Sure! Here’s a list of countries that were considered tax havens in 2014 for starting a business or opening a company, along with their advantages,
| Country | Advantages |
|---|---|
| Cayman Islands | – No corporate tax<br> – No income tax<br> – No capital gains tax<br> – Business-friendly regulations |
| Switzerland | – Low corporate tax rates<br> – Stable economy<br> – High privacy standards<br> – Skilled workforce |
| Hong Kong | – Low corporate tax rates<br> – No VAT or sales tax<br> – Strategic trade hub<br> – Ease of business setup |
| Singapore | – Low corporate tax rates<br> – Strategic location<br> – Double tax treaties<br> – Strong IP protection |
| United Arab Emirates (Dubai) | – No corporate tax<br> – No personal income tax<br> – Free zones with additional benefits<br> – Strategic location |
| Luxembourg | – Low corporate tax rates<br> – Favorable for holding companies<br> – Strong financial sector<br> – Political stability |
| Ireland | – Low corporate tax rate<br> – EU member state benefits<br> – Skilled workforce<br> – Business-friendly environment |
| Bermuda | – No corporate tax<br> – No personal income tax<br> – Business-friendly regulations<br> – Strong insurance sector |
| Isle of Man | – Low corporate tax rates<br> – No capital gains tax<br> – Strong financial services sector<br> – Political stability |
| British Virgin Islands | – No corporate tax<br> – No capital gains tax<br> – Business-friendly regulations<br> – Confidentiality |
| Panama | – Territorial tax system<br> – No taxes on foreign-sourced income<br> – Ease of business setup<br> – Strategic location |
| Monaco | – No personal income tax<br> – Low corporate tax rates<br> – High standard of living<br> – Political stability |
| Mauritius | – Low corporate tax rates<br> – Double tax treaties<br> – Strategic location<br> – Growing financial sector |
| Bahamas | – No corporate tax<br> – No personal income tax<br> – Business-friendly regulations<br> – Confidentiality |
Here’s a structured comparison of corporate and personal tax rates in the countries listed as tax havens in 2014:
| Country | Corporate Tax Rate | Personal Tax Rate | Advantages |
|---|---|---|---|
| Cayman Islands | 0% | 0% | – No corporate tax<br> – No income tax<br> – No capital gains tax<br> – Business-friendly regulations |
| Switzerland | Approx. 8.5%-24% (varies by canton) | Up to 40% (varies by canton) | – Low corporate tax rates<br> – Stable economy<br> – High privacy standards<br> – Skilled workforce |
| Hong Kong | 16.5% | 2%-17% (progressive) | – Low corporate tax rates<br> – No VAT or sales tax<br> – Strategic trade hub<br> – Ease of business setup |
| Singapore | 17% | 0%-22% (progressive) | – Low corporate tax rates<br> – Strategic location<br> – Double tax treaties<br> – Strong IP protection |
| United Arab Emirates (Dubai) | 0% (varies in free zones) | 0% | – No corporate tax<br> – No personal income tax<br> – Free zones with additional benefits<br> – Strategic location |
| Luxembourg | 18%-28% (varies by income) | 0%-42% (progressive) | – Low corporate tax rates<br> – Favorable for holding companies<br> – Strong financial sector<br> – Political stability |
| Ireland | 12.5% | 20%-40% (progressive) | – Low corporate tax rate<br> – EU member state benefits<br> – Skilled workforce<br> – Business-friendly environment |
| Bermuda | 0% | 0% | – No corporate tax<br> – No personal income tax<br> – Business-friendly regulations<br> – Strong insurance sector |
| Isle of Man | 0%-10% (standard rate 0%) | 10%-20% (progressive) | – Low corporate tax rates<br> – No capital gains tax<br> – Strong financial services sector<br> – Political stability |
| British Virgin Islands | 0% | 0% | – No corporate tax<br> – No capital gains tax<br> – Business-friendly regulations<br> – Confidentiality |
| Panama | 25% | 0%-25% (progressive) | – Territorial tax system<br> – No taxes on foreign-sourced income<br> – Ease of business setup<br> – Strategic location |
| Monaco | 0%-33.33% (varies by activity) | 0% | – No personal income tax<br> – Low corporate tax rates<br> – High standard of living<br> – Political stability |
| Mauritius | 15% | 10%-15% (progressive) | – Low corporate tax rates<br> – Double tax treaties<br> – Strategic location<br> – Growing financial sector |
| Bahamas | 0% | 0% | – No corporate tax<br> – No personal income tax<br> – Business-friendly regulations<br> – Confidentiality |