Kuwait

Kuwait, world’s sixths largest oil exporter, achieves 95 percent of its total revenue from the sale of oil. Out of the entire population only 7 percent of Kuwaitis work in the public sector and each contribute 7.5 percent of their salary as tax and 11 percent is paid by their employer for social security. Being a Kuwaiti you shall be no stranger to the political chaos and corruption scandals. Taking into consideration Kuwaitis political and economic conditions International Monetary Fund’s dignitaries have recommended Kuwait to introduce the value-added tax and comprehensive income tax system.

Cayman Islands

An off shore financial center, the Cayman Islands is a place for big pocketed  people who are ready to pay $ 550,000 for an apartment and $ 736,000 for a house, according to government figures in April 2011. You can still relax over social security contributions, personal income taxes and capital gains taxes as these are not compulsory to be paid. As an employer you are required to pay pension plan for all your worker, including the expatriates (refugees), if they have worked for more than nine months.