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

9.Gibraltar

If you have around $3 million, you may be eligible to become a resident of Gibraltar. Residents under the territory’s investor-friendly Category 2 visa pay a maximum tax of approximately £29,000 per year in exchange for permission to reside on the tip of the Mediterranean. Similar to London’s “non dom” program, Category 2 residents can escape Gibraltar’s progressive tax rates. While you won’t pay $0, you will have residency in a highly respected European jurisdiction for a predictable flat price.

10.Gatemala

If you crave the adventure of Mayan ruins and a life in Central America, Guatemala is one of four countries in the region that offer territorial taxation. Obtaining residence in Guatemala is easy if you can show proof of $1,000 monthly income, although you must be willing to live there a good part of the time or they’ll cancel your visa. If you are willing to live in Guatemala full-time, it’s possible to get citizenship after five years.

11.macau

While often belittled as a dodgy gambling outpost in the shadow of Hong Kong, Macau is an enigmatic and fascinating place. Just one hour from Hong Kong by boat, the special administrative region of China features a few excellent banks, as well as zero tax on foreign earnings. Foreign investors can obtain residency by investing 3 million Macau patacas, or roughly $375,000 into the country. However, because Macau is technically part of China’s “one country, two systems” policy, it is essentially impossible to obtain citizenship there.

 

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