The final group of tax havens are countries that do have a system of taxation and impose taxes on residents’ worldwide income. However some countries have special concessions that offer considerable tax advantages in special situations. They include: Cyprus, United Kingdom.
Jurisdictions
| Year 1 | Year 2 | ||
|---|---|---|---|
 Bahamas |
£895 | £645 |  |
 Belize |
£495 | £449 | |
 BVI |
£595 | £465 | |
 Cayman Islands |
£2495 | £1795 | |
 Cyprus |
£1499 | £925 | |
 Delaware |
£650 | £495 | |
 Dubai/UAE |
£2350 | £1599 | |
 Gibraltar |
£995 | £699 | |
 Guernsey |
£1995 | £1975 | |
 Hong Kong |
£1395 - 2495 | £995-1995 | |
 Ireland |
£795 | £525 | |
 Isle of Man |
£1595 | £1575 | |
 Jersey |
£1995 | £1795 | |
 Labuan |
£2995 | £1995 | |
 Marshall Islands |
£595 | £385 | |
 Mauritius GBC1 |
£4599 | £3795 | |
| Mauritius GBC2 |
£1099 | £995 | |
 Nevis |
£795 | £625 | |
 Panama |
£795 | £695 | |
 Seychelles |
£695 | £395 | |
 Singapore |
£2495 | £1595 | |
 United Kingdom |
£1595 | £1395 | |
Tax Havens
Low-Tax
Foreign Source Exempt
They only tax you on locally derived income.
If all your income is derived outside the tax haven you will not pay any tax.
They include: Hong Kong, Panama, Seychelles, Singapore.
Nil-Tax
These are simply countries that do not have any of the three main direct taxes:
- No income tax or corporation tax
- No capital gains tax, and
- No inheritance tax
The include: Bahamas, Nevis, Cayman Islands.
