Nomad Capitalist reveals Top 10 Beach destinations for entrepreneurs
Offshore consulting firm, Nomad Capitalist has released its 2024 Nomad Beach Index (NBI), revealing the world’s top 10 beach destinations for entrepreneurs, investors, and other high-net-worth individuals in 2024.
Six Caribbean destinations are on the list.
The most comprehensive research report of its kind to date, the NBI ranked the Cayman Islands first overall.
This year, the NBI results from aggregating data from over 30 different, unique sources, ranking the top 35 beach destinations worldwide on a scale of 10 to 50 using the following factors: Beauty (30 percent), services (20 percent), taxes (20 percent), immigration (20 percent), and safety (10 percent).
Like in past years, the Cayman Islands topped the list in 2024, due to its status as a Caribbean tax haven for wealthy individuals who do not wish to deal with the complicated tax laws of other countries.
However, the overall top-10 list has changed substantially since Nomad Capitalist last released the NBI in 2022. Antigua and Barbuda took a leap forward in 2024, moving from fifth place to second overall due to an increase in available services—from airport efficiency to ATM and mobile phone services.
European countries have also made notable improvements to their tax benefits: Spain now offers a Digital Nomad Visa and makes it possible for expats who relocate to Spain to obtain “Beckham Law” status, while Greece provides a lump-sum tax policy on foreign income that makes it a low-tax alternative within the European Union.
The top 10 beach destinations are as follows:
The Cayman Islands
Antigua and Barbuda
St Kitts and Nevis
Dominica (T-4)
Balearic Islands, Spain (T-4)
Crete, Greece (T-4)
Langkawi, Malaysia (T-4)
The Bahamas
Budva, Montenegro
Dominican Republic
As a boutique consulting firm, Nomad Capitalist assists its clients—many of them celebrities—with attaining second passports and citizenships, moving and building wealth offshore, and legally lowering taxes, among other services.
