What Caribbean island has the lowest taxes?

The Best Tax-Free Caribbean Islands You can Easily Relocate to
  • #1 Anguilla. Anguilla is a British Overseas Territory in the Caribbean. ...
  • #2 Cayman Islands. The Cayman Islands are also a British Overseas Territory (BOT). ...
  • #3 The Bahamas. ...
  • #4 Turks & Caicos. ...
  • #5 British Virgin Islands. ...
  • #6 Caribbean CBI Countries.




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Dominican Republic, Belize (the only English-speaking country in Central America), Costa Rica, and Panama are a few of the most affordable islands to live on and double up as top destinations to visit.

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There is no income tax, capital gains tax, property tax, inheritance tax, or corporation tax in the Turks and Caicos Islands.

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Bermuda, Monaco, the Bahamas, and the United Arab Emirates (UAE) are four countries that do not have personal income taxes.

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The Greek island of Antikythera. A secluded Greek island has become the latest Mediterranean idyl to offer to pay people to move there, teaming up with the Greek Orthodox church to offer new residents a monthly allowance totalling €18,000 (NZ$33,000).

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Some of the safest islands to venture to in the Caribbean include Antigua and Barbuda, Anguilla, The British Virgin Islands, the Cayman Islands, Martinique, Montserrat, and St Barts. Check out our article: Living in the Caribbean – The Pros and Cons You Need to Know.

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Haiti. Listed at number 115 on the GPI, Haiti is the most dangerous country in the Caribbean Islands as of 2022. By far the most dangerous threat to U.S. tourists is kidnapping for ransom. Reports of convoys being attacks, protests, and other violent events are also common in Haiti, as well as armed robberies.

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Haiti is the poorest country in the Caribbean. Because of their weak economic state, people are ransacked by extreme poverty without hope of leadership or guidance from the government.

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A country is considered a tax haven when it offers individuals and/or businesses little to no tax liability. Countries in the Caribbean are considered some of the world's most popular tax havens, including St Lucia.

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If you're a United States citizen, you won't have any issue living in Puerto Rico or the U.S. Virgin Islands, but if you're headed to a new country, you'll need to make sure you can apply for a residency visa of some kind, or dual citizenship.

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In particular – due to their easier route to citizenship through their citizenship by investment programs – Antigua and Barbuda, Dominica, Grenada, St Kitts and Nevis, and St Lucia are some of the best islands for investment.

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Life on an island is often more expensive than mainland living—almost everything has to be imported, after all. But relative to the rest of the Caribbean, Roatán offers excellent value. Daily life, lived well, is affordable on Roatán—a budget of $2,000 to $2,500 a month, all in, for an average retired couple.

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