Tax Havens

Since January 2013, significant modifications have been made to Latvia's tax system to make it more competitive and attract foreign investment.

The Labuan International Offshore Financial Centre (IOFC), was created in 1990 as Malaysia's first offshore financial hub.

The Kuwait income tax law does not impose personal taxes on income earned by individuals irrespective of nationality.

Any company that wishes to establish a business in Kiribati may apply to the Internal Revenue Board for ‘pioneer status’.

Jordanian resident corporations are only taxed on their Jordanian sourced income.

Since 2011, the Jamaican government has been working on legislation to turn Jamaica into a centre for international financial services in the Caribbean. 

Israel is home to more than 250 multinational R&D centres, including Google, Facebook, Apple, Microsoft and Intel. 

In January 2017, the corporate tax in Hungary was reduced to a flat 9% (the lowest within the European Union).

Non-resident Guyana companies are only taxed on income derived from Guyana. This means their overseas income is tax-free.

Guatemala’s popularity as a tax haven is due to its business companies. These companies can operate in both Guatemala and foreign jurisdictions.