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15 Dez. 2024

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TOP 4 most affordable tax-free countries to move to in 2025

Cost of living
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TOP 4 most affordable tax-free countries to move to in 2025

If you are looking for a cost-effective and comfortable place to live without income tax, the countries on this list offer great opportunities to start a new life in 2025.

Legal counselling on migration issues
Legal counselling on migration issues
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For those looking to live income tax-free, countries with a tax-free system seem like the perfect choice. However, living in such places requires not only knowing about the absence of taxes, but also taking into account other financial factors, including rent, utilities and living expenses. Let's take a look at the four most affordable tax-free countries to relocate to in 2025, based on the analysis of a Euronews Business report.


OMAN


Oman is the leader of the ranking, having received 7.92 points as the most affordable tax-free country. Its attractiveness is due to low housing and living costs:


🔻Rental costs: The average monthly rent is only €439.

🔻Buying a property: The price per square metre is 108 euros.

🔻Monthly expenses: Living in Oman will cost 699 euros plus 96 euros for utilities.

Average net salary: 2051 euros, of which 817 euros remain after all expenses.


Oman becomes an ideal choice due to the combination of low costs and comfortable residual income.


KUWAIT


Kuwait comes in second with a score of 6.49, offering attractive financial conditions for expats:


🔻Monthly expenses: Just €720 and utilities cost only €45.

🔻Rental price: The average price is 721 euros.

🔻Average net salary: 2552 euros, which allows you to save 1066 euros per month.


Kuwait pleases not only with the absence of taxes, but also with an impressive net salary exceeding 2500 euros.




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BAHRAIN


Bahrain scored 6.36 points, offering the second lowest cost of buying property among tax-free countries:


🔻Cost per square metre: €161.

🔻Monthly expenses: 788 euros, utilities - 116 euros.

🔻Rental housing: On average, 721 euros.

Average salary: Net income is about 2000 euros, leaving 302 euros after covering all basic expenses.


Bahrain is perfect for those looking for affordable housing and relatively low monthly costs.


UNITED ARAB EMIRATES (UAE)


The UAE is known for its infrastructure and high standard of living. They are ranked fourth among the most affordable tax-free countries:


🔻Monthly expenses: Accommodation costs 893 euros.

🔻Rental housing: The average price is 945 euros.

🔻Average salary: 3232 euros, which leaves 1237 euros of free income.


The Emirates remain a popular destination due to the high level of earnings, which allows you to comfortably cover expenses.


The tax-free Gulf countries, including Oman, Kuwait, Bahrain and the UAE, are leading the way thanks to low housing and living costs combined with high average salaries. However, when relocating, it is important to consider additional factors such as health insurance and income protection to ensure financial stability.


Our migration lawyers, who specialise in the selection of countries for those wishing to relocate, will help you with these and other issues. Request a legal consultation and get professional migration assistance.


We remind you! The cost of living in European cities can vary significantly even within the same country. We have talked about the cheapest cities in Europe where you can live comfortably and spend money economically.


Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.




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Visit Ukraine Insurance - insurance for a safe stay abroad without unnecessary expenses;

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gestellte Fragen

Which countries have no tax?

The Caribbean islands of Antigua and Barbuda, St. Kitts and Nevis, the UAE, and Monaco are among the best tax-free countries in the world. These countries have no income tax, and other taxes are reduced to a minimum.

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