8 countries with tax incentives for expatriates
There's more to gain from living abroad than just immersing yourself in an array of beautiful cultures and picturesque landscapes. Did you know that it can also bring significant tax benefits? 💰💼📈
Certain countries offer enticing tax incentives to attract foreign investment and talent...
🇵🇹 Portugal: Portugal has a Non-Habitual Resident (NHR) tax regime, which offers new residents significant tax incentives for a period of 10 years.
🇲🇹 Malta: Malta offers various residency programs, including the Malta Retirement Program (MRP) and the Global Residence Program (GRP), that provide tax incentives to foreign residents.
🇮🇪 Ireland: Ireland has a special tax incentive for foreign executives called SARP (Special Assignee Relief Programme), which allows a relief of income tax on a portion of income earned.
🇹🇠Thailand: Thailand's Board of Investment (BOI) promotes certain business sectors by offering tax and non-tax incentives, including exemption or reduction of import duties and corporate income tax.
🇵🇦 Panama: The Friendly Nations Visa, available to citizens of 50 nations deemed friendly to Panama, offers various incentives including tax benefits.
🇸🇬 Singapore: Singapore offers a variety of tax incentives for businesses, aiming to promote entrepreneurial activities and attract foreign investments.
🇦🇪 United Arab Emirates (UAE): The UAE does not levy income tax on individuals, and its free zones offer further tax advantages for businesses.
🇨🇷 Costa Rica: Costa Rica offers incentives to retirees and foreign residents under certain conditions, including duty-free import of household goods and tax exemptions on pension or retirement income.
If you want to learn more about tax incentives for expatriates across the world contact us.