As the saying goes, one thing in life we can all be sure of is death and taxes. While there’s not much we can do to avoid D-day; there are a few things we can do to avoid high tax rates. Unfortunately, we’ll never be able to completely avoid the tax man – but there are corners of the globe where he seems to be a little more lenient. These areas are called ‘tax havens’, and even those who aren’t citizens of the nation, but who are willing to hold some of their money offshore, can take advantage of the low tax rates.
While there are many tax havens throughout the world, such as Isle of Man, Netherlands, Bermuda and Singapore, to name a few; there are also many hidden in and around Africa. So yes, there may just be a tax haven right on your doorstep! If you’re eager to find out more about the nations of Africa which may just save you from paying high tax rates, take a look at our useful list.
Mauritius is the most well known tax haven in Africa. Here, foreign individuals and businesses can take advantage of the corporate services in …