
A large fortune meets 4 taxes: on income, on gains, on wealth each year, and on what the children inherit. 10 of the 47 countries and territories on the board levy none of them. Here is every one, ranked on those 4 and then on how well it lives.
In short, current to October 2026
Each address on this page was last checked against its official sources between and . The sources for each are named on its page.
Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated . Cite as: Patrician.ch, Best countries for high net worth individuals, 2026: 47 ranked, patrician.ch/answers/best-countries-for-high-net-worth-individuals/, October 2026.
Each country is shown at its leading address. Ranked by how many of the 4 it levies, then by the engine's default reading.
| # | Country, leading address | Income tax on $1M | Capital gains | Wealth tax, top rate | Children inherit |
|---|---|---|---|---|---|
| 1 | The UAE, Dubai | 0% | 0% | none | 0% |
| 2 | Anguilla, Anguilla | 0% | 0% | none | 0% |
| 3 | Monaco, Monaco | 0% | 0% | none | 0% |
| 4 | St Kitts and Nevis, Christophe Harbour | 0% | 0% | none | 0% |
| 5 | The Cayman Islands, George Town | 0% | 0% | none | 0% |
| 6 | Antigua and Barbuda, St John's | 0% | 0% | none | 0% |
| 7 | Turks and Caicos, Providenciales | 0% | 0% | none | 0% |
| 8 | The Bahamas, Nassau | 0% | 0% | none | 0% |
| 9 | Panama, Panama City | 0% | 0% on foreign gains, 10% on Panama source gains | none | 0% |
| 10 | The British Virgin Islands, Virgin Gorda | 0% | 0% | none | 0% |
| 11 | Andorra, Andorra la Vella | 10% | 0% | none | 0% |
| 12 | Gibraltar, Gibraltar | 6% | 0% | none | 0% |
| 13 | Barbados, Platinum Coast | 27% | 0% | none | 0% |
| 14 | Singapore, Singapore | 21% | 0% | none | 0% |
| 15 | Hong Kong SAR, Hong Kong | 15% | 0% | none | 0% |
| 16 | Croatia, Hvar | 29% | 0% | none | 0% |
| 17 | The Czech Republic, Prague | 22% | 0% | none | 0% |
| 18 | Jersey, Jersey | 20% | 0% | none | 0% |
| 19 | Cyprus, Limassol | 34% | 0% | none | 0% |
| 20 | New Zealand, Queenstown | 38% | 0% | none | 0% |
| 21 | French Polynesia, Bora Bora | 25% | 0% | none | 0% |
| 22 | Luxembourg, Luxembourg | 43% | 0% after 6 months under a 10% stake | none | 0% |
| 23 | Uruguay, Punta del Este | 0% | 0% for 11 years by qualifying election, then 12% | 0.1% | 3% |
| 24 | Bermuda, Tucker's Town | 11% | 0% | none | up to 21% |
| 25 | Montenegro, Tivat | 17% | 17% | none | 0% |
| 26 | Malta, Valletta | 34% | 0% | none | 5% |
| 27 | Portugal, Lisbon | 48% | 28% | none | 0% |
| 28 | Indonesia, Bali | 33% | 35% | none | 0% |
| 29 | Australia, Sydney | 45% | 24% | none | 0% |
| 30 | Greece, Athens | 43% | 0% | none | 1% to 10% |
| 31 | Austria, Vienna | 48% | 28% | none | 0% |
| 32 | Israel, Tel Aviv | 45% | 30% | none | 0% |
| 33 | Switzerland, Zug | 21% | 0% | 0.22% | 0% |
| 34 | Mexico, Los Cabos | 34% | 10% | none | 0% |
| 35 | Liechtenstein, Vaduz | 18% | 0% | 0.8% | 0% |
| 36 | Dominican Republic, Casa de Campo | 25% | 25% | none | 3% |
| 37 | Thailand, Phuket | 33% | 35% | none | 5% |
| 38 | Spain, Palma | 47% | 28% | 3.5% | 0% |
| 39 | The United States, Aspen | 36% | 28% | none | 40% |
| 40 | Argentina, Buenos Aires | 34% | 15% | 0.75% | 0% |
| 41 | Germany, Munich | 45% | 26% | none | up to 30% |
| 42 | Japan, Tokyo | 52% | 20% | none | up to 55% |
| 43 | St Barths, Gustavia | 44% | 35% | none | 0% local |
| 44 | The United Kingdom, London | 43% | 24% | none | 40% |
| 45 | Puerto Rico, San Juan | 31% | 15% | none | 0% local |
| 46 | France, Provence | 44% | 35% | 1.5% | up to 45% |
| 47 | Italy, Rome | 46% | 26% | 0.2% | 4% |
Headline rates. Where a country is modeled on its regime for arrivals, the address page names the regime.
For a fortune above $100M: best country to live in if you are rich. For the regimes Europe offers a large foreign income: Swiss lump sum vs Italy's flat tax.
Dubai in the UAE ranks first on the Patrician.ch board among the 10 countries and territories that tax neither income, gains, wealth nor a child's inheritance.
Anguilla and Monaco follow. Income, passports, family and home base reorder the list, which is what the engine is for.
The UAE had the largest forecast net inflow of millionaires for 2025, 9,800, followed by the United States at 7,500 (Henley).
The full table is on where millionaires are moving.
Monaco, which taxes none of the 4.
Inside the EU, special regimes for arrivals do most of the work. Italy's flat tax and Switzerland's lump sum are compared here.
At a large balance sheet, wealth tax and inheritance usually cost more than income tax.
A 1% wealth tax on $20M is $200K a year before any income is earned. That is why the ranking counts all 4.
Usually $1M or more in liquid investable wealth, the definition Henley uses for its millionaire migration figures.
Ultra high net worth usually means $30M or more.
10 of the 47 countries and territories on the Patrician.ch board levy none of the 4: the UAE, Anguilla, Monaco, St Kitts and Nevis, the Cayman Islands, Antigua and Barbuda, Turks and Caicos, the Bahamas, Panama and the British Virgin Islands.
Each is read at its leading address, on $1M of income, listed securities, the top wealth tax rate and what a spouse and children inherit. Where a country is modeled on its regime for arrivals, the address page names the regime. A US citizen stays inside US income and estate tax wherever they live.
On the 4 taxes a fortune meets, Dubai in the UAE ranks first of the 47 countries and territories on the Patrician.ch board, followed by Anguilla and Monaco.
The cities with the most resident millionaires are a different list: where rich people live.
The income tax of Dubai, Anguilla, Monaco, Christophe Harbour, George Town and St John's, side by side on 2026 rates. Your readers type their own salary and the places reorder. Free on any site, with the credit line under it.
<div class="pc-embed" data-src="https://patrician.ch/embed/compare/?c=dubai,anguilla,monaco,christophe-harbour,george-town-cayman,st-johns-antigua&inc=1000000" data-h="1270" data-title="Income tax in Dubai, Anguilla, Monaco, Christophe Harbour, George Town and St John's, Patrician.ch"> <p class="pc-credit" style="margin:6px 0 0;font-size:.875em;line-height:1.4">Research by <a href="https://patrician.ch/answers/best-countries-for-high-net-worth-individuals/">Patrician.ch</a></p> </div> <script src="https://patrician.ch/embed/lock.js" async></script>
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Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Figures are for a non-US single filer. Wealth tax, an exit and your passports are added when you run the engine on your own numbers. Not advice. Residence rules change often. Verify before acting.
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