Located in the West Indies, the Bahamas is one of the most attractive countries with no tax. For living a tax-free life, it is not mandatory to have citizenship and the minimum of 90-day stay is sufficient for obtaining Permanent residency in the country.
Panama has been tax-free because of its favourable tax laws and financial secrecy regulations. The country is home to a wide array of skyscrapers, beaches and casinos.
The island nation situated in the Caribbean Sea, offers tax-free life with no payroll, capital gains and withholding tax. However, life here is quite expensive but the more money you invest here, the more easily you can get permanent residence.
Brunei Unlike other tax-free countries, that are good hosts for travellers, Brunei is quite difficult to live in. One cannot obtain permanent residency or citizenship here unless they get the approval of the Sultan.
One of the best countries in the world, Monaco, has no income tax. Located on the French Riviera, the country tends to attract high-income and tax-averse type people.
Bermuda is often considered as a tax-efficient jurisdiction because of its lack of personal income tax, corporate tax and capital gains tax. However, it has other fees and taxes, including payroll tax, custom duties and stamp duties.