This Caribbean island generates revenue through tourism and offshore finance sectors. Weather, good food, music and tax-free living. What else do you need?
Bahamas Government generates revenue from property, consumption, import taxes and licence fees.
Monaco generates revenue from liquor and tobacco taxes, registration fees and postage stamp sales
Tax haven for corporate entities, Bermuda generates revenue from tourism and international business. Just steer clear from the Bermuda triangle!
Offshore companies and individuals don’t have to pay taxes in Panama. The revenue is generated from the service sector, manufacturing and copper mining.
Dominica is another nation on the list of countries with no tax on income. There are no corporate, estate or withholding taxes in this nation. Moreover, there is no taxation on gifts, inheritance, and income earned abroad.
Generating revenue through natural resources like oil, Kuwait promises tax-free personal income to everyone irrespective of the nationality. But if you do open a foreign corporate venture in Kuwait, you’d have to pay 15 percent of the income to the Kuwaiti government.
Oman is a tax-free nation, as there is no taxation on personal income. Moreover, there are no taxes on income from property, wealth, capital gains or death
Qatar operates a territorial taxation system, which means an individual is taxable in Qatar if one has generated qualifying Qatar-source income, regardless of one's tax residence.
Vanuatu, known for offering stunning coral reefs, blue waters, scuba diving and more. The beautiful nation earns revenue through tourism.