Vatican

Vatican imposes no personal income tax and no corporate income tax, making it one of the most tax-friendly jurisdictions in the world for both individuals and businesses. Capital gains are not taxed in Vatican, which is a significant advantage for investors, traders, and those holding appreciating assets such as cryptocurrency or equities. Foreign-sourced income is generally exempt from taxation in Vatican. This creates a favorable environment for individuals with international income streams, though specific conditions may apply depending on the type of income and residency status. Vatican permits dual citizenship, which provides flexibility for tax planning through establishing residency in a second jurisdiction without forfeiting existing citizenship rights.