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

3.Brunei.

The Sultan of Brunei has so much money he doesn’t really need investors to immigrate to his sultanate. However, with a large enough investment, you can obtain residence or permanent resident status in his tiny country nestled in the Borneo part of Malaysia — though I wouldn’t recommend it.
Cayman Islands. The crown jewel of the Caribbean offshore world, the Cayman Islands don’t appeal to the middle class. Just as Cayman financial authorities have gone to great lengths to make incorporating into their country expensive, immigrating there requires some serious cash as well. Specifically, if you want to live on Grand Cayman, you must have an annual income of nearly $150,000 and make an investment of $500,000 into real estate or Cayman Island companies. Those requirements are roughly halved if you want to live on one of the smaller, less flashy islands.


4.Monaco

Talk about sex appeal and sophistication; Monaco oozes it. The principality bordering France and Italy is part of the gorgeous French Riviera and is well connected by train, airplane, and helicopter to the rest of Europe. It’s the perfect zero-tax residency if you prefer European glamour to island living, and you’ll be in the company of some of the wealthiest people on earth. Monaco requires that prospective residents deposit €500,000 in a Monaco bank and purchase at least €500,000 in Monaco real estate. Of course, you’ll need a lot of luck to even find a parking space for that price. The government has also been cracking down on residents buying tiny studios in an effort to weed out low-quality “paper residents”.

 

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