The most attractive tax destinations in 2025

Iron Conseil can help you realise your expatriation plans, taking into account your family and professional objectives.

Transferring your tax residence abroad requires careful prior analysis of the tax situation in the destination country and the consequences of this change of lifestyle on the taxation of your income and assets in the country you are leaving. A reassessment of the relevance of the structures already in place can be crucial.

Some countries offer particularly advantageous conditions to new residents. Take a look at the list below. 

 

Europe

1. Monaco

No income tax: With the exception of French nationals, Monegasque residents are not liable for any income tax.
Territoriality of gift and inheritance tax: Only assets located or having their registered office in the Principality are subject to gift and inheritance tax.

2. Italy

Regime for newly retired residents: Taxation at a fixed rate of 7% for 10 years on foreign-source income if you move to certain regions in the south of Italy.
Impatriate regime: Foreign-source income is exempt from Italian income tax for 15 years if an annual lump sum of €100,000 is paid.

3. Portugal

Tax incentive scheme for scientific research and innovation (IFICI): Application of a special rate of 20% on salaries and local professional income and exemption of professional income and passive income from foreign sources for 10 years (property income, interest, dividends and capital gains).
No gift or inheritance tax: Stamp duty at the marginal rate of 10% applies to gratuitous transfers of property located in Portugal, with total exemption for spouses, descendants and ascendants.

4. Spain

Qualified impatriate regime ("Beckham Law"): Tax at a flat rate of 24% on foreign-source income of new residents, their spouses and children under 25 up to €600,000 for 6 years.
Impatriate investor scheme ("Loi Mbappé"): New residents moving to Madrid can deduct 20% of the amount of their local financial investments from their regional income tax bracket, provided they keep them for 6 years.

5. Greece

Newly retired residents scheme: Taxation at a flat rate of 7% on foreign-source income of newly retired residents for 15 years.
Impatriate regime: Flat-rate tax of €100,000 per year for 15 years, subject to a minimum investment of €500,000 in Greece.

6. Switzerland

Lump sum taxation: Substitute flat-rate tax of at least 300,000 Swiss francs negotiated on the basis of the taxpayer's annual expenses and the rental value of the home he or she occupies for new residents who do not have Swiss nationality and are not gainfully employed in Switzerland.
Disparities in marginal tax rates between cantons: There are three levels of taxation to consider when moving to Switzerland: federal, cantonal and communal. Tax differences between cantons can be exploited to reduce the tax burden on the taxpayer.
No taxation of capital gains on transferable securities: Exemption of capital gains on transferable securities if they relate to the management of private assets.

 

Middle East

7. United Arab Emirates (Dubai)

No income tax: UAE residents are not liable for any local income tax.
No gift or inheritance tax: Free transfers made by UAE residents are not subject to local tax.
Conventional network: Living in the United Arab Emirates means you can take advantage of an increasingly extensive conventional network.
Advantageous company taxation: Companies are taxed at a rate of 9%, unless they are established in a free zone.

Asia-Pacific

8. Singapore

Territoriality of income tax: Local taxation of foreign-source income limited to income received through a partnership in Singapore.
No capital gains tax: Capital gains on both property and securities are not subject to any local tax.
No gift or inheritance tax: Inheritance tax was abolished in 2008.

9. Thailand

Limited taxation of foreign-source income: Foreign-source income is fully exempt if it is not received in Thailand.
Advantageous tax treatment of gifts and inheritances: tax at a maximum rate of 5% on gratuitous transfers to a spouse, ascendant or descendant, and substantial tax allowances.

10. Polynesia

Property appreciation potential: The scarcity of available property combined with growing demand is creating attractive investment opportunities.
No income tax.
No gift or inheritance tax.

Conclusion
Regardless of the tax advantages of the country in which you have chosen to settle, careful planning will ensure that your tax burden is limited. Iron Conseil has the expertise required to help clients take up residence in countries such as Japan, Australia, the United States and France.