Where to Legally Invest, Live & Work Without Paying Any Taxes

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The Minerva Group, Inc., 2000 - Business & Economics - 332 pages
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There is an old saying: The only two things you can count on in life are death and taxes. That may have been true in the past, but there are opportunities that can substantially reduce your tax burden, and, in some cases, relieve you of it entirely. Several countries and jurisdictions throughout the world offer impressive incentives and plans through which you can greatly minimize your tax burden. Some have passed legislation that supports a business friendly environment providing a host of tax advantages, a minimization of red tape, and a variety of grants and special plans that are designed to increase a company?s edge in an increasingly competitive economic climate. Other places offer various tax incentives to individuals. Indeed, there are places where you can live virtually tax-free. In the following pages, the most advantageous of these countries and jurisdictions will be examined. These are by no means backwater enclaves or small municipalities; they are highly desirable places to live, work, and invest. Some prefer to remain reticent about the financial benefits they offer, while others openly promote their tax and investment plans and incentives. If you genuinely desire to reduce your tax burden, all deserve careful consideration. You might be wondering why a place would offer tax benefits to both its citizens and foreigners. By offering major tax incentives to investors, tax haven countries and jurisdictions increase the amount of money that flows into the tax haven. This money can then be used to stimulate the tax haven?s economy. The underlying principal here is that low taxes result in economic growth. To take full advantage of some of these opportunities, you may need to satisfy residency requirements. Some countries require that you remain in the country for a particular length of time to benefit from tax incentives; others have few or negligible conditions that you must meet. In some, to fully take advantage of their tax laws, you must become a citizen. This is often not as daunting as it sounds, because in most cases, you will be able to carry dual citizenship. Thus, if you are a citizen of the United States, you may also become a citizen of another nation. Of course, this can become tricky under some circumstances, and you should always research your situation carefully, assessing your plans and goals in the light of each country?s laws. For some people, it is quite beneficial to change their citizenship if it results in major tax savings.
 

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Contents

Antigua and Barbuda
8
The Azores
28
Bermuda
46
The Cayman Islands
60
Ceuta and Melilla
69
Costa Rica
87
Dubai
105
Hong Kong
123
Paraguay
198
Portugal
217
St Kitts and Nevis
232
The Republic of Singapore
251
The Republic of Turkey
265
Turks and Caicos
272
Uruguay
283
Solving The Worldwide Taxation Problem For American Citizens
290

Israel
138
Madeira
153
The Commonwealth of the Northern Mariana Islands
167
Monaco
180
TaxFree Investing in the United States
298
Asset Allocation The Key To Successful Investing
304
Some Final Thoughts
313
Copyright

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About the author (2000)

Starchild is a member of the Extropy Institute, and life member of both the World Future Society and the Libertarian Futurist Society.

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