Jurisdictions · By country

Countries With No Personal Income Tax: 37 Family Office Hubs Compared

Updated 20 October 2026 · data checked 18 October 2026 or later · ✓ How we check

Nine of the 37 places we track levy no personal income tax on residents' salaries and investment income: the UAE (DIFC, ADGM and DMCC), where the government says it does not levy income tax on individuals and only business turnover above AED 1 million can bring an individual into corporate tax; Bahrain; Qatar, where the QFC states 0% personal tax and PwC says salaries are not taxed, though a self-employed person may be taxed on income from Qatar; Saudi Arabia, where PwC reports no individual income tax scheme (no official page says so in those words, and Saudi residents running a licensed activity pay zakat); Monaco, whose residents pay no income tax, except French nationals; the Cayman Islands, where a government page lists no income tax and no capital gains tax; and the Bahamas, which has no personal income or capital gains tax, according to PwC and the government. Bermuda and the British Virgin Islands have no income tax on investment income either, according to law firms and Deloitte, but tax salaries through payroll tax: employee rates of up to 12.5% in Bermuda in 2026, and 8% deducted from employees in the BVI. Four more keep the top rate at 24% or less: Hong Kong caps salaries tax at the standard rate of 15% on the first HK$5 million and 16% above, Jersey's income tax is at most 20%, Guernsey charges a flat 20% with optional caps, and Singapore's top rate is 24%; Jersey and Guernsey have no capital gains tax. The other 22 tax residents' income, at top rates that reach about 55.9% in Japan (at the standard local rate, our calculation); our guides list newcomer regimes or special rules for foreign income in 15 of them, from Italy's EUR 300,000 a year on foreign income and Greece's EUR 100,000 to Turkey's 20-year exemption for the foreign income of new residents (Law 7582 of June 2026).

No personal income tax

No income tax, but payroll tax on salaries

Income tax with a top rate of 24% or less

Income tax, with special terms for newcomers or foreign income

Income tax applies (no newcomer regime in our guides)

What to take from the table

• No income tax is not no tax. The UAE charges 5% VAT, and corporate tax reaches an individual's business turnover above AED 1 million; Saudi residents running a licensed activity pay zakat; Monaco levies VAT on the same basis as France; KPMG reports that Bahrain's draft corporate income tax law could cover individuals carrying on a business above its thresholds; the Bahamas charges 10% VAT, and the Cayman Islands import duty, generally 22% to 27% (PwC).
• Citizenship can matter as much as residence. US citizens and permanent residents are taxed on their non-US income too, and Monaco's exemption does not cover French nationals.
• Newcomer regimes differ in who can use them. Italy's and Greece's flat amounts are for people who move their tax residence (Greece also asks for a EUR 500,000 investment); Switzerland's lump-sum taxation and Liechtenstein's taxation on expenditure are for foreign nationals who do not work there, and Zurich and some other cantons have abolished the lump sum; Portugal's IFICI (20% for 10 years) and Spain's article 93 regime (24% up to EUR 600,000) are for people who move to work in qualifying roles; Turkey's exemption needs three calendar years without Turkish residence or tax liability; the UK gives 4 years of relief on foreign income and gains after 10 years abroad.
• Some places tax foreign income only when it is brought in. Malta taxes non-domiciled residents on foreign income received in Malta, with a EUR 5,000 minimum tax if their foreign income is at least EUR 35,000 (PwC); Ireland does the same for non-domiciled residents' foreign income from securities and possessions; Japan does so for non-permanent residents (five years or less of residence in the last ten); Australia leaves most foreign income of temporary residents untaxed; Malaysia exempts foreign income received by resident individuals if it was taxed abroad (to 2026 according to the Inland Revenue Board, to 2036 according to PwC).
• Gulf income can be treated harshly elsewhere. Portugal's tax authority says dividends from a Dubai company are taxed at 35% for IFICI holders, because the UAE is on Portugal's list of clearly more favourable tax regimes.
• Rates change. Ireland's Budget 2027 would cut capital gains tax from 33% to 31% (in a Bill, not yet enacted); Mauritius adds a 35% rate above MUR 12 million from the income year ending 30 June 2027, in place of the 15% Fair Share Contribution on that income (EY); Guernsey approved a 15% band and a 3% GST from 2029; Japan tightens its minimum tax on very high incomes from 2027.

"Personal income tax" in each row is a one-line summary; each guide gives the full rule with numbered sources. Reported means a law firm or another reliable source, not an official one.