List of Tax Havens

A tax haven is a place where certain taxes are levied at a low rate or not at all. This encourages wealthy individuals and/or firms to establish themselves in areas that would otherwise be overlooked. Different jurisdictions tend to be havens for different types of taxes, and for different categories of people and/or companies.

Andorra. No personal income tax.

Anguilla - A British Colony and offshore banking center

Antigua and Barbuda

Aruba

The Bahamas levies neither personal income nor capital gains tax, nor are there inheritance taxes.

Barbados - A ‘Low-tax regime’ not ‘Tax haven’ - The government of Barbados sent off a high level note to members of the United States Congress recently in protest of the label “Tax Haven” (see Modern developments below) stating it has the potential to undermine or override the Barbados/United States double taxation agreement.

Belize

Bermuda does not levy income tax on foreign earnings, and allows foreign companies to incorporate there under an “exempt” status. Exempt companies may not hold real estate in Bermuda or trade there, nor may they be involved in banking, insurance, assurance, reinsurance, fund management or similar business, such as investment advice, without a license. The island also maintains a stable, clean reputation in the business world. At present, there are no benefits for individuals. In fact, for a non-Bermudian to own a house on the island, they would have to pay a minimum of $15,000 a year in land tax alone.

British Virgin Islands: the 2000 KPMG report to the United Kingdom government indicated that the British Virgin Islands was the domicile for approximately 41% of the world’s offshore companies, making it by some distance the largest offshore jurisdiction in the world by volume of incorporations. The British Virgin Islands has, so far, avoided the scandals which have tainted less well regulated offshore jurisdictions.

Bulgaria - corporate taxes 10 % since 2007.01.01, dividents - 7 %

Campione d’Italia an Italian enclave within Switzerland

Cayman Islands

In the Channel Islands, no tax is paid by corporations or individuals on foreign income and gains. Non-residents are not taxed on local income. Local taxation is at a fixed rate of 20% in Jersey, Guernsey, & Alderney and 0% in Sark.

Cook Islands

Cyprus: this jurisdiction has grown recently in popularity and anticipates further future growth. As a jurisdiction Cyprus is in a position to exploit its unusual position as an offshore jurisdiction which is within the EU.

Dubai

Gibraltar

Hong Kong’s tax rates are so low that it can be considered a tax haven.
Ireland did not tax the foreign income of authors and artists until 2006. Corporation tax is only 10% or 12%.
The Isle of Man does not charge corporation tax, capital gains tax, inheritance tax or wealth tax. Personal income tax is levied at 18% on the worldwide income of Isle of Man residents, up to a maximum tax liability of £100,000. Banking income tax is levied on the profits of Isle of Man based banks at 10%.

Liechtenstein

Luxembourg

Macau

Malta