Cyprus Named the Eighth Most Affordable Tax-Free Country to Move to in 2026

William Russell analysed tax-free and low-tax countries

Cyprus Named the Eighth Most Affordable Tax-Free Country to Move to in 2026

The international health insurance specialists William Russell analysed tax-free and low-tax countries by the estimated monthly costs for a single person, to reveal the best tax-free countries to relocate to.

You can view the full campaign here: https://www.william-russell.com/blog/tax-free-countries-cheapest-for-expats/

The most affordable tax-free countries:

Rank	Country	Average property price per m2	Average 1 bed monthly rent	Average monthly utilities cost	Average monthly net salary	Estimated monthly costs for a single person
1	Mauritius	£2,285	£293	£41	£537	£439
2	Panama	£1,753	£652	£83	£613	£580
3	Bahrain	£1,622	£552	£98	£1,674	£609
4	Andorra	£4,001	£858	£104	£2,239	£662
5	Malta	£2,932	£812	£81	£1,383	£670
6	Qatar	£2,907	£1,041	£71	£2,828	£678
7	United Arab Emirates	£3,353	£934	£140	£2,368	£713
8	Cyprus	£2,417	£679	£162	£1,480	£750
9	Seychelles	£611	£670	£97	£608	£775
10	Hong Kong	£15,455	£1,449	£165	£2,429	£800

Mauritius ranks as the cheapest tax-free country to move to, with an estimated monthly cost for a single person at £439, demonstrating a consistent pattern of affordability across housing, utilities, and general expenses.

Cyprus has ranked at number eight with an estimated monthly cost for a single person at £750.

This combination of low living costs and favourable tax treatment strengthens its appeal for globally mobile individuals. For expats prioritising financial efficiency, reduced monthly expenditure can significantly improve overall quality of life.