Brunei

Brunei levies no personal income tax on individuals. Corporate entities face a standard rate of 18.5%, but the absence of PIT makes this jurisdiction highly attractive for high-net-worth individuals and digital nomads seeking tax efficiency. Capital gains are not taxed in Brunei, 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 Brunei. 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. Brunei does not permit dual citizenship. Individuals acquiring citizenship here may be required to renounce their existing nationality, which has significant implications for tax residency planning and global mobility.