Then, you have no estate tax, no inheritance tax, no wealth tax. A passive resident only needs to spend 90 days in Andorra for tax residence. If you are likely to move you would need a residency permit and tax residency which is easy if you are resident of the European Union. If you are not a resident of the European Union there are more steps.
3.Hungary
Hungary has the lowest corporate tax in Europe. The 9% corporate tax with the plenty of programs if you start a company or if you buy a real estate, you have more options. But, don't forget, you have 27% VAT and 18% Social Security tax.
Hungary also launching a new "golden visa", the category of "guest-investor visa", that will receive label "strategically important investment" from the government if you're investing 250.000 euros to a million euros. You can get residency in Hungary as well in Schengen Area. Hungary has a strict immigration rules but relaxed immigration rules for investment.
You can obtain a Hungarian passport through your descent. According to Hungarian law, there is no limit on how far back into your family tree you can go to find a Hungarian ancestor by descent program. Hungary follows the jus sanguinis citizenship law. This means that children of Hungarian citizens become Hungarian citizens by birth, no matter where Hungarian birth took place. Hungary allows dual citizenship.
4. El Salvador in Central America
El Salvador is tax free place. The children getting citizenship by birth. If you get a residency permit, there is no tax on foreign income. Then, you have no estate tax, no inheritance tax, no wealth tax. The place is safe, was one the most dangerous in the world now it's the one of the safest in the world.
5. Uruguay in South America
If you are willing to invest in country, willing to invest your time you have spend six months in order to have residency permit. You have to prove you spent time in the country instead of filling out a form. You can live a peaceful life a very safe life. You can get a huge tax exemption from six to eleven years if you bring a money to the country that allows you to pay either very little or no tax in the country. It is relatively hard to get permanent residency and citizenship but it's different if you invest. If you want less taxes, invest in Uruguay. Then, you have no estate tax, no inheritance tax, no wealth tax, a relatively low cost of living, and a favorable location.
Uruguay has a multi-year tax exemption, but is not a zero-tax country.
Uruguay has approved a digital nomad law, for the first time, remote workers and digital nomads can get residency permit to work from Uruguay for up to 12 months. You have to prove you can support yourself financially, but currently there is no salary requirement.
6. Antigua and Barbuda in the Caribbean
A place with beautiful beaches a Caribbean island, attracts wealthy foreigners from all over the world. With some 130K you can get citizenship in six months. You can enjoy safe tax-free lifestyle.
