32 countries · 2026
Countries with no capital gains tax
Checked November 4, 2026 · How we score
| # | Country | Capital gains | Personal | Corporate | Invest from | Score |
|---|---|---|---|---|---|---|
| 1 | 🇦🇪UAE No capital gains tax for individuals. For companies, capital gains are part of taxable income at 9%, though participation exemption can apply. | 0% | 0% | 9% | $545k | 8.0 |
| 2 | 🇸🇬Singapore No capital gains tax, though gains may be taxed as income if they arise from trading. Foreign-sourced disposal gains received by entities in Singapore may be taxable from 2024 in limited cases. | 0% | 24% | 17% | $7.5M | 7.6 |
| 3 | 🇻🇬BVI No personal income tax, capital gains, inheritance or wealth tax. Payroll tax and social contributions apply to employers and employees on local employment, and stamp duty applies to property transactions. | 0% | 0% | 0% | — | 7.3 |
| 4 | 🇭🇰Hong Kong No capital gains tax, though gains from frequent trading may be taxed as business profits. | 0% | 16% | 16.5% | $3.9M | 7.2 |
| 5 | 🇧🇸The Bahamas No personal income tax. Residents pay VAT, import duties, real property tax and stamp duty on property transfers (2.5%–10%). | 0% | 0% | 0% | $750k | 7.0 |
| 6 | 🇧🇭Bahrain No capital gains tax. | 0% | 0% | 0% | $530k | 6.9 |
| 7 | 🇰🇾Cayman No personal income tax, capital gains, inheritance or payroll taxes on residents. Revenue comes from import duties (typically 22%–27%), stamp duty on property (7.5%) and work permit fees. | 0% | 0% | 0% | — | 6.8 |
| 8 | 🇸🇨Seychelles No separate capital gains tax in Seychelles, though gains on Seychelles real estate and business assets may be included in business income. | 0% | 15% | 25% | — | 6.8 |
| 9 | 🇧🇲Bermuda No personal income tax or capital gains tax. Employees and employers pay payroll tax on remuneration (the main source of government revenue), and there is land tax and stamp duty. | 0% | 0% | 0% | — | 6.4 |
| 10 | 🇬🇬Guernsey No capital gains tax, inheritance tax or wealth tax. | 0% | 20% | 0% | — | 6.4 |
| 11 | 🇧🇿Belize No capital gains tax on most assets; property transfers incur stamp duty (about 5%). | 0% | 25% | 0% | — | 6.3 |
| 12 | 🇮🇲Isle of Man No capital gains tax, inheritance tax or wealth tax. | 0% | 21% | 0% | — | 6.2 |
| 13 | 🇯🇪Jersey No capital gains tax, inheritance tax or wealth tax. | 0% | 20% | 0% | — | 6.2 |
| 14 | 🇻🇺Vanuatu No capital gains tax. | 0% | 0% | 0% | $130k (CBI) | 6.2 |
| 15 | 🇦🇬Antigua Most sources state personal income tax was abolished in 2016; some guides cite progressive rates for self-employed income (up to 25%), so confirm with the Inland Revenue Department. There is no capital gains tax (property transfer tax of 7.5% applies), wealth tax or inheritance tax. | 0% | 0% | 25% | $230k | 6.0 |
| 16 | 🇴🇲Oman No separate capital gains tax for individuals today; gains of companies are taxed at the 15% corporate rate. Check the 2028 personal income tax rules for investment income. | 0% | 0% | 15% | $260k | 6.0 |
| 17 | 🇶🇦Qatar No separate capital gains tax for individuals; gains of taxable entities are part of the 10% taxable income. | 0% | 0% | 10% | $200k | 6.0 |
| 18 | 🇰🇳St Kitts & Nevis No personal income tax, capital gains tax, wealth tax or inheritance tax. Government revenue comes from VAT, property transfer tax, stamp duty and payroll-related levies. | 0% | 0% | 33% | $150k | 6.0 |
| 19 | 🇲🇾Malaysia No CGT for individuals on most assets. Real property gains tax (RPGT) applies to property, and since 2024 companies pay 10% on gains from unlisted shares. | 0% | 30% | 24% | $110k | 5.9 |
| 20 | 🇳🇿New Zealand No general capital gains tax, but the bright-line test taxes residential property sold within 2 years, and the foreign investment fund (FIF) rules tax offshore share portfolios above NZ$50,000 at a deemed 5% return. | 0% | 39% | 28% | $2.9M | 5.9 |
