Curated list · updated 2026
Countries with no dividend tax
Where dividends land in your pocket untaxed, gold for founders paying themselves in dividends. Click any column to sort, click any row to open the country.
| Country ▾ | Income tax ▾ | Corporate ▾ | VAT ▾ | Type |
|---|---|---|---|---|
 Curaçao | 46.5% | 22% | 6% | Standard |
 Gibraltar | 39% | 15% | 0% | Territorial |
 Namibia | 37% | 30% | 15% | Territorial |
 Cyprus | 35% | 15% | 19% | Standard |
 Malta | 35% | 35% | 18% | Standard |
 Guyana | 35% | 25% | 14% | Standard |
 Malaysia | 30% | 24% | 8% | Territorial |
 Jordan | 30% | 20% | 16% | Standard |
 Trinidad and Tobago | 30% | 30% | 12.5% | Standard |
 Grenada | 30% | 28% | 15% | Territorial |
 Saint Lucia | 30% | 30% | 12.5% | Standard |
 Barbados | 28.5% | 9% | 17.5% | Standard |
 Brazil | 27.5% | 34% | · | Standard |
 Samoa | 27% | 27% | 15% | Standard |
 Belize | 25% | 25% | 12.5% | Territorial |
 Singapore | 24% | 17% | 9% | Territorial |
 Liechtenstein | 22.4% | 12.5% | 8.1% | Standard |
 Estonia | 22% | 22% | 24% | Standard |
 Mauritius | 20% | 15% | 15% | Standard |
 Fiji | 20% | 20% | 15% | Standard |
 Hong Kong | 17% | 16.5% | 0% | Territorial |
 Maldives | 15% | 15% | 8% | Standard |
 Iraq | 15% | 15% | 0% | Standard |
 Bolivia | 13% | 25% | 13% | Territorial |
 Palau | 12% | 12% | 10% | Standard |
 Bosnia and Herzegovina | 10% | 10% | 17% | Standard |
 Kosovo | 10% | 10% | 18% | Standard |
 Vatican City | 0% | 0% | 0% | 0-tax haven |
 United Arab Emirates | 0% | 9% | 5% | 0-tax haven |
 Qatar | 0% | 10% | 0% | 0-tax haven |
 Bahrain | 0% | 0% | 10% | 0-tax haven |
 Oman | 0% | 15% | 5% | 0-tax haven |
 Kuwait | 0% | 15% | 0% | 0-tax haven |
 Monaco | 0% | 25% | 20% | 0-tax haven |
 Bahamas | 0% | 0% | 10% | 0-tax haven |
 Cayman Islands | 0% | 0% | 0% | 0-tax haven |
 Brunei | 0% | 18.5% | 0% | 0-tax haven |
 Vanuatu | 0% | 0% | 15% | 0-tax haven |
 Antigua and Barbuda | 0% | 25% | 17% | 0-tax haven |
 St Kitts and Nevis | 0% | 33% | 17% | 0-tax haven |
 Bermuda | 0% | 0% | 0% | 0-tax haven |
 British Virgin Islands | 0% | 0% | 0% | 0-tax haven |
 Turks and Caicos | 0% | 0% | 0% | 0-tax haven |
 Anguilla | 0% | 0% | 13% | 0-tax haven |
No dividend tax countries in Europe
Europe stays within easy reach of the EU while still trimming your tax bill, which is why it draws so many nearby movers. 9 of the 44 no-dividend-tax countries on this list are in Europe:
Bosnia and Herzegovina, Cyprus, Estonia, Gibraltar, Kosovo, Liechtenstein, Malta, Monaco, Vatican City.
No dividend tax countries in the Caribbean
The Caribbean is home to the classic zero-tax islands where there is no income, corporate or capital gains tax at all, sunshine included. 13 of the 44 no-dividend-tax countries on this list are in the Caribbean:
Anguilla, Antigua and Barbuda, Bahamas, Barbados, Bermuda, British Virgin Islands, Cayman Islands, Curaçao, Grenada, Saint Lucia, St Kitts and Nevis, Trinidad and Tobago, Turks and Caicos.
No dividend tax countries in the Middle East
The Gulf states pair 0% personal income tax with fast residency, modern cities and direct flights to almost anywhere. 7 of the 44 no-dividend-tax countries on this list are in the Middle East:
Bahrain, Iraq, Jordan, Kuwait, Oman, Qatar, United Arab Emirates.
No dividend tax countries in Asia-Pacific
Asia-Pacific blends territorial tax systems, low living costs and some of the fastest-growing economies on earth. 9 of the 44 no-dividend-tax countries on this list are in Asia-Pacific:
Brunei, Fiji, Hong Kong, Malaysia, Maldives, Palau, Samoa, Singapore, Vanuatu.
No dividend tax countries in the Americas
The Americas offer territorial regimes and low-cost living within the same time zones as the United States. 4 of the 44 no-dividend-tax countries on this list are in the Americas:
No dividend tax countries in Africa
A small group of African jurisdictions rounds out the low-tax map, usually through territorial or resource-driven regimes. 2 of the 44 no-dividend-tax countries on this list are in Africa:
Countries with no dividend tax: frequently asked questions
Which countries do not tax dividends?
The zero-tax havens such as the United Arab Emirates, Monaco, the Cayman Islands and the Bahamas charge nothing, and several territorial systems exempt foreign dividends. A few higher-tax countries also exempt dividends under specific regimes.
How are dividends taxed for expats?
It depends on where you are tax-resident and where the company sits. Many countries tax residents on worldwide dividends, while territorial systems tax only local ones. Treaties can reduce withholding tax at source.
Is it better to take salary or dividends?
For company owners it often depends on the mix of income tax, corporate tax and social security in that country. In a no-dividend-tax jurisdiction, paying yourself in dividends can be far more efficient than salary.
What is withholding tax on dividends?
It is tax the paying company deducts before the dividend reaches you, common on cross-border payments. Tax treaties often cut the rate, and your country of residence may credit it against your own bill.
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