Language Barrier- English Speaking Expat-Friendly Countries
A global strategy sounds so attractive but when you practically try to adopt it then it poses some challenges. The most prominent challenge is the language barrier. Moving to a country where you won't be able to communicate with the masses can be quite motivating to move to another country no matter how lucrative the tax saving sounds. Communication is the key to adjusting to any culture and without knowing the local language the whole adjusting thing will be quite difficult and challenging for you.
But you don’t have to lose heart, because international English is here at your rescue. You will be pleased to know that there are many countries where natives speak their local language as well as English. Moving to countries where the English language is spoken and understood will take away the fear of adjustment and understanding the local culture. Many English-speaking countries offer attractive tax benefits along with offering an expat-friendly environment. Some of these countries which can be your next destination include:
Bahamas: You can live a tax-free life in the Bahamas by securing its’ living permit quite easily. 87% of residents can speak and understand the English Language. So, you can comfortably start a business in this tax-haven while enjoying beaches and cruise fun.
Belize: With an official English language country where more than 63% of people can fluently communicate in English, Belize is a perfect destination for you. This country is great for offshore banking and is a haven for investors. You can also enjoy various fun activities in the Caribbean Sea coastal area including fishing, caving, sailing, snorkeling, etc to truly live your life.
Dominica: Many people confuse it with the Dominican Republic, but remember we are talking about Dominica Island. It offers an affordable and attractive citizenship plan through investment. Extremely beautiful owing to the Caribbean Sea, this place is not modern or hi-fi as it is home to many retirees. The imposed income tax is a quite demotivating factor for the ex-pats.
Ireland: though the official language here is Gaelic, you will be surprised to know that only 5% of people can communicate in this language. The rest of the people communicate in the English language which is quite a huge plus for moving to Ireland. The corporate tax rate is quite attractive there due to which Google and Apple have already established a business setup here. Along with these, up-to-date infrastructure, high-quality healthcare and modern education, and closure to the continent make Ireland an ideal place. Though personal income tax is skyrocketing a good businessman also knows how to use his brain and cancel out this escalated effect with good business tax-saving planning. You can get a second passport from Ireland by investing there or applying for citizenship by Descent.
Jersey: One of the two official languages of Jersey is English. The income tax here is flat at 20% on all whereas no capital gains are officially allowed. Jersey offers an unmatched lifestyle and a growing financial sector.
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