01.Attractive Tax Regime.
One of the main reasons for a lot of wealthy people to decide moving to Monaco is due to its advantageous tax environment. Monaco residents are not subject to tax on their worldwide income (No income tax, No capital gains tax, No wealth tax, No inheritance tax for direct heirs).
02.World Leading Security.
The Principality is one of the safest living environments on earth, with very low crime rates and very high ratio of policemen vs. residents.
03.Luxury Real Estate.
Although the equivalent of the size of New York’s Central Park, Monaco is home to some of the most luxurious assets in the world, with its Odeon Tower just being named by the New York Post as “the hottest place to live”.
04.Lanscape.
Monaco sits on the Mediterranean coast, in between the French and Italian Riviera. As a destination itself it is absolutely breath- taking, whilst within a short drive you find some of the most picturesque and stylish resorts in Europe, such as Cannes, Saint Tropez and Portofino.
05.Climate.
The weather in Monaco is another excellent reason for considering buying and enjoying a property in Monaco. The winters are mild and sunny, whilst the summers are glorious and warm. But the heat is rarely a problem as most luxury apartments in Monaco are either a stone’s throw from the Mediterranean Sea or have their own swimming pool for those all-important cool downs.
06.Business.
Living in Monaco means that you are perfectly situated to travel to most European cities for business. The Principality is just 30 minutes ’ drive from Nice Côte d’Azur Airport, France’s second largest airport and a hub for International flights.
07.Education.
Families looking for Monaco real estate have access to a number of excellent schools at their finger tips, both French and English speaking. There is also a very highly respected university.
08.Health.
The health care system in Monaco is second to none, with a number of excellent private and public hospitals and clinics.
09.Sport.
The opportunities for sport fans in Monaco are huge. The principality has its own successful Ligue 1 football team, it is home to the International Association of Athletics Federation, hosts one of the most famous Formula 1 races in the world and the Rolex Monte-Carlo Masters, one of the major tennis tournaments worldwide.
10.Culture.
Boasting its own philharmonic orchestra, opera and an award- winning cultural centre, the Grimaldi Forum, those in search of some cultural events will not be disappointed.
Monaco Economy
A net importer of labour, Monaco hosts 50,792 jobs to its 36,136 residents.
75% of Monaco’s employees live in, and commute from, France each day.
Finance is the city-state’s major industry and Monaco ranks 7th in the Y/Zen European Global Financial Centres Index. Monaco has also sought
to diversify its economic base into services and industries
such as cosmetics and Bio-Thermic. The Principality’s casinos are a major source of national income, the most famous of which is the Casino de Monte Carlo, founded in 1858.
Monaco is not part of the EU, but participates in EU customs and border controls, is part of the French customs zone, and uses the euro as its sole currency. The Principality does not levy any income tax, wealth tax or capital gains taxes, which has made it particularly attractive as a low tax jurisdiction to wealthy individuals.
