Tax Jurisdiction with No Corporate Income Tax
Country/State Location
1 Aguilla A British overseas territory in the
Caribbean.
2 Bahamas Located in the continent of the
Caribbean
3 Bahrain Located in the Eastern Coastline
of Saudi Arabia in the Persian
Gulf.
4 Belize A British colony located on the
Caribbean coast of northern
central America, south of Mexico.
5 Bermuda A British overseas territory in
North Atlantic Ocean
6 British Virgin British overseas territory in the
Islands Caribbean, to the east of Puerto
Rico.
7 Cayman Islands A British overseas territory in the
Caribbean located to the south of
Cuba and Northeast of Honduras.
8 Estonia A country in eastern Europe
bordered by Finland, Sweden,
Latvia, and Russia.
9 Georgia Located on the crossroads of
western Asia and eastern Europe.
10 Guernsey A British overseas territory in the
Caribbean.
11 Isle of Man Located in the middle of northern
Irish Sea, almost equidistant from
England, Northern Ireland,
Scotland and Wales
12 Jersey British island located near the
coast of France.
13 Kuwait A small middle east country
located in the northwestern
corner of the Persian Gulf, nestled
between Iraq and Saudi.
14 Latvia A European country bordered by
Estonia, Lithuania, Russia, and
Belarus.
Particulars
There are no corporate taxes.
There are no corporate taxes.
This is a zero-tax jurisdiction,
except for oil, gas and petroleum
companies.
Belize offshore company (IBC) is
exempt from corporate tax.
There are no corporate taxes.
Zero-rated income tax regime for
all BVI domiciled corporate
entities.
Corporate income taxes are not
imposed.
Earnings are not taxed until
profit distributions are made.
Tax on dividends paid is 14%.
Earnings are not taxed until
profit distributions are made.
Tax on dividends paid is 15%.
A standard rate of 0% applies to
most companies carrying
business on Guernsey.
Standard rate of all resident and
nonresident companies is 0%.
Standard rate of corporate tax to
Jersey resident and non-Jersey
resident companies is 0%
Domestic Companies at 0%,
Foreign Companies at 15%
Companies are subject to
corporate income tax only on
distributed profits.
 Undistributed profits are not
taxed. Rate is 20%.
15 Malta Located in the center of Companies are taxed at a flat
Mediterranean sea and is the rate of 35%. However, a refund
southernmost European country. system grants shareholder the
right to claim a refund and may
reduce the effective tax rate to
0% - 10%.
16 Marshall Islands A U.S. associated state near the All offshore companies are
equator of the Pacific Ocean. exempted from corporate taxes.
17 Niue An island country in the Pacific Any profits the corporation
Ocean, in free-association with makes outside Niue is exempt
New Zealand. from taxation.
18 Pitcairn Islands A British territory in South Pacific This is a zero-tax jurisdiction.
Ocean.
19 Saint Pierre and In association with France, This is a zero-tax jurisdiction.
Miquelon situated in the northwestern
Atlantic Ocean, near Canada.
20 Sark A Private agricultural island in the This is a zero-tax jurisdiction.
channel Islands, near Guernsey.
21 Tokelau Island territory of New Zealand in This is a zero-tax jurisdiction.
the South Pacific Ocean.
22 Turks and Caicos Islands are located southeast of Corporate income tax rate is 0%.
Islands Florida USA, roughly midway
between Bahamas and Dominican
Republic
United Arab Located in Middle East bordering Corporate income tax is 0%
Emirates Gulf of Oman and Persian Gulf. except for oil and gas companies
and subsidiaries of foreign
banks.
Vanuatu Located in South Pacific Ocean. Currently no corporate tax. But
there is a proposal of levying a
17% corporate tax.