Countries with the lowest tax rates

These countries have some of the lowest tax rates in the world.
Bahamas
– Individual income tax rate: 0%
– Obtaining residence requires real estate investment with a minimum value of $500,000
– Lots of Bahamas revenue comes from its tourism industry
Andorra
– Individual tax rates are between 0 and 10%
-Obtaining residence requires making an investment of 350,000 Euros and a bank deposit
-Tourism is Andorra’s largest industry
Monaco
– Individual income tax rate: 0%
– Obtaining residency requires a deposit minimum of 500,000 Euro.
– Monaco is very expensive: a basic studio costs at least 600,000 Euro.
Bulgaria
– Individual income tax rate is 10%
-Non-Europeans living in Bulgaria can then freely travel throughout Europe
– Obtaining residency requires an investment of over 500,000 Euros of Bulgarian state bonds
Panama
– Individual income tax rate: 0% on foreign sourced revenue, and 15 to 25% on locally sourced revenue.
– Residency can be obtained quickly with a low investment
United Arab Emirates
-Corporate income tax rate is 0%
– Individual income tax rate is 0%
-However, expect to pay about $2000 a month for a one bedroom apartment.
The Cayman Islands
– Corporate income tax rate is 0%
– Individual income tax rate is 0%
– Cayman Islands is a well known tax shelter with an established system of financial secrecy in place.
Bahrain
– Corporate income tax rate is 0%
– Individual income tax rate is 0%
– No tax on profits, only a labor tax of 14.6% and other small miscellaneous taxes.
Switzerland
– Individual tax rate between 0 and 13.2%
-Great quality of life and great economic infrastructure.
– Switzerland is known for its financial sector and being a tax shelter for foreign investments.