No one enjoys the fact that you work and the government takes out of your income for taxes. Though the taxes are used to improve the country’s economy but paying them is quite a lot, especially for low-income earners.
If you have ever wondered what part of the world don’t pay tax, here are two countries where you can work and live and also pay little or no amount for taxes.
United Arab Emirates (UAE)
For every entrepreneur or remote worker, the aim is to get greener pastures and make more money, that is exactly what UAE offers. There are so many career opportunities and every penny you earn is tax-free in UAE.
Though UAE is a country in the middle east, many expatriates have found the country a very suitable place for working and living
Over 70% of its population are young professionals and UAE is open to welcoming new young professionals who will help improve the economy of the country.
You can work hard and still have time for leisure, the country has one of the best places for leisure in the world, that is a win-win for everyone.
UAE is one of the most financially stable destinations in the world and you are sure that there is more money in your pocket.
If you are wondering how the government takes care of the citizens without tax, the taxes are paid mostly by oil companies and wealthy individuals.
You make money in a non-toxic environment and still get good health care, education and transport system.
Portugal is the 3rd best country in the world and one of the safest countries to live in. The cost of living in Portugal is lower than the average European country which means you get healthy and affordable living.
As a non-resident professional you are qualified for a reduced tax rate of 20% for 10 years; that is low compared to the 45% tax required in some other countries.
The rate of foreigners in Portugal has increased over the past year as investors get residence permits for investing in the country.