Tax-Free Havens: Explore 12 Financial Paradises Worldwide

8. Oman: Oil and Gas Wealth with a Welfare System

Nestled in the Middle East, Oman relies on oil and gas to support its economy and sustain a robust welfare system. While personal income tax is absent, a 5% value-added tax (VAT) applies to specific products.

Oman’s economic stability and commitment to social welfare make it an attractive destination for those seeking a tax-free haven.