Taxes are the biggest expense for most of us. Some folks with a remote job live as 'Digital Nomads'. Some countries even give digital nomad visas.
US citizens: Stay outside of the US for at least 330 days within a 12-month consecutive period. You do not have to pay US federal taxes on the first $120,000 (for 2023) of your foreign-earned income (foreign-earned income exclusion).
Countries with no taxes
Anguilla
Antigua and Barbuda
Aruba
Bahamas (No income tax for residents either)
Barbados
Bermuda (No income tax for residents either)
Cabo Verde
Cayman Islands (No income tax for residents either)
Costa Rica
Croatia
Curaçao
Dominica
Iceland (stay up to 183 days and pay no local tax)
Indonesia (Bali)
Montserrat
Romania
Seychelles
UAE (Dubai) (No income tax for residents either)
Estonia (stay up to 183 days and pay no local income tax)
Malta (tax exemption for worldwide income but income earned from Malta sources is subject to local income tax; no tax on capital gains)
Panama (only income from Panamanian sources is subject to local income tax)
Portugal (no tax on overseas income; 20% tax rate on income earned in Portugal as opposed to progressive residential tax rate)
English speaking countries
Anguilla, Antigua and Barbuda, Bahamas, Barbados, Bermuda, Dominica
Countries with free public schools
Countries with reduced taxes
Cyprus (50% of income excluded from local income taxes)
Georgia (if you are an entrepreneur, only 1% of business gross revenue is taxed)
Italy (70% of income excluded from local income taxes, 90% of income excluded from local income taxes if you reside in one of the sparsely populated central or southern regions)
Spain (15% income tax rate as opposed to progressive residential tax rate)
Greece (50% of income excluded from local income tax and social security payments)
