Tax-Free Havens: Explore 12 Financial Paradises Worldwide

3. British Virgin Islands: Rebuilding Paradise

The British Virgin Islands, a Caribbean paradise, faced adversity with Hurricane Irma devastating the island of Tortola in 2017. Despite the challenges, this overseas territory remains tax-free, relying heavily on tourism and agriculture.

Becoming a permanent resident involves residing in the British Virgin Islands for a substantial 20 years, followed by the submission of a residence form to the Immigration Department.