Countries without property taxes: owning a home without restrictions

Updated: July 21, 2020

Date: Belgrade, Serbia

Here at Nomad Capitalist, we often discuss the idea that governments thrive on taxing the "evil rich." Hence the question of whether there is a utopia where there is no property tax. It's no secret. Because of this, high-net-worth individuals and nomadic entrepreneurs do a different kind of business: they look for countries that offer something better. If you belong to such a group, you are probably wondering, "Where can I legally pay less taxes? Which countries are open to those who want to integrate internationally and set up home without high taxation on their property?" Unfortunately, since the beginning of time, many governments have treated taxes with a "the higher taxes the better" attitude, including property taxes. But not all countries treat it that way. Many realize the value that investors and entrepreneurs can bring to their economies with their capital, skills, and hard work; therefore, they create an atmosphere that is conducive to investment and business to attract such people. One such advantage is the absence of property taxes within their boundaries. This is just one of the many reasons why we talk about the need to diversify your talents and assets across the globe. This is the foundation of our motto, "Go where you are best." Yes, there are governments that will tax you for property you already own and will continue to do so until the end of time, but there are also countries without property taxes where you not only own, truly own your property, but where foreign investment is welcome.

List of countries without property tax

Yes, there are actually countries without a property tax. Here's a list of property tax-free countries where you can actually own your home.

EUROPA

Although many European countries are known for their high taxes, some have taken a different approach and don't charge a property tax.

Croatia

In a country where more than three-quarters of the population own their own homes, the property tax has had a widespread and massive impact.

Lichtenstein

Liechtenstein does not levy a real estate tax, but a dividend tax on the net value of real estate is subject to income tax.

Monaco

This small European country is becoming increasingly popular with nomadic entrepreneurs due to its tax policies and stunning views.

Malta

Malta is an archipelago in the central Mediterranean between Sicily and the coast of North Africa. With its beaches, climate, expat community and business environment, it is a very attractive base for the nomad community.

Catar

Although there is no property tax in Qatar, you should understand that capital investment is only taxed if it originates from a business activity.

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Closure

Few countries actually do not levy a property tax. Many simply allow property owners to pay a flat amount of tax on a stamp or other fee that eliminates the need for endless taxation. Given a choice between the two ashes, I would prefer to pay a one-time fee and be able to limit my costs in the future. And I also wonder if the presence of a significant stamp tax doesn't drive prices down a bit, since buyers have to have more cash at the start of the transaction.