The Monaco tax system is well known for exempting individuals from income tax but there is a lot more you need to be aware of if you are considering investing in Monaco real estate to live or setting up a business in the Principality. Continue reading
From visiting legendary landmarks to relaxing in luxuriant gardens, there are many things to do in Monaco. Here are a few of our favourites.
Monaco is a dream location for a wedding, but it is only possible if you are a resident. Fortunately, only one half of the happy couple needs to have lived in the principality for a minimum of 30 days directly before the big day. Monaco weddings are civil ceremonies and only the blessing of a marriage takes place in a church. All civil ceremonies take place at “La Mairie” (Town Hall) in Monaco and are celebrated every day of the week, apart from public holidays. Preparations need to start at least a few months in advance to ensure you have all the paperwork in place for getting married in Monaco.
Choosing which district of Monaco to buy a property in depends upon your tastes, budget and lifestyle. A family’s ideal neighbourhood could be very different from one suited to retirees or single professionals. People move to the principality for a variety of reasons, ranging from business to lifestyle. As any decent Monaco map highlights, it is small enough (just two square kilometres) that you are never far from anything you may need, whether that’s a hospital, supermarket, or even France! However, there are eight distinct Monaco districts, which we’ll outline below.
When you buy real estate in Monaco, you are investing in not only bricks and mortar but also in a safe and secure environment to raise your family in, which is one of the reasons the Principality is such a sought-after residential address. Yet relocating to Monaco means a whole new school system for your children and understanding it is undoubtedly high on your list of priorities. ‘How does it work?’ and ‘Is it bilingual?’ are probably just two of the questions you’re looking to answer, which is why we’ve compiled this handy guide.
