Oman Ranked as the Most Affordable Tax-Free Country for Relocation

Oman, 18 December, 2024 : A recent report by William Russell, a leading international provider of health, life, and income protection insurance, has named Oman the most affordable tax-free country to relocate to in 2024. Oman received a high relocation score of 7.92, making it the top destination for those seeking a tax-free lifestyle with the lowest living costs.

Oman stands out as the cheapest country for both renting and purchasing an apartment. In addition to this, it boasts the third-lowest utility bills, averaging around $103 per month, making it a highly attractive destination for expatriates looking to minimize living expenses while enjoying a tax-free environment.

Kuwait is ranked second in terms of affordability, with a relocation score of 6.49. The country also ranks as the second most affordable for monthly living costs and utility bills. Flights to Kuwait range from £131 to £544 for a single economy ticket, further enhancing its appeal to those considering relocation to the region.

Bahrain follows closely in third place with a score of 6.36. The country is the second cheapest for purchasing an apartment, with an average cost of $173 per square meter. Bahrain's relatively low living and utility costs make it a competitive option for those interested in relocating to a tax-free country.

The report highlights the growing appeal of the Gulf region as a destination for tax-free living, offering competitive costs of living and opportunities for expatriates seeking affordable relocation options.