The advantages of purchasing property and living in Monaco
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Taxes. Residents don’t need to pay a number of taxes. For example, they don’t need to pay the tax on profit, wealth tax, capital gains tax, and inheritance tax. This fact attracts many foreigners, especially the British and French;
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If you have income from abroad, it will not be re-taxed;
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Luxurious lifestyle and close location to the French Riviera, top European resorts, and Italy;
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A stable real estate market. Although Monaco has a small territory, the lifestyle here is more of a brand; almost all real estate in Monaco is either premium or luxurious;
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Being a resident gives you the opportunity to travel around Schengen countries;
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Safety and high standard of living;
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Bank secrecy; it is very easy to open an account in a local bank. The procedure is one of the easiest in Europe;
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The opportunity to live and holiday in top European resorts, for example Monte Carlo;
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Monaco hosts luxury events such as the Yacht Show, Formula 1 Grand Prix, and tennis tournaments. The Casino also attracts many tourists and foreigners;
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Most of the people in Monaco understand and speak English. More than 100 nationalities live here;
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It is said that education and medical services are very expensive in Monaco. This is absolutely not true. Education here is cheaper than in London and medical services are definitely not more expensive than in Moscow;
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July and August are the most lively periods; a number of festivals are held here and tourists come for their holiday. The rest of the year Monaco is a very quiet and family-friendly resort;
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Monaco is a country of famous people, businessmen and millionares. It is a normal thing to walk down the street and bump into a celebrity. The difference here is that almost everyone is famous in one way or another; they respect privacy so it is bad manners to run after your idol with a camera.
Best real estate deals in Monaco
- BEAUTIFUL 2 ROOMS AT THE EAST GATE OF MONACO
- Monaco, La Rousse, La rousse
- 83 m2
- 1 bedrooms
- DUPLEX - MONTE MARINA - FONTVIEILLE
- Monaco, Fontvielle
- 2 bedrooms
- Apartment with five bedrooms in Monte Carlo
- Monaco, Monte Carlo
- 387 m2
- 3 bedrooms
- Luxurious apartment with a living area of 834 sq.m.
- Monaco, Monte Carlo
- 1175 m2
- Beautiful duplex overlooking the beaches of Larvotto
- Monaco
- 165 m2
- 2 bedrooms
- We offer for sale a store in the center of Monaco
- Monaco
- 65 m2