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    Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

    • Spain
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  • Budgets

    How Much Will It Cost You To Live Overseas?

    The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

    Super Cheap

    • Chitré, Panama
    • Santa Marta, Colombia
    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

    • Medellin, Colombia
    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
    • Cascais, Portugal
    • Las Terrenas, The DR
    • Pisa, Italy
    • La Rochelle, France
    • Mazatlán, Mexico

    Luxury

    • Ambergris Caye, Belize
    • Kotor, Montenegro
    • The Panama City Beaches
    • Paris, France
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    • Home
    • Countries

      Top Destinations:

      Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

      • Spain
      • Portugal
      • Panama
      • Belize
      • Colombia
      • Cyprus
      • Mexico
      • France
      • Montenegro
      • Browse All Countries

      Best For:

      • The Best Places To Retire
      • Health Care Abroad
      • Cost Of Living
      • Investing in Real Estate
      • Establishing Residency
      • Gun Laws In The World
      • English-Speaking Countries
      • Safest Places For Retirement
      • Best Places In Latin America
    • Budgets

      How Much Will It Cost You To Live Overseas?

      The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

      Super Cheap

      • Chitré, Panama
      • Santa Marta, Colombia
      • Phuket, Thailand
      • Dumaguete, The Philippines

      Cheap

      • Medellin, Colombia
      • Boquete, Panama
      • Kyrenia, Cyprus
      • Hua Hin, Thailand
      • The Algarve, Portugal

      Affordable

      • Valencia, Spain
      • Cascais, Portugal
      • Las Terrenas, The DR
      • Pisa, Italy
      • La Rochelle, France
      • Mazatlán, Mexico

      Luxury

      • Ambergris Caye, Belize
      • Kotor, Montenegro
      • The Panama City Beaches
      • Paris, France
    • Resources

      Global Living

      • Living & Retiring Overseas
      • Raising A Family Abroad
      • Foreign Residency & Citizenship
      • Offshore & Diversification

      Making Money

      • International Real Estate
      • Banking
      • Employment
      • Investing

      Follow Us:

      • Meet Our Experts
    • Real Estate

      Join our Weekly Newsletter
      Overseas Property Alert

      Sign up for our weekly newsletter to receive expert insights on the best international real estate investment opportunities.






        We Value Your Privacy! We will not share your email address with anyone else, period.

        Buying Real Estate For Cashflow

        • Discover tips and strategies used by global property investing veterans

        Explore Our Latest Posts

        • Learn how to invest and purchase property abroad…

        Go To The Overseas Property Alert Site

        • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
      • Conferences

        Upcoming Events

        • Explore Our Events Site

        Live and Invest In Spain Conference

        Offshore Wealth Summit

        Greece Workshop

        VALENCIA, SPAIN

        Sep. 17-19, 2025

        PANAMA CITY, PANAMA

        Oct. 15-17, 2025

        VIRTUAL

        Nov. 13, 2025

        LEARN MORE
        DISCOUNT
        LEARN MORE
        PRE-REGISTER
        LEARN MORE
        PRE-REGISTER
        • MORE EVENTS

        Contact Our Events Team

        Toll-Free U.S. and Canada:
        1 (888) 627 8834
        From Outside North America:
        1 (443) 599 1221
        Working Hours
        Monday – Friday 08:00 am – 17:00 pm EST.

        Reach us with your questions by email at: events@liveandinvestoverseas.com

      • Store

        Unlock The World

        • Access Your Library

        Overseas Havens Reports

        • Expats' comprehensive destination guides

        Conference Kits

        • Hours of coverage  from our latests conferences

        Lahardan Books

        • Titles on living and investing around the world
        • Explore Our Store
        Your passport to a life well-lived abroad

        Services

        overseas living letter offers affordable retirement guidance
        The Simon Letter Wealth Protection Insights
        Global Property Advisor Global Investment Opportunities

        Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

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      Live and Invest Overseas
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      Home Taxes

      3 Tax Havens For U.S. Expats

      by Lief Simon
      Feb 28, 2025
      in Taxes
      0 0
      Tourist walking on Rambla (street) Claudio Wiliman towards a beach of Punta Del Este, Uruguay, January 28th 2019

      Tourist walking on Rambla (street) Claudio Wiliman towards a beach of Punta Del Este, Uruguay, January 28th 2019 Stock Photo | Adobe Stock

      I would never advise someone to choose a place to live or retire based solely on the jurisdiction’s approach to taxation. Living somewhere you’re not happy just to save on your tax bill isn’t worth it in the long run.

      Before choosing where to live, invest, or do business abroad, you should analyze all aspects of the “where” you’re considering. A country’s approach to taxation is an important consideration, but only one of many you should undertake.

      Here are three havens offering the chance to both lower your tax bill and upgrade your lifestyle…

      Panama

      Panama continues to be one of the best options for going offshore. As a resident of Panama, you pay no tax on foreign-earned income, nor on bank interest, certificates of deposit, wealth, inheritance, or U.S. Social Security.

      Property taxes are reasonable, with new properties exempt for up to 20 years, depending on their value.

      Panama’s pensionado program grants retirees a one-time exemption on the importation of household goods and a $20,000 exemption from import duty for a new car.

      Income earned in Panama is taxed in Panama (at a progressive rate from 15% to 25%).

      Uruguay

      Unlike other tax havens featured here, Uruguay’s tax code doesn’t fully exempt foreign-earned income.

      Tax-resident foreigners in Uruguay enjoy tax exemption on foreign-earned income only during their first 11 years in the country. After that, certain types of income, specifically dividends and interest, are taxed at 12%.

