Belize, Thailand, Indonesia, Portugal: Tax Rates & Startup Funding Compared

Side-by-side breakdown of tax rates, startup funding, business setup, and 6 more dimensions for founders choosing where to incorporate in 2026.

Select Countries

SingaporeCyprusEstoniaUruguayPanamaPortugalCosta RicaBelizeSwitzerlandMaltaUnited KingdomCanadaGreeceItalyParaguaySpainGeorgiaUnited Arab EmiratesGermanyIrelandIndonesiaColombiaNetherlandsArgentinaMexicoThailandSao Tome and Principe
4 selectedClear all
🇧🇿Belize
74
Territorial
🇮🇩Indonesia
61
Worldwide
🇵🇹Portugal
76
IFICI (Incentivo Fiscal para a Internacionalização de Competências e Investimento)
🇹🇭Thailand
57
Worldwide

Dimension Profile

Shape = jurisdiction fingerprint. Gap = your decision.

Tax Regime Comparison5
🇧🇿BelizeTerritorial0%
🇮🇩IndonesiaWorldwide35%
🇵🇹PortugalIFICI (Incentivo Fiscal para a Internacionalização de Competências e Investimento)48%
🇹🇭ThailandWorldwide35%
Tax system mismatchCritical

Indonesia and Thailand tax all worldwide income once you become a tax resident (top rate: 35%). Belize and Portugal do not - only locally-sourced income is taxed. This is a fundamental structural difference that affects your total effective tax burden.

Exit tax applies in one jurisdictionCritical

Portugal has an exit tax. If you establish residency and later wish to leave, you may owe tax on unrealized gains or assets at departure. The other countries in this comparison do not have an exit tax.

13pp personal tax rate spreadNote

Both countries tax worldwide income, but the top personal income tax rates differ materially. Portugal: 48% vs Indonesia: 35%. Both apply to all global earnings once you establish residency.

CFC rules apply in one jurisdictionReview

Portugal has Controlled Foreign Corporation (CFC) rules. Owning a foreign company as a resident may trigger local tax on undistributed profits - even if the company pays no dividends. The other countries in this comparison do not have CFC rules.

Special tax regime available in one jurisdictionNote

Portugal (IFICI (Incentivo Fiscal para a Internacionalização de Competências e Investimento)) offers a qualifying program that may exempt foreign-source income from local tax for up to 10 years. This can significantly reduce your effective rate compared to the standard regime.

Not tax advice. Tax laws change frequently. Verify with a qualified professional before making residency decisions.

Field-by-Field Breakdown

Green = best value per row
Metric
🇧🇿Belize74
🇮🇩Indonesia61
🇵🇹Portugal76
🇹🇭Thailand57
Dimension Scores
Corporate Tax
100
37
55
43
Funding
40
80
95
70
Visa
50
90
90
90
Residency
68
43
78
58
Tax Res.
90
55
45
60
Practical
86
45
91
58
Remote Work
77
67
69
72
Family
90
75
95
80
Ecosystem
50
70
90
60
Corporate Tax Details
Corporate Tax Rate0%22%21%20%
Capital Gains Tax0%-28%0%
Tax Treaties3717861
Territorial SystemYesNoNoNo
Funding Details
Active VCs3304820
Government GrantsNoYesYesYes
EU Funding EligibleNoNoYesNo
Visa Details
Has Startup VisaNoYesYesYes
Processing Time-609060
Min Investment--$0-
E-ResidencyNoNoNoNo
Digital Nomad VisaYesYesYesYes
Residency Details
Visa Programs Available2232
Citizenship Timeline510512
Dual CitizenshipYesNoYesNo
Immigration Score7586
Tax Res. Details
Tax Residency Days183183183180
Personal Tax Top Rate0354835
Territorial TaxationYesNoNoNo
Special Tax RegimeNoNoYesNo
Exit TaxNoNoYesNo
Practical Details
Banking Difficultymoderatedifficultmoderatemoderate
100% Foreign OwnershipYesNoYesNo
Company Formation230314
Virtual Office OKYesNoYesYes
Remote Work Details
Nomad VisaYesYesYesYes
Tourist Workgray_areagray_areagray_areagray_area
Tourist Visa Days30309030
PE Risk Levellowlowmoderatelow
Days Before Tax Res.183183183180
Internet Speed402585200
Coworking/mo$150$100$180$150
Family Details
Safety Index55558262
Int'l SchoolsYesYesYesYes
Homeschoolinglegallegallegal_with_restrictionslegal_with_restrictions
Healthcare Quality45557672
Cost of Living50326840
Ecosystem Details
Unicorns0863
English Business EnvYesNoYesNo
Talent Pool Quality35507255

Next steps

Ready to take action?

Ready to incorporate in Belize?

Recommended services used by founders targeting this jurisdiction.

Affiliate links - we may earn a commission at no extra cost to you.

Open a business bank account

Best options for founders incorporated in or targeting Belize.

Affiliate links - we may earn a commission at no extra cost to you.

Discussion (0)

A community of sovereign individuals - founders, families, and remote operators. Share what you know, ask what you don't.

No comments yet - be the first to share what you know about this page.

BEYOND SCORES

Track entities, compliance, and residency days

NomadSignal is more than country scores. Manage your multi-jurisdiction business with pathway playbooks, presence tracking, compliance alerts, and an AI advisor that knows your data.

See the platformPricing