Where do you pay the least tax?

Note: Non-binding, simplified estimate for a country comparison (as of 2026). For each country, the standard optimized expat setup is assumed; Local earned income is taxed locally; remote/foreign income is subject to territorial taxation or is exempt from remittance tax (0%)—with the exception of Cyprus, which also taxes remote earned income. Both components can be combined. Corporate income tax: Cyprus 15%, Georgia 15% (upon distribution), Malta effective 5% (6/7 refund), Monaco 25% (Company with >25% foreign revenue; purely local 0%), Thailand 20%, Dubai 0% (Free Zone), Paraguay 10%. Local dividends: Cyprus 2.65%, Georgia 5%, Malta 0% (full credit), Monaco 0%, Thailand 10%, Dubai 0%, Paraguay 8% (IDU). Crypto: Cyprus 8%, elsewhere 0%. Monaco: 0% income, capital gains, dividend, and crypto taxes for residents (exception: French citizens), ~11.7% social security for local employment. Social security is only partially taken into account; tax exemptions, minimum taxes, tax treaties, and special cases are not included. Exchange rates are approximate. This calculation replaces no individual tax advice. For a binding assessment, please book a consultation.