Benedicte Gravrand, Opalesque Geneva:
Bradley Hackford, a London-based relocation firm, ranked the ten countries "where it is interesting to establish a physical and tax residence" in a recent report.
The ranking’s criteria are: taxes for individuals; quality of life; legal and physical security; economic investment program; geographical location and accessibility.
The first country on the list is the Bahamas, an island country in the Atlantic Ocean, North of Cuba and close to the U.S. It offers a personal income tax rate of 0%, "excellent" quality of life and political stability. You must buy real estate to gain residence.
The second is Andorra, a small mountainous principality situated between France and Spain. the personal income tax rate of 0 to 10% attracts French and Spanish border residents as well as Russians. To gain residence, you must invest €350,000 in the country and make a deposit of €50,000. From what I heard, it is not easy to access though.
The third country is another European principality, Monaco, with its accompanying sun and sea lifestyle. The 0% personal tax attracts Italians, Russians and Swiss among others. You must show "significant wealth" to obtain residence.
The fourth destination is Bulgaria, a Southeastern European country that joined the European Union i......................
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