Relocation intelligence
🇫🇰 Moving to Falkland Islands: tax, residency and cost of living
The Falkland Islands levy their own income tax in two bands of 21% and 26%, with a generous personal allowance of about GBP 16,860. There is no VAT and corporate tax is about 26%. As a British Overseas Territory it uses the Falkland pound, pegged to sterling, and residents travel on a British passport. It is a remote, sparsely populated archipelago in the South Atlantic with stable governance but high costs and a small labour market.
Thinking of moving to Falkland Islands? Here is the tax, residency, property and quality-of-life picture in plain numbers, with sources.
Key facts
- Top income tax
- 26%
- Corporate tax
- 26%
- Capital gains
- 0%
- Wealth tax
- No
- Inheritance tax
- No
- Cost of living index
- 75
- Safety
- 9/10
- Internet quality
- 6/10
- Visa-free destinations
- 187
- Foreigners can own property
- Yes
- Residency in
- 6 months
- Citizenship in
- 5 years
Taxes
Own income tax in two bands, 21% and 26%, with an allowance of about GBP 16,860. No VAT, corporate tax about 26%.
Residency and visas
Residence and work require a work permit; permanent status follows after years of residence, though the labour market is small.
Property ownership
Foreigners can own property, but the market is very small and supply is limited.
Cost of living and quality of life
The islands offer stable British governance, pristine nature and safety, but face high costs, isolation and a harsh climate.
Passport and mobility
Residents are British citizens and travel on a British passport, with visa-free access to about 187 destinations.
Why people move to Falkland Islands
Low own income tax
With bands of 21% and 26% and a generous allowance the tax burden is moderate and there is no VAT.
Stable British governance and nature
As a British Overseas Territory it offers legal certainty, safety and spectacular, pristine nature.
Honest trade-offs
- De eilanden zijn extreem afgelegen in de Zuid-Atlantische Oceaan, met hoge kosten van levensonderhoud, een guur klimaat en een zeer kleine arbeidsmarkt.
- De inkomstenbelasting kent een tweede schijf van 26%, en niet-inwoners krijgen slechts een verlaagde persoonlijke vrijstelling.
- De vastgoedmarkt is zeer klein met beperkt aanbod, waardoor het bezitten van een woning in de praktijk lastig is.
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