Tax Advantages

With introduction of FATCA (Foreign Account Tax Compliance Act) the United States federal law requiring U.S. citizens to report their non U.S. financial affairs, tax can be a significant part of your decision making process.

ANTIGUA & BARBUDA
  • Individuals are taxed on income derived or sourced from the country only
  • Capital gains are not subject to tax
  • No capital duty, capital acquisitions tax, inheritance tax, net wealth/net worth tax
  • Treaties are in force with CARICOM and the United Kingdom
BULGARIA
  • Non-residents are taxed only on Bulgaria-source income
  • Individuals who have a permanent address in Bulgaria but whose center of vital interests is not in the
    country are not considered a Bulgarian tax resident
  • No stamp duty, capital duty, wealth/net worth tax
CYPRUS
  • Property tax ranging from 0,6% to 1,9%
  • Transfer tax on properties ranging from 3%-8%
  • A non-resident individual is taxed on Cyprus-source income only
  • Progressive tax rates imposed up to 35% on incomes above EUR 19,500
  • No capital duty, capital acquisitions tax, inheritance/estate tax, wealth/net worth tax
DOMINICA
  • No capital gains, no property tax, stamp duty, capital acquisitions tax, inheritance tax, net wealth/net
    worth
  • Non-resident individuals are taxed on income derived or sourced in Dominica
  • Tax treaty is in force with CARICOM
GREECE
  • Non-residents are taxed on Greece-source profits only
  • No capital duty, no net wealth/ net worth tax
  • Stamp duty for individuals is 3,6%
  • Property taxation includes a main tax depending on the characteristics of the property and an additional
    tax calculated for properties value exceeding EUR 300,000
  • Inheritance tax ranging from 1-10% for close relatives
GRENADA
  • Non-residents are taxed on Grenada-source profits only
  • No capital gains, stamp duty, capital acquisitions tax, no inheritance tax, net wealth/net worth
    tax
  • Real property tax is ranging 0-0,5% depending on the property’s use
HUNGARY
  • Foreign resident individuals are taxed on Hungarian-source income only
  • The general personal income tax rate is 16%
  • No capital duty
  • The tax for residential real estate property purchases is 9%
  • Inheritance is fully exempt in case of close relatives, otherwise is 18%
MALTA
  • Persons who are resident or domiciled in Malta are taxable on their income
  • No capital duty, real property tax, no inheritance, net wealth/net worth tax
  • Tax is generally due on any gain on the transfer of property
PORTUGAL
  • Non-residents are taxed on their Portuguese-source income only
  • Real estate income is taxed at a flat rate of 28%
  • A municipal tax is levied on property sales and transfers
  • 10% stamp duty on inheritance/estate tax with exceptions on a few cases
  • No net wealth/net worth tax
SPAIN
  • Non-residents are taxed on Spanish-source income
  • For capital gains progressive rates apply
  • Stamp duty is applicable at 0,5-1%
  • Capital acquisitions tax is 7%
  • As real property tax the municipal authorities levy a real estate tax, with a temporary surcharge of up
    to 10%
  • Inheritance estate tax ranges from 7-34%
ST. KITTS
  • No personal income tax, capital duty, capital acquisitions tax, inheritance/estate tax, net wealth/net
    worth tax
  • Property tax ranges 0,2-0,3% depending on the property’s use and location
  • Stamp duty on the transfer of real estate property ranges from 2% to 18,5% and payable by the
    seller
  • Tax treaties are in force with CARICOM, Monaco, Switzerland and the United Kingdom
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