Tired of losing 30-50% of your income to taxes? What if you could keep every dollar you earn—legally?
Contrary to popular belief, paying 0% tax isn’t just for billionaires. With the right strategy, digital nomads, entrepreneurs, and remote workers can legally slash their tax bill to zero.
Here’s how—using real, IRS/G20-approved loopholes (not shady offshore schemes).
The Golden Rule of Tax-Free Living
To pay 0% tax legally, you need:
- Tax residency in a zero-tax country.
- No ties to high-tax countries (like the US, UK, Canada, etc.).
- Structured income (remote work, business, investments).
Let’s break down the best tax havens for nomads in 2024.
1. Panama (Friendly Nations Visa + Territorial Tax)
How It Works:
- Panama only taxes income earned inside Panama.
- Foreign income (remote work, online biz) = 0% tax.
- Requirements:
- Get the Friendly Nations Visa (~$5k investment).
- Spend 1 day per year in Panama (yes, really).
Best For: Americans, freelancers, and online biz owners.
Bonus: Open a Panama bank account (strong privacy laws).
2. UAE (Dubai/Abu Dhabi – 0% Income Tax)
How It Works:
- UAE has no income tax, no capital gains tax, no corporate tax.
- Requirements:
- Get a freelance visa (~$4k) or open a Free Zone company.
- Rent an apartment (or use a flex-desk).
Best For: High-earners, crypto traders, and consultants.
Pro Tip: Combine with Ras Al Khaimah (RAK) for even lower costs.
3. Georgia (1-Year Visa + 0% Tax on Foreign Income)
How It Works:
- Georgia taxes only Georgian-sourced income.
- Requirements:
- Stay 183+ days/year to become a tax resident.
- Easy digital nomad visa (apply online).
Best For: Budget nomads, freelancers, and EU remote workers.
Bonus: 0% capital gains tax on crypto/stocks.
4. Puerto Rico (Act 22 – 0% Capital Gains Tax)
How It Works:
- US citizens only. Move to PR, and under Act 22, pay 0% federal tax on capital gains, dividends, and crypto.
- Requirements:
- Live in PR 183+ days/year.
- Don’t earn US-sourced income.
Best For: Crypto investors, stock traders, and retirees.
5. Cayman Islands (No Taxes, Period)
How It Works:
- 0% income tax, 0% corporate tax, 0% capital gains tax.
- Requirements:
- Need a work visa (hard to get) OR
- Set up an offshore company (~$15k+).
Best For: Wealthy expats, hedge funds, and biz owners.
BONUS: The “Tax Nomad” Strategy (For EU/UK Citizens)
If you can’t fully relocate, use the 183-day rule:
- Spend <183 days/year in your home country → not a tax resident.
- Live in low-tax countries (Portugal, Malta, Cyprus) the rest of the year.
Example:
- UK citizen lives in Portugal (NHR tax rate: 10%) + travels.
- Legally pays 90% less tax than if staying in the UK.
The #1 Mistake Nomads Make
Thinking they’re "tax-free" just because they travel.
- Most countries (US, UK, Canada) tax citizens worldwide.
- Solution: Either renounce citizenship (extreme) or move tax residency (easier).
How to Get Started
- Pick a tax haven (Panama, UAE, Georgia easiest).
- Establish residency (visa, rental contract, bank account).
- Cut ties with high-tax countries (close local bank accounts if possible).
- Structure income (freelance, LLC, trust).
Need Help? We work with tax lawyers who specialize in nomad strategies.