Oman is the most affordable tax-free country

Oman is the most affordable tax-free country

Muscat: Oman, Kuwait, Bahrain, and the United Arab Emirates (UAE) are listed as the top four cheapest tax-free countries for expats. This is followed by Brunei Darussalam, the Maldives, Qatar, Bahamas, Monaco, the Cayman Islands, Bermuda and Vanuatu.The Sultanate of Oman has been ranked fifth among the cheapest tax-free countries for expats to relocate to, according to a ranking published by expat insurance firm William Russell, following Gulf Cooperation Council (GCC) countries.The insurance firm derived its ranking by looking at US dollar costs of one-way economy flights from London and New York, the cost per square meter to buy an apartment, the cost to rent an apartment, the cost of utilities per month, the monthly average costs for a single person and the average monthly net salaryOmanRelocation score: 7.92/10The most affordable tax-free country for expats to relocate to is Oman, earning a relocation score of 7.92/10. A one-way economy ticket to the country’s capital city, Muscat, will cost expats around $227 from London and $492 from New York.On average, Oman is the cheapest country to purchase or rent an apartment in, as well as being the most affordable country in terms of monthly costs (excluding rent).It is also the