List of Tax Havens
It can be simple to open a bank account in the tax haven, but it can be very expensive to get it out. If you try to transfer money from a tax haven to Europe, the tax office of the EU country where the money arrives can take 52% of that amount as a fine for fraud. For that reason, managing your money and/or forming a company in a tax haven is only a good idea if you are planning to live in that country and keep your savings there.
The following list of countries have been blacklisted by the EU as tax havens.
- Andorra
- Dutch Antilles
- Aruba
- Bahrain
- Brunei
- Cyprus
- United Arab Emirates (Removed: the Agreement between Spain and the United Arab Emirates to avoid double taxation came into force on 2 April, 2007)
- Gibraltar
- Hong Kong
- American Anguilla
- Antigua and Barbados
- The Bahamas
- Barbados
- Bermudas
- Cayman Islands
- Cook Islands
- Dominican Republic
- Grenada
- Fiji
- Islands of Guernsey and Jersey (Channel Islands)
- Jamaica
- Malta (Removed: the Agreement between Spain and Malta to avoid double taxation came into force on 12 September, 2006)
- Falkland Islands
- Isle of Man
- Mariana Islands
- Mauritius
- Montserrat
- Nauru
- Solomon Islands
- Saint Vincent and the Grenadines
- Saint Lucia
- Trinidad and Tobago
- Turks and Caicos Islands
- Vanuatu
- British Virgin Islands
- United States Virgin Islands
- Jordan
- Lebanon
- Liberia
- Liechtenstein
- Luxembourg, for purposes of income received by Companies referred to in paragraph 1 of the Protocol appended to the Agreement, to avoid double taxation, dated 3 June 1986
- Macao
- Monaco
- Oman
- Panama
- San Marino
- Seychelles
- Singapore
(July, 2008)
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