Tax rates in Europe are the most important issue in the investment fields.

 Many investors are looking for countries that offer investment citizenship or residency programs, especially those characterized by low tax rates, in order to start a new life and build a successful future for themselves and their families. Therefore, in the following article, we will introduce you to the ten countries with the lowest tax rates in Europe.

The lowest tax rates in Europe:

• Hungary
• Bulgaria.
• Andora.
• Cyprus.
• Ireland.
• Malta.
• Romania.
• Latvia.
• Serbia.
• Montenegro.

Hungary:

Hungary’s corporate tax rate is 9%, which is the lowest compared to other European countries. The minimum gross profit rate is 2%.

Hungary also has a high-income mixed economy in the ECO, and has a skilled workforce with the lowest average income.

Bulgaria:

Bulgaria has one of the lowest corporate tax rates in Europe at just 10%. In addition, personal income tax rates are also low, with a flat rate of 10%.

It is worth noting that Bulgaria is the oldest country in the European Union and is characterized by an important geographical location overlooking the Black Sea on the one hand. It also enjoys a diverse culture mixed between East and West, which makes it a haven for many investors who seek to obtain citizenship by investment.

Andora:

With pressure from the European Union on Andorra, Andora imposed a maximum income tax of 10% in 2015. This rate is considered low in a region between France and Spain with high tax rates. Income tax for everyone whose income is more than 24 thousand euros and less than 40 euros is 5%. The percentage increases to 10% when the value of income exceeds 40,000 euros. There is a tax on bank profits after exempting the first 3000 euros of these interests. Despite the imposition of this tax rat.

Cyprus:

Cyprus has a corporate tax rate of 12.5%, which is one of the lowest tax rates in Europe. Personal income tax rates are also low, with the highest rate at 35%.

This island, which sits in the Mediterranean Sea, is characterized by a warm climate and sandy beaches that attract many tourists. The island of Cyprus offers citizenship by investment programme in 3 ways, which is a real estate investment, establishing a commercial activity, or by purchasing a property in the event that the applicant for the invested residency does not intend to add his family.

Ireland:

Ireland’s corporate tax rates are 12.5%, one of the lowest in the European Union. Personal income tax rates are relatively low, with the highest being 41%.

Ireland is also characterized by an open economy, as it ranks sixth in the world in terms of economic freedom, and the economy is centered on the modern technology sector, life sciences, and agriculture. The GDP is about 594 billion euros, which is high compared to North East England and Wales.

Malta:

Malta’s corporate tax rate is just 5%, which is one of the lowest in the European Union. Personal income tax rates are also relatively low, with the highest rate at 35%.

This small country is ranked 15th among the best countries in the European Union economically and is also one of the 35 best countries in the world in the same sector. In addition, it is included in the list of countries that provide investment citizenship services to attract many investors from all over the world.

Romania:

 Romania’s corporate tax rate is 16%, which is one of the lowest in Europe. Personal income tax rates are also relatively low, with the highest rate being 16%.

Romania is the largest producer of electronics and portable technology in Central and Eastern Europe. The economy ranks 40th in the world. Romania ranks 15th in terms of GDP.

Latvia:

Latvia has a corporate tax rate of 20%, which is relatively low tax rates  in Europe among many European countries. Personal income tax rates are relatively low, with the highest rate being 23%.

Living in Latvia is quite affordable in terms of the standard of living and the average salary is $780. The  GDP is $40 billion.

Serbia:

 Serbia has a corporate tax rate of 15%, which is one of the lowest in Europe. Personal income tax rates are also relatively low, with the highest rate being 15%.

Away from the sea, Serbia has a nice rural feel. It is the link between eastern, southern and central Europe. It is expected to enter the European Union in 2025. It is also one of the countries that offer the investment residency program, which is open to many new projects and investments.

Montenegro:

The corporate tax rate in Montenegro is 9%, which is among the lowest in Europe. Personal income tax rates are also relatively low, with the highest rate being 9%.

It is part of the Balkan Islands and its name is derived from the black mountain peaks. It has a long history that included many of the cultures of the countries that conquered it. As for the people there, they are kind and organized, which makes it easy to coexist with them, especially for those looking for an opportunity to obtain citizenship by investment.

It is important to note that these countries may have different tax laws and systems for different types of income, such as capital gains, dividends, or interest income. In addition, some countries may also offer tax incentives for certain types of companies or industries. It is always recommended to contact us for the latest information.