VAT’s UP

Oman Most Affordable Tax-free Country

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Muscat January 19 2024:

Oman is the most affordable tax-free country to relocate to in 2024, with a relocation score of 7.92 according to research by award-winning expat insurance provider William Russell. It is also the cheapest country to purchase or rent an apartment in, as it boasts the lowest monthly living costs. It is also the third cheapest country for monthly utility bills, costing around £83 ($103).

Kuwait is the second most affordable tax-free country to move to this year, with a relocation score of 6.49/10. Single economy flights to the country range from US$159 to US$660 and Kuwait is also the second most affordable country for both monthly costs and utility bills.

Bahrain ranks third most affordable tax-free country to relocate to in 2024, earning a relocation score of 6.36/10. Bahrain is the second cheapest country to purchase an apartment in, costing US$173/sqm on average. It is also the fifth most affordable country for both monthly costs and utility bills.

Popular relocation spot – the United Arab Emirates – ranked the fourth most affordable tax-free country (relocation score 5.84/10), with monthly costs of around US$959, while the average monthly net salary in the UAE is around US$3,474.

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