As the world becomes increasingly interconnected, high-net-worth individuals and families are more mobile than ever. Their business interests, property, investments and personal ties often span multiple jurisdictions – each with its own set of tax rules and financial implications.
People relocate for many reasons: lifestyle, climate, education or business opportunities. Tax is rarely the driving force, but it always plays a critical role. Understanding the tax regime of your destination is essential to protecting your wealth, remaining compliant and avoiding unexpected liabilities.
Many countries actively compete to attract international individuals and investment through favourable tax regimes – such as remittance-based systems, lump sum taxation or new resident incentives. Yet these incentives can be complex and change frequently. Making informed decisions requires specialist advice and international coordination.
At BDO, our private client tax specialists across the globe collaborate to ensure that your wealth is structured efficiently, remains compliant, and supports your long-term goals – wherever life takes you.
BDO’s Global Opportunities for Relocation report 2023 offers high-level insight into the tax regimes of popular relocation destinations worldwide. Compiled by BDO’s international private client specialists, the report highlights key features of each jurisdiction and helps you compare your options.