As global mobility increases and digital entrepreneurship flourishes, tax residency has become a strategic consideration for individuals and businesses seeking to optimise their financial affairs. Certain jurisdictions offer minimal or even zero personal income tax, competitive corporate tax regimes, and attractive residency pathways. In this guide, we examine eight destinations that stand out in 2025 for their tax efficiency: the United Arab Emirates, Saudi Arabia, Qatar, Bulgaria, Hungary, Malta, Cyprus, and Singapore.
The UAE remains one of the most appealing destinations for tax-conscious professionals and entrepreneurs. Residents pay no personal income tax on salaries, capital gains, or inheritance. Although a 9% corporate tax was introduced in 2023 for profits above a certain threshold, many free zone companies retain exemptions under specific conditions. Combined with high-quality infrastructure and favourable residency options, the UAE continues to be a top choice for those seeking a tax-efficient lifestyle.
Saudi Arabia imposes no personal income tax, allowing individuals to retain their full earnings. While businesses are subject to corporate tax and Zakat, salaried workers and expatriates benefit from a tax-free environment. The Kingdom’s Vision 2030 strategy is reshaping its economy, making it increasingly attractive to international investors and professionals.
Qatar also does not tax individual employment income, which makes it a magnet for expatriates and global talent. Although certain business activities are subject to corporate tax, individuals can earn without deductions. Ongoing investments in infrastructure, technology, and finance continue to position Qatar as a dynamic market for foreign professionals and entrepreneurs.
Bulgaria offers one of the lowest personal income tax rates in Europe, with a flat 10% applied across all earnings. Corporate tax is also fixed at 10%, making it highly attractive for entrepreneurs and freelancers. As an EU member state, Bulgaria provides access to the European single market, while maintaining low costs of living and a favourable tax environment. Its digital nomad visa programme further enhances its appeal for location-independent professionals.
Hungary stands out for its ultra-competitive corporate tax rate of just 9%—the lowest in the EU. The personal income tax rate is also reasonable at a flat 15%. With relatively low social security contributions and an efficient company registration process, Hungary is an appealing jurisdiction for entrepreneurs and SMEs looking to base operations in central Europe.
Malta operates a remittance-based tax system, meaning foreign income not brought into the country is generally not taxed. This system allows non-domiciled residents to significantly reduce their tax liability legally. Malta also offers residency schemes designed for high-net-worth individuals and investors. Its EU membership, English-speaking environment, and Mediterranean lifestyle make it a compelling option for globally mobile individuals.
Cyprus has developed a highly favourable tax regime, particularly for non-domiciled residents. Foreign dividends, interest, and certain capital gains are tax-exempt under the non-dom scheme, which lasts for 17 years. The first €19,500 (after the 2025 tax reform, this will increase to €20,500 per annum) of personal income is tax-free, with progressive rates applied thereafter. With a 50% income tax exemption for first-time employment in Cyprus, combined with a strong legal system, EU access, and an attractive lifestyle, Cyprus remains one of Europe’s leading destinations for tax optimisation.
Singapore combines low personal and corporate tax rates with world-class business infrastructure. Personal income tax is capped at 24% and applies only to income sourced in Singapore. Foreign income is generally not taxed unless remitted. The corporate tax rate is capped at 17%, and a range of tax incentives are available. Singapore’s economic stability, rule of law, and gateway position in Asia make it ideal for companies and professionals seeking a base in the region.
Each of these countries presents a unique combination of tax efficiency, residency opportunities, and business appeal. However, tax residency rules, substance requirements, and local obligations vary considerably. While income tax may be zero or low, other taxes—such as VAT, property taxes, or social contributions—may still apply.
Before relocating or establishing a business abroad, individuals should seek expert advice tailored to their circumstances. Careful planning and compliance are essential to ensure tax benefits are maximised legally and sustainably.
Contact Access Financial specialists for in-depth information on each country.