What islands are a tax haven?

Several Caribbean countries are known for their reputation as tax havens, including the Cayman Islands, Bahamas, British Virgin Islands, Dominica, Nevis, Anguilla, and Barbados.



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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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Turks and Caicos Tax Residency FAQS Yes, Turks and Caicos is a haven from excessive taxes abroad. They do not have income, corporate, or other taxes that are common overseas.

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Which Are the Tax-Free States? As of 2023, Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming are the only states that do not levy a state income tax. Note that Washington does levy a state capital gains tax on certain high earners.

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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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Haiti remains the poorest country in the Latin America and the Caribbean (LAC) region and among the poorest countries in the world.

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In the Cayman Islands, there is no property tax, personal income tax, corporate income tax, capital gains tax, VAT, or payroll tax. In addition, there is no withholding tax on dividends, interest, royalties, or fees for technical services. In the Cayman Islands, gift tax and capital gains tax also do not apply.

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Costa Rica, bordered by Nicaragua and Panama, is not considered a pure tax haven, but it is recognized as tax-friendly enough to have been referred to as the Switzerland of Central America.

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