Countries with 0% Corporate Tax Rates

Discover how Spain's new 15% corporate tax rate affects you and explore tax-friendly alternatives. [image]( Hi {NAME}, Spain is set to introduce a 15% minimum corporate tax rate for multinational firms. Spain's Budget Minister, Maria Jesus Montero, announced that this 15% minimum rate will apply to companies with revenues exceeding €750 million ($814.58 million). While Spain currently has a headline corporate tax rate of 25%, numerous exceptions have enabled many firms to pay a significantly lower effective rate. What does this mean if you were eyeing Spain for its lower taxes and favorable programs? If you were planning to take advantage of Spain’s lower taxes and its various programs, this change could impact your financial planning. The new minimum tax rate aims to prevent the relocation of profits to lower-tax jurisdictions, potentially reducing the tax advantages for large multinational groups. But, despite this change, there are still numerous countries, both in Europe and beyond, with tax-friendly programs suitable for you and your company. Here are some of the countries with the lowest corporate tax rates in 2024: 0% Corporate Taxes Countries The Bailiwick of Jersey Jersey has a 0% corporate tax rate, though higher rates can apply to property development firms and large retailers. The Cayman Islands The Cayman Islands offers a 0% corporate tax rate and doesn’t tax income, dividends, or capital gains. Companies operating in this Caribbean nation pay a licensing fee instead of corporate taxes. Tokelau Islands Tokelau has zero corporate tax, making it an attractive option despite its small size and vulnerability to climate change. Low Corporate Tax Rates in 2024 Barbados It levies just 1% for income over BBD$30 million and 5.5% for income of $1 million or less. The United Arab Emirates (UAE) The UAE recently introduced a 9% corporate tax on profits above AED 375,000. Despite this change, the UAE remains an attractive destination. Montenegro Montenegro has a progressive corporate income tax ranging from 9% to 15% depending on profit. Hungary Hungary offers one of the best corporate tax rates in the EU, with a flat rate of 9%. Access the full list of countries with the lowest corporate tax rates in 2024 [HERE](). Get in touch with us to find the one that works best for your needs. [CONTACT US TODAY]( In Freedom and Prosperity, The Nomad Capitalist Team = = [Update Email Preferences]( | [Unsubscribe]( Nomad Capitalist Limited 2301, 23F Bayfield Building 99 Hennessy Road Wanchai Hong Kong +1 (979) 966-6623