5 Countries with No Income Taxes in the World

3. Cayman Islands

Personal Income Tax Rate: 0%

GDP Per Capita: $99,624

The Cayman Islands is a British Overseas Territory that comprises three islands in the western Caribbean Sea. The Cayman Islands has zero personal and corporate income tax. With a GDP per capita of $99,624, the Cayman Islands ranks third among the countries with no income taxes in the world.