Golden Visa and Overseas Investment Tax Guide (2026)

A second citizenship or residence by investment does not automatically change your tax situation; tax mostly depends on where you live (your tax residency). In this guide we explain tax on a golden visa and overseas investment, tax-friendly countries and the points to watch. This content is general information; we recommend independent tax advice.

Does Citizenship Create a Tax Liability?

Usually no. In most countries tax depends on tax residency, not citizenship; in many countries staying more than 183 days a year makes you a tax resident. Only a few countries (for example the US) apply citizenship-based taxation.

Tax-Friendly Programs

Country	Tax advantage
UAE (Dubai)	No personal income tax
Panama	Territorial tax; foreign income is not taxed
Greece	7% flat tax on foreign pension income
Malta	Non-dom tax regime
Monaco	No personal income tax

Double Taxation and Turkey

If you are a tax resident of Turkey, your worldwide income can be taxed in Turkey; moving abroad changes your residency and therefore your tax liability. Turkey has double-taxation treaties with many countries. Always consult an independent tax advisor for your personal situation.

Frequently Asked Questions

Will I pay extra tax after a second citizenship?

Usually no. Tax depends on your tax residency, not your citizenship. The exception is countries with citizenship-based taxation such as the US.

Which countries can I live in tax-free?

The UAE and Monaco levy no personal income tax; Panama taxes on a territorial basis. Residency and source-country rules still matter.

Does Turkey prevent double taxation?

Turkey has double-taxation treaties with many countries; however, application varies by personal situation. Independent advice is needed.

To plan the most tax-efficient route, contact us; where needed, we coordinate the process with independent tax advice.