      Uruguay residents pay a 12% tax on local-source income. Property tax in the country is up to 1.2% of the property value, and movable property located overseas is also taxed, as well as subject to the country’s 12% rental income tax.

      While Uruguay has no inheritance tax, the country does impose a wealth tax on assets in Uruguay.

      Belize

      Like Panama, Belize imposes no tax on a resident’s foreign-earned income. In addition, Belize has no capital gains tax and no inheritance tax. Property taxes are low, and the Belizean population is determined to keep it that way.

      Belize’s Qualified Retirement Program (QRP) isn’t just for retired people. So long as you’re 40 years of age or older, you can apply for this type of residency and enjoy incentives such as permanent exemption from Belize taxes, including income, sales, and estate taxes, as well as import taxes on household goods and an automobile, boat, airplane, or golf cart.

      Local income is generally taxed at a flat rate of 25% on income over $10,000.

      With a Belize International Business Company (IBC), you are not subject to any taxes in Belize, nor are you required to file a return, because you can’t do business in Belize with a Belizean IBC. If you do wish to do business in Belize, you would need a Belizean local corporation.

      Some tax incentives for local businesses exist and can lead to a 5- or 10-year tax holiday. The standard local business tax rate is 25%.

      Stay diversified,

      Lief Simon signature

      Lief Simon
      Editor, Offshore Living Letter

      Tags: 'Belize''Foreign Tax Havens'Panamataxes abroadUruguay
      Share84Tweet52
      Lief Simon

      Lief Simon

      Lief Simon has lived and worked in 7 countries on 5 continents and traveled to more than 75 countries. His real estate investment career began with a $5,000 down payment on a three-flat building in Chicago. Less than three years later, Lief sold the building for a leveraged return of 3,000%—$150,000 in profit after closing costs and commissions.

      From there, he turned his attention overseas and has bought property in 24 countries including France, Croatia, Portugal, Ireland, Belize, Spain, Argentina, Cyprus, Romania, and beyond. Thanks to his decades-long career as a global property investor, Lief has built a multi-million-dollar portfolio that includes rental properties, significant land holdings, and 7 personal residences.

      Lief has established residency in 3 countries and acquired a second passport from Ireland.

      In 2008 Lief and wife Kathleen Peddicord made the most important investment of their lives—a 215-acre oceanside finca, known as Los Islotes. There, on Panama’s largely undiscovered Veraguas coast, they’ve installed underground electricity, water, and internet and built a forever family home that sits at the heart of their ultimate vision: a gold standard private residential community for those in search of a true safe haven escape.

      Lief’s latest book, “Cowboy Millionaire—The New American Pioneer,” collects all the wisdom he has learned in three decades of living and investing outside America.

      He offers advice on international diversification in his twice-weekly Offshore Living Letter and monthly Simon Letter dispatches. For real estate investment opportunities, check out his monthly Global Property Advisor service.

      If you’d like to meet Lief in person, join him for one of our upcoming in-country conferences. You’ll find further details here.

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      HOME

      Top Countries

      • Spain
      • Portugal
      • Panama
      • Belize
      • Colombia
      • Cyprus
      • Mexico
      • France
      • Montenegro

      Best For:

      • Health Care Abroad
      • Retirement Living
      • Cost Of Living
      • Investing in Real Estate
      • Establishing Residency
      • Gun Ownership
      • English Speakers
      • Safety
      BROWSE ALL COUNTRIES

      Budgets

      How Much Will It Cost
      To Live Overseas?

      Super Cheap

      • Chitré, Panama
      • Santa Marta, Colombia
      • Phuket, Thailand
      • Dumaguete, The Philippines

      Cheap

      • Medellin, Colombia
      • Boquete, Panama
      • Kyrenia, Cyprus
      • Hua Hin, Thailand
      • The Algarve, Portugal

      Affordable

      • Valencia, Spain
      • Cascais, Portugal
      • Las Terrenas, The DR
      • Pisa, Italy
      • La Rochelle, France
      • Mazatlán, Mexico

      Luxury

      • Ambergris Caye, Belize
      • Kotor, Montenegro
      • The Panama City Beaches
      • Paris, France

      Resources

      Global Living

      • Living & Retiring Overseas
      • Raising A Family Abroad
      • Foreign Residency & Citizenship
      • Offshore & Diversification

      Making Money

      • International Real Estate
      • Banking
      • Employment
      • Investing
      Meet Our Experts

      Real Estate

      Overseas Property Alert 

       

      How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams

      VISIT SITE

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      Discover tips and strategies used by global property investing veterans

      READ MORE

      Explore Our Latest Posts

       

      Learn how to invest and purchase property abroad…

      EXPLORE

      Conferences

      Live and Invest In Spain Conference

      VALENCIA, SPAIN Sep. 17-19, 2025
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      DISCOUNT

      Offshore Wealth Summit

      PANAMA CITY, PANAMA Oct. 15-17, 2025
      LEARN MORE
      PRE-REGISTER

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      VIRTUAL Nov. 13, 2025
      LEARN MORE
      PRE-REGISTER
      MORE EVENTS

      Contact Our Events Team:

      Toll-Free U.S. and Canada:
      1 (888) 627 8834

      From Outside North America:
      1 (443) 599 1221

      Working Hours
      Monday – Friday 08:00 am – 17:00 pm EST.

      Reach us with your questions by email at: events@liveandinvestoverseas.com

      Store

      Overseas Havens Reports

      • Expats' comprehensive destination guides

      Conference Kits

      • Hours of coverage  from our latests conferences

      Lahardan Books

      • Titles on living and investing around the world

      Services

      • Overseas Living Letter: Affordable Retirement Guidance
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