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In terms of post-pandemic tourism, Europe and the Americas dominate the charts

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In terms of post-pandemic tourism, Europe and the Americas dominate the charts
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According to EU Helpers, there are a number of nations in Eastern Europe and along the Mediterranean Sea that offer the ideal combination of financial stability and year-round sunshine for residents and foreign investors.

For those who are seeking a better future, here is a list of sunny tax havens.

Cyprus
This island is the ideal location to have a wonderful time and save money. Every third individual who relocated to Cyprus did so for the weather and taxes. Not to mention the breathtaking splendor this coastal nation has to offer.

The national tax rates begin to apply for any income over €19,500 at a rate of 20%, and are levied at a rate of 25% for all income over €28,001, according to HSBC Expat. For values between €36,301 and €60,000, this percentage rises to 30%.

Bulgaria
No matter their income or whether they reside and work in Bulgaria or abroad, Bulgarians pay 10% in taxes. Self-employment income is subject to the same fees, however non-residents are only required to pay taxes on their income that comes from Bulgarian sources.

The people are incredibly hospitable, and the nation offers beautiful weather and beautiful beaches. A true paradise for people who desire to accumulate wealth while leading anxious lives.

Romania
Similar to Bulgaria, Romania, a neighboring country, is a great place to spend sunny days and take care of your income because the tax rates are much lower than in other European nations.

While corporate income tax rates might reach 16%, the personal income tax rate is typically about 10%. Additionally, the standard rate of value-added tax is around 19%, and the reduced rates are around 5%.

Malta
The greatest time of year to visit this Mediterranean island is during the summer, in particular. However, Malta's beauty is not just due to its climate; it also stems from its favorable tax rates, which are remarkably reasonable.

Tax rates range from 15% for sums up to €10,500 in chargeable income per year to 25% for amounts between €15,800 and €60,000.

Andorra
The small nation shares Spain's excellent weather, but its tax rates are not the same. There is no sales tax, however there is a 4.5 percent VAT that both residents and businesses must pay.

 

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