In 2024, thetax optimization remains a major issue for many individuals and companies. Faced with a sometimes suffocating tax burden, expatriation to countries with more lenient tax regimes is becoming increasingly attractive. But which destinations are the most advantageous? AND Capital, a firm of setting up a company in Andorra and tax optimization, has selected this year's 7 must-have tax havens.
Andorra, the pearl of the Pyrenees
Nestled between France and Spain, the Principality of Andorra is renowned for its privileged living environment and its very attractive tax system. With a tax rate of just 10%, one of the lowest in Europe, Andorra is a magnet for entrepreneurs and investors alike. Some taxes, such as those on inheritance or dividends, are even non-existent!
To benefit from tax residence in AndorraTo qualify, you need to create an economic activity or invest at least €600,000, for example in local real estate.
- The AND Capital team
Luxembourg, a tax haven in the euro zone
Another popular destination is Luxembourg, where income from non-speculative investments such as bonds and life insurance is taxed at just 10%. The latter benefits from very flexible regulations, enabling you to optimize your assets over the long term.
Switzerland and its privileged tax regime
In Switzerland, the lump-sum tax system allows wealthy foreign residents to pay a fixed tax, negotiated with the canton, independent of their actual income. Discretion and predictability are the order of the day, in return for a lump sum of at least 100,000 Swiss francs a year.
Zero income tax in the Bahamas
Renowned for its heavenly beaches, the Bahamas also offers a highly attractive tax environment. Foreign individuals pay no tax on their assets. revenuessubject to a real estate investment of half a million dollars.
Malta and its advantageous non-dom resident status
Malta offers Europeans a special "non-domiciled resident" status, enabling them to be taxed at 0% on foreign-source income not repatriated to the island. A tailor-made regime for international company directors.
Capped taxation in Gibraltar
Established on a rock south of Spain, Gibraltar limits the tax payable by its "category 2" residents to a maximum of £28,360, while exempting them from wealth tax. The stability of the British legal system is another advantage.
Portugal and tax exemption for pensioners
The last tax haven on our list, Portugal exempts the retirement pensions of "non-habitual" foreign residents from tax for 10 years. With its low taxes and relaxed lifestyle, Portugal has become a favorite destination for French retirees.
For a successful tax expatriation in 2024, the choice of destination is crucial. Andorra, Luxembourg, Switzerland, the Bahamas, Malta, Gibraltar and Portugal all offer unique tax advantages, which should be studied in detail with experts like those at AND Capital. Don't hesitate to contact us for personalized assistance in optimizing your legal situation.
