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

8.Georgia

One of the most underrated countries on earth, Georgia is fast becoming one of the world’s most free economies. The pro-business government slashed the number of taxes from 21 to 6 and now to 5, and rates decrease each year. Income earned outside of Georgia is not taxed in Georgia, although you may need to provide proof. Georgia offers almost all foreigners a 360-day tourist visa, and anyone can open a Georgia company in order to qualify for residence. Buying real estate might also qualify you. If you do invest in Georgia, you can utilize the country’s new Estonia-based tax model where taxes are only paid on distributions.

 

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