1 / 6The zero tax nations| From the Caribbean to the Pacific, several countries offer a 0% corporate tax rate, attracting global businesses seeking tax-friendly environments. These include Anguilla, the Bahamas, Bermuda, and more. A unique characteristic of these nations is their reliance on other revenue sources, such as tourism or financial services, to sustain their economies. For example, Bahamas primarily generates revenue through a combination of indirect taxes. According to International Trade Administration, tourism alone contributes around 70% of the Bahamas’ GDP.
2 / 6Corporate tax rates at 9% and 10% | Countries like Turkmenistan (8%), UAE (9%), Barbados (9%), and Hungary (9%) offer tax rates that are still highly competitive on the global stage. Despite increasing its tax rates, Barbados is still one of the corporate-friendly nations. In 2024, the country also exclusively adopted the Qualified Domestic Minimum Top-up Tax (QDMTT) of 15%. This move aligns with the global tax reforms under the OECD’s Pillar Two framework, aimed at ensuring a minimum level of taxation for multinational enterprises to curb tax avoidance.
3 / 6The UAE’s business-friendly move | In June 2023, the United Arab Emirates introduced a 9% corporate tax rate on business profits, making it a key player for global businesses. However, starting from January 1, 2025, the company has imposed a minimum top-up tax of 15% on large multinational companies operating in the country. With a GDP per capita of nearly $50,000 in 2024, the UAE’s modern infrastructure and strong economic diversification continue to attract international companies. It is also an attractive market for trade, finance, and technology.
4 / 6Bulgaria, Andorra, and Bosnia | Europe’s low-tax alternatives | With corporate tax rates at 10%, countries like Bulgaria, Andorra, and Bosnia offer competitive tax rates, compared with the EU, which has an average corporate tax rate of 21.5%. Andorra, for instance, has built a reputation for being a tax-friendly haven, with a standard rate of 10% on profits. However, special deductions and tax benefits may apply for certain sectors, such as innovation, holding companies, and intellectual property.
5 / 6Tax-friendly economies in Central Asia and beyond | Corporation tax rates in the Middle East and Central Asia are among the world’s lowest on average (16.2%). Kyrgyzstan, the former Yugoslav Republic of Macedonia, and Timor-Leste all offer a 10% corporate tax rate. These nations, while small in size, are investing in infrastructure to boost economic growth. They also offer tax incentives to attract foreign investment, particularly in industries like agriculture and tourism.
6 / 6Vibrant economies with low taxation | Qatar’s corporate tax rate stands at 10%, but with a GDP per capita among the highest in the world (of $70,000), it remains one of the richest nations globally. Meanwhile, Paraguay, with its 10% tax rate, is steadily building its economy by attracting international businesses, especially in agriculture and energy sectors.
