Country vs country

Bahamas vs Cyprus

Side by side for a genuine tax resident, with €150,000 a year in dividends or foreign income.

	Bahamas	Cyprus
Personal income	0%	0% div.
Company tax	0%	15%
Minimum days	No minimum	60
Cost of residency	Expensive	Medium
Tax on €150,000 a year	€0	€3,975
Monthly cost for one person, rent included	€2,550	€1,950
In the EU	No	Yes
Spanish blacklist	No	No
Crypto gains	No income or capital gains tax.	Since 1 Jan 2026 gains on disposal or exchange of crypto assets taxed at flat 8%; losses offset only within same year.
Pension	No personal income tax.	Option of 5% flat on foreign pension above EUR 5,000 (from 2026), plus 2.65% GESY. About 4.4% tax plus GESY.

Who wins

It depends on your case: your nationality, the country you leave and how you earn your money change the answer.