31 July, 2014 (ExpatBriefing.com) – The Bahamas has placed top in a new ranking of the most attractive low-tax locations for expats. Meanwhile, Bulgaria was identified as offering the best tax regime for expatriate individuals in the European Union.

The ranking was compiled by Bradley Hackford, a company that specializes in relocation for individuals seeking a low-tax environment. The firm assessed various locations against a number of criteria: the tax burden on individual residents; quality of life; legal and physical security; the quality of economic investment programs for new residents; and access to recreational opportunities.

The Bahamas came first in part due to its vicinity to the USA, and because of its zero percent income tax rate. It was followed by Andorra, Monaco, Bulgaria, and Panama. Bradley Hackford explained that Bulgaria had placed highly as it offers one of the lowest tax rates in Europe, and non-Europeans living in the country can travel freely throughout Europe.

This is an excerpt from ExpatBriefing.com as it appeared on July 31, 2014. For updates or to read the current version of this post in its entirety, please click here.

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