Monaco is famously associated with a favourable tax regime. This is a place where you are free to develop your business and preserve your capital in all serenity. In 1869 the Principality abolished personal income tax, a benefit it enjoys to this day.
Monaco is widely believed to be a "country for millionaires," a tax haven, the safest place to live. Its mild Mediterranean climate, favourable geographical location (major European cities are just a few hours’ drive away) and business conditions have made the principality a universal magnet.