| 21 | 🇹🇨Turks & Caicos No personal income tax, capital gains tax or inheritance tax. Government revenue comes from import duties (about 30%), accommodation tax, a 10% government tax on restaurants and stamp duty on property (up to 10%). | 0% | 0% | 0% | $300k | 5.9 |
| 22 | 🇲🇺Mauritius No capital gains tax. | 0% | 20% | 15% | $375k | 5.7 |
| 23 | 🇱🇮Liechtenstein No capital gains tax for individuals on movable assets; real-estate gains are taxed separately. | 0% | 22.4% | 12.5% | — | 5.6 |
| 24 | 🇨🇭Switzerland Private capital gains on movable assets (shares, crypto) are generally tax-free for individuals; gains on real estate are taxed by the canton; professional traders and gains from the sale of a business can be reclassified as taxable income. | 0% | 40% | 14.6% | — | 5.4 |
| 25 | 🇬🇮Gibraltar No capital gains tax, inheritance tax, wealth tax or VAT. | 0% | 28% | 15% | — | 5.3 |
| 26 | 🇹🇭Thailand No separate capital gains tax. Gains on listed securities are generally exempt for individuals; other gains are taxed as ordinary income, and non-residents may face 15% withholding on certain gains. | 0% | 35% | 20% | $500k | 5.2 |
| 27 | 🇹🇼Taiwan Gains on securities are currently exempt for individuals, but gains on real estate are taxed under land value increment and the Integrated Housing and Land Tax (up to 45% within 2 years). | 0% | 40% | 20% | $190k | 4.8 |
| 28 | 🇸🇦Saudi Arabia No capital gains tax for resident individuals. Non-resident and corporate gains on Saudi assets are generally taxed at 20% (with exemptions, e.g. certain listed securities). | 0% | 0% | 20% | $213k | 4.6 |
| 29 | 🇹🇷Turkey No general capital gains tax: gains on listed shares and crypto are largely untaxed, while gains on property sold within five years are taxed as ordinary income. | 0% | 40% | 25% | $200k | 4.5 |
| 30 | 🇲🇨Monaco No capital gains tax for individuals; business-asset gains are part of taxable profit; real-estate transfer duty is 4.5% to 7.5%. | 0% | 0% | 25% | — | 4.4 |
| 31 | 🇮🇩Indonesia No separate capital gains tax; gains are taxed as ordinary income, except sales of listed shares (0.1% final tax on gross value) and real estate (2.5% final tax, 0% in some cases). | 0% | 35% | 22% | $350k | 4.3 |
| 32 | 🇱🇺Luxembourg Private gains on shares are generally exempt if held for more than six months and the stake is 10% or less; speculative and substantial-holding gains are taxed at ordinary rates (substantial holdings at half rate). | 0% | 45.78% | 23.87% | — | 4.2 |
Questions people ask
Which countries have no capital gains tax?
The UAE, Monaco, the Bahamas, the Cayman Islands, Bermuda, Singapore, Hong Kong, Malaysia (for most individuals), New Zealand (for most share gains), Switzerland (private wealth, not trading) and several Caribbean islands.
Can I avoid capital gains tax by moving abroad before selling my company?
Often yes, but check exit taxes first. Germany, the Netherlands, Canada, Australia, Spain and others tax unrealised gains when you leave, and the US taxes citizens wherever they live.
Is crypto taxed in countries with no capital gains tax?
Usually not for private investors, but frequent trading can be reclassified as business income. Read our crypto-friendly list for countries that state this explicitly.
Keep reading
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Not tax or legal advice. Rates and rules change; we check official sources and update every page, but verify with a licensed adviser in the country before acting. Spotted something out of date? Use the correction form below.