Income Tax-Free Destinations: What Are Your Thoughts?


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Hello everyone.

I'm curious about the growing trend of income tax-free destinations. For digital nomads or entrepreneurs, countries like the UAE, Monaco, and the Bahamas that don't impose personal income tax sound like an attractive opportunity to keep more of their earnings. But I wonder, how much of an impact do factors like higher living costs or indirect taxes have on these locations?

In the end, are these income tax-free destinations truly as beneficial as they seem? You can read more about the best countries with no income taxes here: https://nomadoffshoreacademy.com/best-countries-with-no-income-taxes/. Has anyone lived in one of these places, and what has your experience been?

Would love to hear your insights.

Edited by susanmark
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