Best Tax Residency Countries in 2026

The UK's remittance basis for non-doms was abolished on 6 April 2025 and replaced by the Foreign Income and Gains (FIG) regime, which gives new arrivals four years of relief before worldwide income becomes taxable. For internationally mobile families, the leading alternatives in 2026 are Monaco, Italy's and Greece's flat-tax regimes, and Cyprus.

Key facts

UK: the remittance basis ended on 6 April 2025; the FIG regime gives four years of relief on foreign income and gains to arrivals non-resident for the previous ten years.
Monaco: no personal income tax on residents.
Italy: flat annual charge of €200,000 on foreign income for qualifying new residents.
Greece: flat annual charge of €100,000 on foreign income for qualifying new residents.
Cyprus: 60-day tax residency route available subject to conditions, plus non-dom status on certain investment income.
A residence permit is not the same as tax residence: most countries require meaningful physical presence, often 183 days a year.
Leaving a tax residence and acquiring a new one must be planned together, with regulated tax advisers.

Frequently asked questions

What replaced the UK non-dom regime?

The Foreign Income and Gains regime, effective 6 April 2025. New arrivals non-UK resident for the previous ten years get four years of relief, after which worldwide income is taxed in the UK.

Which country has the lowest tax for high-net-worth individuals in 2026?

Monaco has no personal income tax. In Europe, Italy and Greece offer flat annual charges on foreign income of €200,000 and €100,000 respectively.

Do you need to live in a country to be tax resident there?

Usually yes. Most countries require meaningful physical presence, often 183 days a year, although Cyprus offers a 60-day route subject to conditions.

Can a golden visa reduce my tax?

Only indirectly. A golden visa gives the right to live somewhere; your tax position changes only if you actually become tax resident there and cease residence where you are now.

Speak to Ascot Advisory Group for confidential, tailored advice.