ABOUT
Monaco is a sovereign city, state, country and micro-state set on the French Riviera in Western Europe, bordered by France and the Mediterranean Sea.
Monaco has the world’s second highest GDP nominal per capita at US$153,177, it has the world’s lowest poverty rate and the highest number of millionaires and billionaires per capita in the world.
Monaco since 1870 has not levied a personal income tax on its residents. Residents do not pay capital gains taxes and government does not levy net wealth taxes.
Monte-Carlo is its major district and the marina is home to the worlds largest most luxurious super yachts.
Monaco is a full member of the UN, it is easily accessible by plane, boat or train and it is very common for residents to live and work in other countries in Europe.
FACTS
•Capital city: Monaco
•Languages: French, Italian, English
•Visa free countries: N/a
•Currency: EUR
•Total area: 2 km²
•Population: 38,890
•Nearest country: France
•Time zone: Western European (UTC)
BENEFITS
•Visa-free travel throughout Schengen Area
•Fast-track application process
•No physical stay required
•No income tax
•No capital gains tax
•No double taxation
•Business friendly
•High standard of living
•Excellent location
•Apply for citizenship after 10 years
INVESTMENTS OPTIONS
•Deposit €1 million in a bank in Monaco
•Applicant must secure appropriate accommodation
Considerations
•Applicants must be at least 16 years of age.
•Background checks on the reputation of the individual are undertaken by the authorities, and evidence of a non-criminal record must be obtained.
•Non-EEA nationals must obtain a long stay visa from France before making an application.
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