Rising inflation and super-low interest rates, in some countries even negative interest rates, let the real interest rates slide into the minus, which shrinks the purchasing power of ordinary citizens. Many therefore try their luck in stock markets or crypto markets. Even if the chances of becoming rich are minimal, people want to take the risk and dare to invest. Who invests and makes profits, however, must also keep in mind the taxes that must be deducted from capital gains. These vary from country to country, which can quickly dampen your mood when looking forward to the profits. However, there are countries that are particularly investor-friendly, i.e. no capital gains taxes have to be paid. Here are 3 countries that you should keep in mind as an investor.
Singapore is considered one of the most investor-friendly countries as there is no capital gains tax. In addition, the country is one of the cleanest and one of the most developed in the world. But if you are thinking about moving to Singapore, you need to have a lot of capital, as Singapore is the third most expensive city in the world in 2021. This means the cost of living in Singapore is higher than in most parts of the world. This is certainly also due to inflation, which has already risen 3.8% this year. Nevertheless, Singapore is one of the most beautiful cities in the world, and who has ever been there can certainly confirm.
2. The Cayman Islands
The Cayman Islands are a group of islands in the western Caribbean. Being an investor and experiencing the Caribbean feeling at the same time, what more could you want. No capital gains taxes have to be paid here either. In addition, the Cayman Islands are also known as an important financial center. There are no direct taxes here and banking laws are far more relaxed, generally ensuring confidential transactions. Several hundred financial institutions and trust companies, among them most of the world’s 50 leading financial institutions, are registered here, turning the islands into one of the largest financial centers worldwide.
3. Saint Lucia
Saint Lucia is an island country in the Caribbean. Also here there is no capital gains tax which makes it an investor-friendly place. The currency in the island nation is the Eastern Caribbean dollar which is used by members of the Organization of Eastern Caribbean States (OECS). Investors here also get the great Caribbean weather, which allows them to do business and enjoy the vacation feeling at the same time. In addition, you can enjoy the Caribbean beaches in your free time.