Get second residency and pay no tax in these 18 tax-free countries

Facts

17.Hong Kong

You might be asking, “what about second residency in Hong Kong?” Hong Kong is still an excellent flag to plant for some entrepreneurs, although I recommend it less these days, especially as Hong Kong banks have become impossible. However, Hong Kong is not the easy second residency it once was.

Hong Kong recently “suspended” its Capital Investment Scheme which allowed anyone to plunk US$1.29 million in a bank or brokerage account and live in Hong Kong. However, I’ll bet you almost anything it will not return… ever. Quite simply, Hong Kong doesn’t need you to live there; they’re doing perfectly well with the mega-millionaires already there

Now, it’s still possible to obtain second residency in Hong Kong by starting a business and opening a physical office there, but that will put you on the hook for Hong Kong taxes, reasonable as they are.

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