Tax Havens, where should a Trader live.


Let’s be honest, nobody likes to pay Taxes. As a Trader, we have the huge Advantage that we can live wherever we want. What I mean is, that we don’t have to find a Job in the Area where we would like to live and if we can live (almost) everywhere, why not go to a Country where we don’t have to pay Taxes on our Capital Gains.
I live in Germany and I have to pay roughly 26.375% on my Capital Gains.
I am not super Rich, but some day I will be. So I was doing some research to find out in which Countries Capital Gains are not taxed at all.

The following Countries are a Traders Heaven, because they can keep their Profits.

Hong Kong

Official languages: Chinese, English
Ethnic groups (2017): 92.0% Chinese, 2.5% Fillipino, 2.1% Indonesians, 0.8% White, 2.6% others
Religion: Buddhism, Confucianism, Taoism and Christianity
Area: 2,755 km² (1,064 sq mi)
Population 2017: estimate 7,409,800

Cayman Islands

Capital: George Town
Official languages: English
Ethnic groups (2011): 40% Mixed, 20% Black, 20% White, 20% other
Area: 264 km² (102 sq mi)
Population: 60,765

Singapore

Capital: Singapore (city-state)
Official languages: English, Malay, Mandarin, Tamil
Ethnic groups: 74.3% Chinese, 13.3% Malay, 9.1% Indian, 3.3% Others
Religion: 33.2% Buddhism, 18.8% Christianity, 18.5% No religion, 14.0% Islam, 10.0% Taoism and folk religion, 5.0% Hinduism, 0.6% Others
Area: 719.9 km² (278.0 sq mi)
Population 2016: estimate 5,607,300

Bahamas

Capital: Nassau
Official languages: English, Bahamianese
Ethnic groups (2016): 92.7% African, 4.7% European, 2.1% Mixed, 1.9% other
Religion: Protestant (80%), Roman Catholic (14.5%), Other Christian (1.3%), Unaffiliated (3.1%), Other religion (1.1%)
Area: 13,878 km² (5,358 sq mi)
Population 2016: estimate 391,232

Andorra

Capital: Andorra la Vella
Official languages: Catalan
Ethnic groups (2012): 49% Andorran, 24.6% Spanish, 14.3% Portuguese, 3.9% French, 8.2% others
Religion: Catholic (88.2%), Anglican Church, the Unification Church, the New Apostolic Church and Jehovah’s Witnesses.
Area: 467.63 km² (180.55 sq mi)
Population 2016: estimate 77,281

Malta

Capital: Valletta
Official languages: Maltese, Maltese Sign Language, English (Italian spoken and understood by 66% of the population)
Ethnic groups (2012): 95.17% Maltese, 4.83% Non-Maltese
Religion: Roman Catholic Church
Area: 316 km² (122 sq mi)
Population 2014: estimate 445,426

Belize

Capital: Belmopan
Official languages: English
Recognized languages: Belizean Creole, Garifuna, Mayan languages, Spanish
Ethnic groups (2010): 53.9% Mestizo, 23.9% Creole, 11.3% Mayan, 6.1% Garifuna, 3.9% South Asian, 4.6% European, 1.2% Other white, 1.0% East Asian, 1.2% Other, 0.3% Unknown
Religion: Roman Catholic (29.1%), Pentecostal (28.4%), Seventh-day Adventist (18.4%), Anglican (4.7%), Mennonite (3.7%), Baptist (3.6%), Methodist (2.9%), Nazarene (2.8%), Jehovah’s Witness (1.7%), Not religious (0.5%), Other religions (6.2%)
Area: 22,966 km² (8,867 sq mi)
Population 2017: estimate 387,879

Due to the fact that The Bahamas, Cayman Islands and Belize are almost in the same Timezone as New York (so I could trade in the Morning and not in the middle of the night or in the Evening), I would choose one of them, probably the Bahamas.
They also have the best weather and they speak English.

Leave a Reply

Your email address will not be published.