There are many benefits of living in Monaco. The Principality’s lifestyle, climate and geographical location are among its key assets. The quality of public services, the events organised throughout the year and the Monegasque tax system also contribute to Monaco’s reputation.
Monegasque residents enjoy a unique quality of life
The Principality’s geographical location is one of the reasons why many foreigners seek to obtain a residence permit in Monaco. This sovereign state is ideally situated between France and Italy on the Côte d’Azur. The mild, sunny climate is a major factor in Monaco’s relaxed way of life.
Monegasque residents enjoy an idyllic lifestyle combining luxury and prestige. Monaco is renowned for its high-end establishments and exclusive real estate market with sky-high prices. The quality of its health and education services also attracts people from all over the world.
A high level of security in every area of Monaco
The Principality’s neighbourhoods enjoy an exceptional level of security. To protect residents, the Monegasque authorities can rely on an advanced video surveillance system. Safety in Monaco also relies on a large police force ready to deploy in the city at any time.
The Principality offers a safe environment for everyday life. It has one of the lowest crime rates in Europe. Its neutrality and political stability also contribute to the country’s appeal. For foreign nationals, investing in Monaco offers the opportunity to make a profit while minimising risk.
A strong economy that attracts people from all over the world
Living in Monaco means choosing a cosmopolitan country. Nearly 140 nationalities are represented among the Principality’s residents. All these foreign nationals are attracted by Monaco’s strong economy. Monaco boasts solid growth, driven in particular by the banking sector and scientific activities.
A buoyant economy makes the Monegasque job market even more attractive. Working in Monaco offers considerable advantages. This is why people from all over the world seek to make the Principality their home. To allow them to settle, a foreigner can buy in Monaco without any restriction on nationality.
A country that hosts prestigious cultural and sporting events
The Principality is not only renowned for the prestige of its institutions. Monaco is also a leading destination for cultural and sporting events. Every year, the country plays host to the Formula 1 Grand Prix and the Monte-Carlo Masters tennis tournament.
As well as sport, culture also plays an important role in the Principality. Residents are spoilt for choice when it comes to cultural venues and museums. All this cultural and sporting buzz has made Monaco one of Europe’s most popular tourist destinations.
Having a residence in Monaco to benefit from tax advantages
If you buy a property in Monaco, you can obtain a Monegasque residence permit. But this precious door opener entitles you to considerable tax benefits. With the exception of French nationals, Monegasque residents do not pay tax on their personal income.
In Monaco, the only direct tax is on companies. A company carrying on an industrial or commercial activity may be liable for corporate income tax. For this to apply, its sales outside the Principality must exceed the 25% threshold.
With all these advantages, do you want to know how to become a property owner in Monaco? Take advantage of the expertise of our Coletti Real Estate agency. As specialists in the Monegasque market, our team can help you at every stage of your property plans.
