These countries are havens for their residents as they are free from income tax.
The principality generates revenue through tourism, VAT, and casinos.
Monaco
UAE
One of the well-known tax-free countries. It relies heavily on oil and gas revenues.
It does not impose any personal income tax on its residents. It relies on tourism.
The Bahamas
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Kuwait has no personal income tax, funding its government through oil revenues, tourism
Kuwait
Cayman Islands
It relies on tourism, financial services, and import duties.
Oman
Oman also does not impose personal income tax on its residents