Countries where your investment gains are tax-free — or close to it. Grouped by country, sorted by cost of living, with caveats you should know about.
For reference: US long-term capital gains tax is 15-20% (+ 3.8% NIIT for high earners). On $80K/year in gains from a $2M portfolio, that's $16,000-$19,000/year in tax.
No tax on investment gains — domestic or foreign. Watch for wealth tax and dividend caveats.
🇮🇳India
worldwide system · 183-day residency
0% long-term CGT
🇲🇾Malaysia
territorial system · 183-day residency
0% long-term CGT
Short-term gains: 30% (under 12mo)
🇹🇷Turkey
worldwide system · 183-day residency
0% long-term CGT
Short-term gains: 40% (under 12mo)
🇵🇰Pakistan
worldwide system · 183-day residency
0% long-term CGT
Short-term gains: 15% (under 12mo)
🇹🇭Thailand
worldwide system · 183-day residency
0% long-term CGT
Short-term gains: 35% (under 12mo)
View Pattaya guide🇦🇪UAE
territorial system · 183-day residency
0% long-term CGT
🇲🇽Mexico
worldwide system · 183-day residency
0% long-term CGT
Short-term gains: 35% (under 12mo)
View Querétaro guide🇨🇳China
worldwide system · 183-day residency
0% long-term CGT
Short-term gains: 25% (under 12mo)
View Hangzhou guide🇦🇺Australia
worldwide system · 183-day residency
0% long-term CGT
🇨🇦Canada
worldwide system · 183-day residency
0% long-term CGT
🇳🇿New Zealand
worldwide system · 183-day residency
0% long-term CGT
Short-term gains: 28.0% (under 12mo)Dividends: 33%
View Auckland guide🇳🇱Netherlands
worldwide system · 183-day residency
0% long-term CGT
Wealth tax: 1.7% above $57,000Dividends: 15%
View Amsterdam guide🇨🇭Switzerland
worldwide system · 183-day residency
0% long-term CGT
Also 0% capital gains tax (city guides coming soon):
🇸🇬 Singapore🇭🇰 Hong Kong🇨🇭 Switzerland *🇰🇼 Kuwait🇰🇾 Cayman Islands
* Switzerland has 0% CGT for private investors but taxes capital gains as income if you're classified as a professional trader.
These countries have a nominal CGT rate, but their territorial tax system means foreign-sourced investment income (like international index funds) is not taxed. Effectively 0% for most FIRE investors.
🇧🇴Bolivia
territorial system · 183-day residency
0% on foreign gainsnominal rate: 13%
Short-term gains: 13% (under 12mo)Dividends: 13%
View Santa Cruz guide🇬🇪Georgia
territorial system · 183-day residency
0% on foreign gainsnominal rate: 5.2%rates vary by city
Short-term gains: 5.2% (under 12mo)Dividends: 5.2%
🇲🇾Malaysia
territorial system · 183-day residency
0% on foreign gainsnominal rate: 10%
Short-term gains: 10% (under 12mo)Dividends: 10%
View Kuala Lumpur guide🇵🇾Paraguay
territorial system · 183-day residency
0% on foreign gainsnominal rate: 8%
Short-term gains: 8% (under 12mo)Dividends: 8%
View Asunción guide🇸🇻El Salvador
territorial system · 183-day residency
0% on foreign gainsnominal rate: 10%
Short-term gains: 10% (under 12mo)Dividends: 10%
View San Salvador guide🇨🇦Canada
territorial system · 183-day residency
0% on foreign gainsnominal rate: 50%rates vary by city
Short-term gains: 66.7% (under 12mo)Dividends: 50%
Not zero, but significantly lower than the US. Competitive alternatives if the 0% destinations don't fit your lifestyle.
1.0%-10% CGT12mo holding period
1%-10% CGT12mo holding period
🇹🇭Thailand
remittance system
5%-15% CGT12mo holding period
🇽🇰Kosovo (Disputed Territory)
worldwide system
5% CGT12mo holding period
🇺🇸United States
worldwide system
5.5%-15% CGT12mo holding period
Wichita15%$1,620/mo
Tulsa15%$1,845/mo
Louisville15%$2,020/mo
Huntsville15%$2,045/mo
Knoxville15%$2,045/mo
Omaha15%$2,045/mo
Columbia15%$2,095/mo
San Antonio15%$2,145/mo
Boise15%$2,170/mo
Cincinnati15%$2,170/mo
Columbus15%$2,170/mo
Jacksonville15%$2,170/mo
Rochester15%$2,170/mo
Raleigh15%$2,370/mo
Salt Lake City15%$2,395/mo
Madison15%$2,470/mo
Las Vegas15%$2,501/mo
Phoenix15%$2,502/mo
Portland15%$2,509/mo
Pittsburgh15%$2,520/mo
Orlando15%$2,583/mo
Charlotte15%$2,620/mo
Tampa15%$2,770/mo
Nashville15%$2,826/mo
Denver15%$2,828/mo
Austin15%$2,917/mo
Chicago15%$3,145/mo
Seattle15%$3,145/mo
San Diego15%$3,545/mo
Honolulu15%$3,622/mo
Washington, D.C.15%$3,695/mo
Irvine6.7%$3,842/mo
Los Angeles15%$3,870/mo
Miami15%$3,940/mo
San Francisco15%$4,045/mo
Boston15%$4,295/mo
Brooklyn5.5%$4,420/mo
New York15%$5,270/mo
🇵🇭Philippines
worldwide system
6% CGT12mo holding period
🇹🇯Tajikistan
worldwide system
6% CGT12mo holding period
🇨🇭Switzerland
worldwide system
6.6%-10.9% CGT12mo holding period
7.5%-15% CGT12mo holding period
7.5%-13% CGT12mo holding period
8.8% CGT12mo holding period
🇰🇬Kyrgyzstan
worldwide system
10% CGT12mo holding period
10% CGT12mo holding period
10% CGT12mo holding period
10% CGT12mo holding period
10% CGT12mo holding period
10% CGT12mo holding period
10% CGT12mo holding period
🇰🇷South Korea
worldwide system
10% CGT12mo holding period
10% CGT12mo holding period
10% CGT12mo holding period
10.3%-10.5% CGT12mo holding period
12% CGT12mo holding period
12% CGT12mo holding period
🇺🇿Uzbekistan
worldwide system
12% CGT12mo holding period
12.5%-15% CGT12mo holding period
15% CGT12mo holding period
15% CGT12mo holding period
15% CGT12mo holding period
15% CGT12mo holding period
🇮🇩Indonesia
worldwide system
15% CGT12mo holding period
15% CGT12mo holding period
🇨🇿Czech Republic
worldwide system
15% CGT12mo holding period
15% CGT12mo holding period
🇦🇷Argentina
worldwide system
15% CGT12mo holding period
🇧🇩Bangladesh
worldwide system
15% CGT12mo holding period
15% CGT12mo holding period
15% CGT12mo holding period
15% CGT12mo holding period
🇱🇹Lithuania
worldwide system
15% CGT12mo holding period
15% CGT12mo holding period
15% CGT12mo holding period
15% CGT12mo holding period
🇲🇪Montenegro
worldwide system
15% CGT12mo holding period
15% CGT12mo holding period
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