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investment add
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Various tax advantaged locations are listed below including a high level over view of their tax regimes which are subject to change / correction.  
 
Various tax advantaged locations are listed below including a high level over view of their tax regimes which are subject to change / correction.  
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There are specific alternative tax regimes in some of these jurisdictions that may be available to non citizens that can bring additional benefits. A typical example of this is the ''Non Habitual Residence'' schemes that can in certain circumstances be availed of in countries such as Portugal and Malta.
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There are specific alternative tax regimes in some of these jurisdictions that may be available to non citizens that can bring additional benefits. A typical example of this is the Non Habitual Residence schemes that can in certain circumstances be availed of in countries such as Portugal and Malta. These non habitual residence schemes are outlined below under the heading” NON HABITUAL RESIDENCE.
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'''Optimal Tax Locations'''
    
ANTIGUA & BARBUDA
 
ANTIGUA & BARBUDA
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• Tax treaties are in force with CARICOM, Monaco, Switzerland and the United Kingdom
 
• Tax treaties are in force with CARICOM, Monaco, Switzerland and the United Kingdom
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'''NON HABITUAL RESIDENCE'''
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'''Portugal'''
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Portugal introduced the Non Habitual Residency programme in 2009 which aimed at attracting EU residents into the country. Qualification means satisfying a residency test and in addition demonstrating that you have not been a tax resident of Portugal in the preceding five years. To be resident under the scheme you need to spend 183 days a year in Portugal and / or own or rent on a long term basis a residence there with the intention of making it your habitual residence.
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The scheme gives those who become resident in Portugal the opportunity to benefit from a tax exemption on certain types of income for a period of 10 years provided residency requirements are met each year. In other words 0% Portuguese tax on income sourced outside of the country (with some exceptions).
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Qualifying income includes:
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* pensions
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* interest
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* dividends
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* royalties sourced outside of Portugal
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Foreign pension income, for example from UK pension funds, is exempt from Portuguese tax provided it is taxed in another country under the terms of the tax treaty, or is not regarded as Portuguese source income under domestic legislation.
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However the UK/Portugal treaty states that pension income should be taxed in the country of residence and therefore no tax will be due - in other words a double exemption.
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Similarly a pension transferred to a Malta QROPS will benefit from the fact that Maltese rules allow the QROPS to be taxed in the country of residence provided a double taxation agreement exists. Therefore under the NHR 0% tax will be levied.
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'''Investment'''
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Investment income including:
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* dividends
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* interest
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* rental income
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* royalties
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If the above categories are earned outside Portugal they are exempt from tax provided it may be taxed in the state of source under a tax treaty, or it may be taxed under the terms of the OECD Model Tax Convention and is not regarded as arising in Portugal.
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Capital appreciation would appear not to be exempt from local Portuguese tax levels which are 30%.
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UK dividends, for example, will be tax free in Portugal under the NHR regime since the UK/Portugal treaty provides that they may be taxed in the UK (even though in practice they may not actually be under the disregarded income rules).
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Note that this tax-free income option does not apply to income generated in a blacklisted tax haven such as the Channel Islands.
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