Answers · current to September 2026

Where to live before the exit.

A $10,000,000 liquidity event and $1,000,000 a year of income, ranked on what is kept over 10 years, with what the country you leave charges on the way out.

In short, current to September 2026

  • On a $10,000,000 gain, 36 of the 100 addresses charge nothing on a resident's disposal of listed securities, so the whole gain is kept locally.
  • At the other end, Montecito takes 37% of the same gain, about $3.7M.
  • Leaving can cost more than arriving: 8 of the 18 origins modeled charge tax on unrealized gains when residence ends, Toronto (27%), Paris (30%), Tel Aviv (30%), Sydney (24%), Munich (28%), Amsterdam (31%), Oslo (38%) and Johannesburg (18%).
  • London charges nothing on departure, but taxes gains realized abroad at 24% if you return within 5 full tax years.
  • Figures are current to September 2026. Unlisted shares, a sale through a company and local real estate can be treated differently. Confirm with counsel before the sale is signed.

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, Where should a founder live before an exit? 2026, patrician.ch/answers/where-to-live-before-an-exit/, September 2026.

Ranked

A $10M exit and $1M a year: the 15 that keep the most.

Kept over 10 years, after income tax and capital gains tax at the new residence. Ties are ordered by the engine's default reading of everything else. The exit charge of the country you leave is not netted in, because it depends on that country.

01
Gustavia 🇫🇷 St Barthsno capital gains tax, 0% effective on $1M of income, special regime for arrivals
$20M
02
Abu Dhabi 🇦🇪 UAEno capital gains tax, 0% effective on $1M of income
$20M
03
Dubai 🇦🇪 UAEno capital gains tax, 0% effective on $1M of income
$20M
04
Anguilla 🇦🇮 Anguillano capital gains tax, 0% effective on $1M of income
$20M
05
Punta del Este 🇺🇾 Uruguayno capital gains tax, 0% effective on $1M of income, special regime for arrivals
$20M
06
Monaco 🇲🇨 Monacono capital gains tax, 0% effective on $1M of income
$20M
07
Christophe Harbour 🇰🇳 St Kitts and Nevisno capital gains tax, 0% effective on $1M of income
$20M
08
St John's 🇦🇬 Antigua and Barbudano capital gains tax, 0% effective on $1M of income
$20M
09
Providenciales 🇹🇨 Turks and Caicosno capital gains tax, 0% effective on $1M of income
$20M
10
George Town 🇰🇾 Cayman Islandsno capital gains tax, 0% effective on $1M of income
$20M
11
Nassau 🇧🇸 Bahamasno capital gains tax, 0% effective on $1M of income
$20M
12
Bora Bora 🇵🇫 French Polynesiano capital gains tax, 0% effective on $1M of income
$20M
13
Virgin Gorda 🇻🇬 British Virgin Islandsno capital gains tax, 0% effective on $1M of income
$20M
14
Panama City 🇵🇦 Panamano capital gains tax, 0% effective on $1M of income
$20M
15
San Juan 🇵🇷 Puerto Ricono capital gains tax, 4% effective on $1M of income, special regime for arrivals
$19.6M

What the country you leave charges.

Questions

The short answers.

Where should a founder live before an exit?

On a $10,000,000 exit and $1,000,000 a year of income, 14 addresses tie at $20M kept over 10 years, led on the engine's default weights by Gustavia, Abu Dhabi and Dubai.

36 addresses take nothing on the gain. What separates them is the income tax, the route in and what the country you leave charges on the way out.

Which countries do not tax capital gains on selling shares?

36 of the 100 addresses on the board levy no personal capital gains tax on a resident individual's disposal of listed securities.

Unlisted shares and a sale structured through a company can be treated differently. The full list is on the no capital gains tax page.

Do I pay exit tax if I move before selling my company?

It depends on the country you leave: 8 of the 18 origins modeled tax unrealized gains when residence ends, Toronto, Paris, Tel Aviv, Sydney, Munich, Amsterdam, Oslo and Johannesburg.

London has no exit tax as such but taxes gains realized abroad if you return within 5 full tax years. A US citizen stays taxed on worldwide gains wherever they live.

How long before the sale should I move?

Before the gain is realized, and far enough before it that the move is real under the residence test of the country you leave.

Several origins look back after departure. The UK rule runs 5 full tax years, and France's charge lapses only after 2 or 5 years depending on the holding.

The Dossier: your top 3, on your numbers.Your top 3 modeled and compared on your income, exit, passports, and family. 10 chapters, written the moment you pay, usually ready within 2 minutes. The Dossier is $500. The founding price, $250, holds until 31 October. Refunded within 7 days if it does not change how you think.
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This page is the general case. Your income and passports rank all 100 differently.

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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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