Countries with 0% corporate tax

No corporate income tax for BVI business companies, which are not permitted to trade locally with residents. Annual government licence fee starts at about US$450 (shares up to 50,000). Companies in relevant activities (banking, funds, financing, headquarters, shipping, holding, IP, distribution) must satisfy economic substance and file annual returns.

No corporate income tax. Businesses pay an annual business licence fee on turnover (about 0.25%–1.5% on a sliding scale) rather than a profit tax. A 15% Domestic Minimum Top-up Tax applies from 2025 only to in-scope multinational groups with revenue of EUR 750 million or more.

No general corporate income tax. Oil, gas and petroleum activities are taxed at 46%. A 15% Domestic Minimum Top-up Tax (DMTT) applies from 1 January 2025 to multinational groups with consolidated revenue of EUR 750m or more.

No corporate income tax. Exempted companies pay annual government fees instead (about US$1,000 for companies with authorised capital up to US$50,000). A 15% Domestic Minimum Top-up Tax is under implementation for in-scope MNE groups with EUR 750M+ revenue. Entities carrying out 'relevant activities' (e.g. fund management, headquarters, distribution, financing) must pass economic substance tests.

0% for the vast majority of companies. Bermuda's Corporate Income Tax Act 2023 imposes a 15% tax on in-scope MNE groups (revenue EUR 750M+) for fiscal years beginning on or after 1 January 2025, with a Tax Credits Act 2025 offering credits for certain activities. Exempted companies pay annual government fees based on authorised capital.

0% standard rate; 10% for banking, domestic insurance, fiduciary and regulated activities; 20% for utilities, Guernsey property income and large retailers. A reform consultation in 2026 proposes extending the 10% band from 2027; large multinationals pay a 15% minimum tax from 2025.

Belize has no standard corporate income tax rate; domestic businesses pay Business Tax on gross revenue at rates from about 0.75% to 19% depending on sector (standard small business rates cited around 1.75%). Income tax (25%) applies to some entities and sources. Offshore-type companies earning foreign income with no Belize activity are generally outside the tax net, but must meet economic substance rules (introduced 2019). Rates differ across sources, so verify with the Belize Tax Service.

0% standard rate for most companies; 10% on banking business and retail profits above GBP 500,000; 20% on income from Manx land, property and petroleum. Companies must be managed and controlled in the Island to be Manx tax-resident; large multinationals face a 15% minimum tax from 2025.

0% standard rate; 10% for regulated financial services businesses; 20% for utilities and income from Jersey land and property (including development). Large multinationals pay a 15% minimum top-up tax from 2025.

No corporate income tax, no capital gains tax, no dividend, interest or royalty withholding tax and no inheritance tax. Revenue comes from VAT, import duties and licence fees. Vanuatu has been subject to economic substance rules for relevant activities since 2019.

No corporate income tax. Companies pay annual licence and registration fees. A 15% minimum tax is under implementation for in-scope MNE groups. The EU listing concerns economic substance enforcement and tax transparency, and the territory disputes the characterisation.