In the world, there are many countries that do not tax real estate. The main reason for these countries eliminating this tax system is to promote economic and financial growth by attracting foreign investors and buyers.
Buying real estate in these countries, investors can save a relatively large amount of money because they do not have to pay taxes. Here is a list of some typical countries:
Monaco
Known as one of the largest but most beautiful countries in Europe, famous for its coastal houses, Monaco does not tax real estate at all to individual owners.
Because it does not tax real estate, Monaco's attraction has increased, becoming a dream destination for many individual investors from all over the world.
If you want to rent a house in Monaco, the owner only has to pay a fairly light tax rate - only 1%, sometimes this tax is paid by the tenant. Monaco is considered one of the "tax paradises" for the rich around the world.
Malta
Located between Sicily and North Africa, Malta is one of the world's famous tourist destinations thanks to its climate conditions, beautiful beaches and a favorable business environment for startups.
Malta is also a favorite destination for those looking to expand, especially foreign entrepreneurs. To stimulate economic and financial growth, the Malta government has implemented many policies to prioritize foreigners, including not taxing real estate.
Fiji
Located in the Atlantic Ocean, Fiji is a beautiful country with great tourism potential. Real estate owners in Fiji can also easily become permanent residents and have a permanent residence in this island nation.
Another attractive benefit that Fiji residents enjoy is the territorial tax system, which stipulates that people with income from outside Fiji do not need to pay any taxes. Thanks to this advantage, Fiji is considered an attractive destination, with many opportunities for real estate investment at relatively low prices, attracting foreign investors.
Dominica
The Dominican Republic is famous for its many majestic natural landscapes in the Caribbean. This country is also considered the safest country in the Caribbean because the crime rate targeting tourists is low, residents live in harmony and are friendly to nature.
Dominica is chosen by many people when they want to have a second nationality. This country does not impose a real estate tax, foreigners can buy real estate to become citizens. However, although real estate tax is exempt for individuals, some areas such as Roseau and Canefield may apply urban tax.
United Arab Emirates (UAE)
The UAE, especially Dubai, is also considered the "tax paradise" of the world, not only exempting real estate tax but also offering many other tax incentives.
The UAE is becoming a favorite destination for foreign investors because of its tax benefits, real estate prices are still softer in many places and large-scale projects of world scale.
