Global Opportunities for Relocation 2023
15 November 2023
Globally, we see legislative and regulatory changes increasing the cross-border flow of foreigners and investment – in part through tax. People relocate for many different reasons – climate, education, lifestyle, and business opportunities – and different locations appeal to different people.
Tax is a global concept. Many jurisdictions and governments acknowledge the economic importance of attracting wealthy individuals and therefore continue to seek to attract foreigners to, and investment in, their countries through tax incentives. Tax is not usually the driving factor behind relocating and often individuals move to a jurisdiction which may not have low tax rates. Whatever the main reason is for relocation, it is still important for individuals to ensure that they understand the tax regime of their destination country and to avoid their annual tax bill increased unexpectedly.
Compiled through the contributions of BDO’s private client tax specialists across the globe, the report provides a high-level overview of 52 tax regimes around the world. BDO’s highly integrated network of private client specialists are well placed to reassure individuals that their wealth is compliant with the demands of global regulators and structured effectively for long term preservation, wherever they are.
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