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The tax haven for centimillionaires and celebrities | Monaco tax haven

The tax haven for centimillionaires and celebrities | Monaco tax haven

Imagine living in a city where every single person around you is an extremely successful person.

Multimillionaires, billionaires, celebrities.

The ones in front of you when you shop.

The ones who live in the apartment next to yours.

The ones who send their children to school with your children.

This is Monaco.

It is an absolutely exclusive environment.

Nice to look at, and with exclusive shops and hotels.

The climate is also splendid.

Crime is practically non-existent.

The police force is in fact oversized, and there is one policeman for every 100 residents.

In addition, the entire principality of Monaco is covered by closed circuit cameras.

Banks and financial services are also top notch.

One of the strengths of Monaco is its geographical location.

In fact, unlike other tax havens, it is very close to many European cities.

By living in Monaco, you can spend weekends in some beautiful European cities without even having to take a plane.

You just get out of the house and drive there.

However, exclusivity has a price.

And the price is that this is a country with a very high cost of living.

Everything costs more, the groceries, or the dinner, or the cocktail at the bar.

For example, in one of the nightlife venues, you can pay for a cocktail even 50 dollars.

However, for many, Monaco is still convenient because it allows you to make high-quality contacts.

It allows you to do a level of networking that you couldn't do anywhere else.

And therefore to earn much, much more, because of that.

In the next episode we will talk about real estate.

We will look at the figures you come across if you are thinking of buying or renting an apartment in Monaco, and we will also give
some advice on how to benefit from Monaco on a budget.

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Contact us and speak with an international tax lawyer: https://yourinternationaltaxlawyers.net

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