homes a brief walk from pink-sand beaches

Security, safety and a high requirement of living are the pulls - plus the enticement of no income tax or capital gains tax. Life revolves around the beach, barbecues and weekend boat parties - and it's only two hours to New York for a weekend culture repair.

Less attractive are the high custom-mades duties that makes purchasing items expensive, the constraints of small-island life (some discover it uninteresting) - and high cost of living.

You can go to Bermuda without a visa for as much as 180 days in any 12-month period, but if you wish to work in Bermuda, you should get a task offer and work permit before you get in the country. There specify opportunities for entrepreneurs and fintech companies. There's also a 1 year 'Work from Bermuda' digital wanderer visa, however employment chances on the island are restricted.

Britons are the most significant group of non-Bermudians in the British Overseas Territory, numbering 3,942, according to the last census

Foreigners can just purchase residential or commercial properties valued above a minimum Annual Rental Value (ARV), so only 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 quantity equates to around $3million (₤ 2.2 million) for homes and $600,000 (₤ 445,000) for apartments, according to Sotheby's International Real estate. Foreigners should request a licence to buy.

The high cost of living will take in some of that tax advantage. A two-bed townhouse in Paget may cost $7,800 (₤ 5,785) a month to rent - rents are 215 percent higher than the UK, according to numbeo.com, although general cost of living is just 97 per cent more.

CAYMAN ISLANDS

Like Bermuda, the Cayman Islands also has tax advantages: no corporation, earnings, capital gains or estate tax

Like Bermuda, the Cayman Islands is a British Overseas Territory using a tax-free and beachside way of life simply 90 minutes south of Miami.

A high standard of living combined with low criminal activity rate and Caribbean climate suggests an expat lifestyle focusing on breakfasts, boat celebrations and barbecues, with much of this centred around Seven-Mile Beach and west of George Town, the greatest town and service hub of the three Cayman Islands.

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Why choose Cayman over Bermuda? Some state Cayman's scenery is less impressive however the Cayman way of life is better, particularly the food lover scene centred about Grand Cayman. Others say that while the cost of living is high in Cayman (it's still 41 per cent more than in the UK) it's lower than Bermuda.

It likewise has tax benefits: no corporation, income, capital gains or inheritance taxes.

Britons can stay up to 180 days without a visa then there are different paths to residency consisting of a work permit from a company or the digital wanderer visa, the Global Citizen Concierge Program, which requires a minimum income of $100,000 (₤ 74,242) but lasts 2 years.

There are other routes by means of substantial kinds of investment including a Certificate of Direct Investment (minimum KYD 1million/ ₤ 906,000). Or costs at least KYD 2million (₤ 1.8 million) on a residential or commercial property provides you irreversible residency (plus independent financial resources) but not the right to work.

Foreigners can purchase residential or commercial property however stamp duty at 7.5 percent is high. You can purchase a clever two-bedroom apartment for ₤ 350,000-₤ 400,000 around George Town or rent a one-bedroom apartment for around ₤ 2,300 a month.

Downsides include small-island mentality, few work options and high electricity and home insurance costs - all that stated, the typhoon threat is low.

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