This list was compiled from The Eurasian Economic Commission (EEC), with the exception of the last territory. I came across it while browsing on YouTube and believe it’s worthwhile to include in this list. You can find my reasoning at the end.
1. Anguilla
2. Andorra
3. Antigua and Barbuda
4. Aruba
5. Commonwealth of the Bahamas
6. Belize
7. Bermuda
8. Republic of Vanuatu
9. British Virgin Islands
10. Gibraltar
11. Grenada
12. Macau
13. Republic of Liberia
14. Mauritius
15. Malaysian Island Labuan
16. Republic of the Maldives
17. Republic of the Marshall Islands
18. Principality of Monaco
19. Montserrat
20. Republic of Nauru
21. Niue
22. Cayman Islands
23. Cook Islands
24. Turks and Caicos Islands
25. Republic of Panama
26. Independent State of Samoa
27. Saint Vincent and the Grenadines
28. The Federation of Saint Christopher and Nevis
29. Saint Lucia
30. Republic of Seychelles
31. Próspera,Honduras
This is the YouTube video that I stumbled upon if you want to see the original content.
Próspera—The Bitcoin Billionaire City
Próspera is renowned for being a private city without a government, situated on the tropical island of Roatán. Created by the Honduran government in 2013 to attract foreign investments, it operates as a special economic zone. Its legal framework is protected by an international treaty that safeguards the city from external intervention for 50 years.
With its perpetual sunny climate, pristine private beaches, a mere 1% corporate income tax, and a nominal $1300 annual fee for residency—with no obligatory requirement to reside there—Próspera serves as an enticing tax haven. More remarkably, everything can be paid using Bitcoin on this island, from coffee and food to school fees, properties, and even tax payments.
Despite attempts by the newly elected left-wing Honduran government to gain control of the city, Próspera has maintained its autonomy. The most recent attempt to amend the laws governing the island in 2022 led to a legal confrontation, resulting in the Honduran government being sued for a staggering $11 billion in damages. This amount, equivalent to two-thirds of the country’s 2022 national budget, makes it an insurmountable challenge for the government.
In the meantime, Próspera continues to expand and attract wealthy individuals from around the world. With its unique blend of economic incentives and technological integration, it stands as a model for future private cities and special economic zones
So, What Are Your Thoughts on Próspera?
The only thing that comes to my mind is—DAMN! Despite their immense wealth, the ultra-rich are still eager to go the extra mile to reduce their tax burdens.
I can’t help but admire their ingenuity, foresight, and strategic acumen. How did they discover this city, with its unique economic trade setup, situated in one of the world’s poorest countries? And what guided them to craft that brilliant 50-year agreement, free from any external intervention?
Brilliant!
** This chapter is part of a SIX-chapter series— don’t miss any part of the story! Stay updated and read more chapters from this series here:
- Introduction: Offshore Companies & Tax Evasion (6 Chapters)
- Part 1: What Is an Offshore Company? What Is Tax Evasion?
- Part 2: List Of Known Offshore Countries And Territories
- Part 3: Should You Open An Offshore Company?
- Part 4: What Is The Best Offshore Structure?
- Part 5: Where Should You Best Have Your Offshore Incorporated?
- Part 6 (Final): Words Of Caution
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