Puerto Rico
For Americans looking to greatly reduce their tax without giving up their passport and stay within a short flight from the mainland.
Benefits
- Tropical island
- Low cost of life
- Spanish speaking
- 2.5h to Miami, 4h to NYC, 9-11h to SFO
Recommended neighborhoods:
condado/ocean park /Isla verde, dorado (suburbs), Las Palmas and Rincon
Relevant laws:
Act 60: 4% income tax and 0% capital gains tax
Previously: Act 20 & Act 22 which have been merged and updated into Act 60.
Services
https://relocatepuertorico.com/
Degens in the island:
BowTiedDuck https://twitter.com/BowTiedDuck
BowTiedMastadon https://twitter.com/BowTiedMastadon
Singapore
For everyone else looking to greatly reduce their tax level.
Relevant laws: Sections 13 (7A) to 13 (11) of the Income Tax Act (ITA) of Singapore exempts foreign sourced income from taxation
Features:
- High density (limited space/expensive)
- Highly developed economy
- Can achieve 0% taxation level
- High cost of life
- High cost/demanding VISA application (Entrepenour)
Degens in the island:
BowTiedBull https://twitter.com/BowTiedBull
Honorary mentions:
Portugal: one of the best destinations if your income/wealth is fully derived from crypto, as it’s fully exempted from taxation. Low cost of life, in Europe, Mediterranean weather. The capital Lisbon is a small but growing international start up scene.
Dubai: no income taxation, high cost of life