Answers · current to September 2026

Europe, for a high earner.

52 addresses in 20 European countries and territories, ranked by what $1,000,000 of income keeps.

In short, current to September 2026

  • 52 of the 100 addresses on the Patrician.ch board sit in 20 European countries and territories.
  • Monaco is the only one with no personal income tax. The next lowest effective rate on $1,000,000 is 10% in Andorra la Vella.
  • Inside the European Union, Prague in the Czech Republic keeps the most, at an effective 22%.
  • 11 European countries on the board run a special tax regime for arriving foreigners: Switzerland, Jersey, Gibraltar, Cyprus, Malta, Greece, the United Kingdom, Spain, Italy, France and Portugal. A regime you qualify for can change the rate a great deal, and each address page names the one that applies.
  • Figures are current to September 2026. Several European regimes changed inside the last 24 months, and each address page names the month.

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 48 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to September 2026. Updated . Cite as: Patrician.ch, Best countries in Europe for a high earner, 2026, patrician.ch/answers/best-countries-in-europe-for-high-earners/, September 2026.

Ranked

The top 15 in Europe, on $1,000,000.

Effective income tax on $1,000,000 for a single filer. The regime for arrivals, where one applies, is named on each address page.

01
Monaco 🇲🇨 Monaco$10M kept over 10 years, no capital gains tax
0%
02
Andorra la Vella 🇦🇩 Andorra$9.0M kept over 10 years, 10% on gains
10%
03
Vaduz 🇱🇮 Liechtenstein$8.3M kept over 10 years, no capital gains tax, wealth tax 0.2%
17%
04
Tivat 🇲🇪 Montenegro$8.3M kept over 10 years, 17% on gains
17%
05
Zug 🇨🇭 Switzerland$8.0M kept over 10 years, no capital gains tax, wealth tax 0.22%, special regime for arrivals
20%
06
Jersey 🇯🇪 Jersey$8M kept over 10 years, no capital gains tax, special regime for arrivals
20%
07
Gibraltar 🇬🇮 Gibraltar$7.9M kept over 10 years, no capital gains tax, special regime for arrivals
21%
08
Prague 🇨🇿 Czech Republic$7.8M kept over 10 years, no capital gains tax
22%
09
Hvar 🇭🇷 Croatia$7.1M kept over 10 years, 12% on gains
29%
10
Zermatt 🇨🇭 Switzerland$6.8M kept over 10 years, no capital gains tax, wealth tax 0.4%, special regime for arrivals
32%
11
Verbier 🇨🇭 Switzerland$6.8M kept over 10 years, no capital gains tax, wealth tax 0.4%, special regime for arrivals
32%
12
Lucerne 🇨🇭 Switzerland$6.8M kept over 10 years, no capital gains tax, wealth tax 0.3%, special regime for arrivals
32%
13
St. Moritz 🇨🇭 Switzerland$6.8M kept over 10 years, no capital gains tax, wealth tax 0.3%, special regime for arrivals
32%
14
Lugano 🇨🇭 Switzerland$6.8M kept over 10 years, no capital gains tax, wealth tax 0.3%, special regime for arrivals
32%
15
Zurich 🇨🇭 Switzerland$6.8M kept over 10 years, no capital gains tax, wealth tax 0.65%
32%
Questions

The short answers.

What is the best country in Europe for a high earner in 2026?

Monaco levies no personal income tax and ranks first in Europe on the Patrician.ch board.

After it, Andorra la Vella (10%) and Vaduz (17%) keep the most of $1,000,000.

Which EU country has the lowest tax for high earners?

The Czech Republic, at an effective 22% on $1,000,000 in Prague.

Croatia follows at 29%. A regime for new arrivals, where one applies, can change the order.

Which European countries have tax regimes for new residents?

Switzerland, Jersey, Gibraltar, Cyprus, Malta, Greece, the United Kingdom, Spain, Italy, France and Portugal each run a special regime for arriving foreigners.

Each carries a qualifying test and most run for a fixed number of years. The full list is on the special regimes page.

Which European countries have no capital gains tax?

16 of the 52 European addresses on the board levy no personal capital gains tax on listed securities, in Monaco, Liechtenstein, Switzerland, Jersey, Gibraltar, the Czech Republic and Cyprus.

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The general case, ranked: Where should high earners live in 2026 · Best country to live in if you are rich · Best countries for high earners after tax · Europe · United States

Tax figures use a simplified marginal model with indicative 2026 brackets for a non-US single filer, ignore social contributions, most deductions, wealth taxes, and treaties, and are not advice. Residence rules change often. Verify before acting.

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