Which is the best tax free Caribbean country to retire , if money is not an issue? (Or any tax free country in the world)

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troubled soul

troubled soul

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Aug 23, 2020
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If money is not an issue, which Caribbean country or island is the best to retire in?
I have learned online that the Bahamas and the Cayman Islands have a high standard of living.
What are the pros and cons of each country?
Do any of you live in either of these countries?
What are the pros and cons of living there? How do the two countries compare?
Are there any other Caribbean islands that would be good for retirement?
Finally, if money is not an issue, what is the best tax-free country in the world to retire in?

Thanks
 
troubled soul said:
troubled soul said:
If money is not an issue, which Caribbean country or island is the best to retire in?
I have learned online that the Bahamas and the Cayman Islands have a high standard of living.
What are the pros and cons of each country?
Do any of you live in either of these countries?
What are the pros and cons of living there? How do the two countries compare?
Are there any other Caribbean islands that would be good for retirement?
Finally, if money is not an issue, what is the best tax-free country in the world to retire in?

Thanks
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Finally, if money is not an issue, what is the best tax-free country in the world to retire in?
One country = Monaco
 
troubled soul said:
troubled soul said:
I have learned online
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take a couple of years to tour and live the Caribbean and form your own opinion.

troubled soul said:
troubled soul said:
If money is not an issue
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What do you mean with that?
Do you have enough money to ignore how much you have? Can you afford not to look at the price tag of whatever you buy?

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troubled soul said:
troubled soul said:
What are the pros and cons of each country?
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Too many to mention. But in short Cayman Islands is a British Overseas Territory and has no taxes whatsoever. Bahamas has some taxes sadly like high property taxes.

troubled soul said:
troubled soul said:
Do any of you live in either of these countries?
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I am retired in Bahamas but was also born in Bahamas.

troubled soul said:
troubled soul said:
What are the pros and cons of living there? How do the two countries compare?
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If you have money both will offer super high standard of living most people won't be able to get their heads around. Your question is too broad however.


troubled soul said:
troubled soul said:
Are there any other Caribbean islands that would be good for retirement?
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St Kitts & Nevis. John Cleese liked it enough he retired to there.

https://spearswms.com/wealth/john-cleeses-escape-st-kitts-and-nevis/
You also got BVI. Both these islands have super low populations (less then 50k each) and are suited to quiet tax free retirement living and passing on wealth tax free.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
Martin Everson said:
Martin Everson said:
You also got BVI. Both these islands have super low populations (less then 50k each) and are suited to quiet tax free retirement living and passing on wealth tax free.
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each Caribbean island has its own soul, you need to explore them all to find the perfect match for you.
There are none I would avoid (just Haiti perhaps).
One can also consider true nomadic lifestyle and live on a yacht while touring the Caribbean Sea.

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 
Does your passport make any difference ?
If you are from Africa or Asia, which will be the best choice ?
 
IMO it's SEA.

Countries like Thailand, Malaysia or Singapore have a high standard of living and with proper planning you can legally live tax-free in them. This tax-free treatment is even easier to achieve if income comes from retirement pensions or foreign investments.
 
scooterguy said:
scooterguy said:
IMO it's SEA.

Countries like Thailand, Malaysia or Singapore have a high standard of living and with proper planning you can legally live tax-free in them. This tax-free treatment is even easier to achieve if income comes from retirement pensions or foreign investments.
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one needs to be a special kind of breed to retire in Singapore.
 
scooterguy said:
scooterguy said:
If money is not an issue it's a great place to live in. Everything works, there is virtually no crime, it's clean, etc.
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Yes it is clean and there is low crime levels, but they be hanging people which ensures low crime. They hung two people last week alone 😕.

https://www.theguardian.com/world/2...ecute-death-penalty-saridewi-djamani-executed
The other problem is you need to be a millionaire to own even a good spec Toyota Corolla in Singapore 🙁. Car ownership costs are insane. I mean bidding $87k just for the right to own a car for 10 years. After which you must renew for another 10 years at likely $150K+ (as price of COE keeps increasing in each year). Otherwise you must export your car out of Singapore...madness. And the tax on cars is crazy.

https://moneykinetics.sg/cost-to-own-a-car-in-singapore/​


Go look at price of a a base 911 Porsche in Singapore...lol.

https://www.porsche.com/singapore/en/models/911/
I mean SGD 560k (EUR 381k or $418k) for a base 911 Carrera without options!!!!! 😳

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
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