If you already reside in a zero-tax country, opting for countries that offer you cheaper tax residency alternatives or citizenship through investment may not benefit you tax-wise, but maybe the perk of staying in a place that appeals to you aesthetically or if you are seeking a holiday home with a second citizenship are reasons why you may go for it. Or you are looking to retire.

If you already reside in a zero-tax country, opting for countries that offer you cheaper tax residency alternatives or citizenship through investment may not benefit you tax-wise.

Keep in mind taking advantage of living in a no-income-tax country is not as easy as packing a suitcase and buying a plane ticket. There is a lengthy process involved before you move.

Many countries do not offer easy access to citizenship. In most instances, the process is lengthy and expensive. Some countries will purposefully keep the barrier of entry high so as to only attract top investment.

But with the onset of the pandemic and as most countries are teetering on the edge of recession-induced collapse, countries – desperate for more foreign investment, may now be turning flexible and open to making citizenship available through cheaper investments.

But remember, even if they do, it doesn’t come easy – unless you have a whole lot of time and energy to spare! So, please do the due diligence needed prior to taking a decision.