In an uncertain economic climate, thetax optimization is more than ever a key lever for individuals and companies looking to make the most of their wealth. By expatriating to low-tax countries, you can reduce your taxes considerably and legally. Here is our selection of the 7 most advantageous tax havens in 2024.
Andorra, the tax pearl of the Pyrenees
Nestled between France and Spain, the Principality of Andorra is a true tax haven, with a tax rate of just 10%, one of the lowest in Europe. Some taxes, such as those on dividends or inheritance, are even non-existent. To qualify for Andorran tax residency, all you need to do is develop an economic activity or invest at least €350,000, for example in thelocal property.
Andorra's tax system is particularly attractive for entrepreneurs and investors. Our firm assists numerous clients in setting up a company in Andorra to optimize their activities.
- The And Capital team
Luxembourg, a financial investment paradise
At a time when the euro zone is going through a major crisis, Luxembourg is coming out on top thanks to its highly advantageous tax system for non-speculative investments. You pay just 10% in flat-rate tax on income from long-term investments such as bonds or life insurance. The latter benefits from very flexible regulations in the Grand Duchy.
Switzerland, a haven for your assets
With its famous lump-sum taxation system negotiable with your canton of residence, Switzerland remains a safe bet for high net worth individuals seeking to protect their wealth. You pay a flat-rate tax based on your lifestyle and local real estate, without having to declare all your income. However, you should expect to pay at least CHF 400,000 (€408,000) in annual lump-sum taxes.
Zero tax in the Bahamas
Want to enjoy splendid white sandy beaches while reducing your taxes? Head for the Bahamas! This Caribbean archipelago offers a personal tax rate of 0% for foreign residents, subject to certain conditions. In particular, you'll need to invest at least 500,000 USD (469,000€) in real estate.
The advantageous status of "non-dom" resident in Malta
Located in the heart of the Mediterranean, Malta offers expatriates the tax status of "non-dom resident". In practical terms, this means that you are only taxed on your Maltese-source income. Your other income, not repatriated to the island, is totally exempt! A very popular regime for foreign company directors.
Gibraltar, the rock of stability
At the southern tip of Spain, the British territory of Gibraltar offers attractive tax benefits and stability. With "Category 2" resident status, you pay a flat-rate tax capped at £28,360 (€33,000) per year, with no wealth tax. So you can live peacefully on the Rock, within a legal framework aligned with that of the UK.
Portugal, the new Eldorado for retirees
For some years now, Portugal has been attracting European retirees in droves, thanks to its special "non-habitual tax resident" status. By settling in the country, you can be exempt from income tax for 10 years (excluding investment income). With its relaxed lifestyle and affordable property prices, the country has become the leading expatriation destination for French senior citizens.
As you can see, these 7 countries offer a wealth of opportunities for optimize your tax situation according to your profile and objectives. Don't hesitate to contact our experts at And Capital to study the best tax expatriation strategy. Our firm, which specializes in company formation and tax optimization in Andorra and abroad, will support you at every stage of your project. installation abroad.
