Monaco, this French coast is famous worldwide for being a favorite destination for wealth management. The quality of banking services and products is among the best in the world. An exclusive jurisdiction that makes our help essential to consolidate companies or offshore accounts in Monaco.

Real estate in Monaco is a completely safe investment, as the real estate market of this jurisdiction is the most expensive in the world. 

Monaco is a center for entrepreneurs and businessmen, who enjoy all the virtues of this place; the famous and most exclusive casinos, bars, restaurants, the yacht port and the international airport in Niza.

Residents of Monaco are exempt from local personal income taxes. In this jurisdiction the inheritance or gift tax does not apply, except that they are local assets, but the rest of Monaco is an excellent jurisdiction for foreigners who plan to transfer their estate to family members.

Foreigners may apply for a residence permit in Monaco, but they have to meet a number of requirements in order to be eligible.

Some of the requirements are to have a rental contract for a residence in Monaco, not having a criminal record and having sufficient income (in some cases it can be at least half a million dollars).

Monaco is a regulated and stable jurisdiction, with an established judiciary that provides the necessary security to international investors. Although it is a private and exclusive place, Monaco is committed to being completely transparent with the Organisation for Economic Co-operation and Development.

The country currently has 19 tax information exchange agreements, these agreements aim to promote international cooperation in the tax field through the exchange of information in order to prevent fraud and tax evasion. Monaco has agreements with countries such as the United States, Germany, France, Australia, among others.

Is there total tax exemptions in Monaco?

It exists and is found in the maritime industry. Monaco's most favorable working environment is the shipping industry. Companies registered in this area are entitled to some tax benefits on the activities carried out such as total exemption from the payment of corporate income tax.

If you require more information about this jurisdiction, please contact our Foster Swiss advisors. Our team of experts will help you with virtually everything. 

In case of starting to set up a company in Monaco, they will provide you with personalized advice from the moment you choose a corporate structure for your company, until even one year after you have constituted your company and we take care of the whole process for you.

For more information on this topic or any requirement related to our services, you can contact us directly through info@fosterswiss.com