Monaco, a tiny city-state on the Mediterranean, is known as the ultimate heaven for the ultra-rich. With its glistening marinas, lavish casinos, and exclusive real estate, it’s a paradise for billionaires, where millionaires are merely spectators. The cost of living and housing is so high that even those considered wealthy elsewhere would struggle to maintain the same level of luxury in Monaco. Here, it’s a world of mega yachts, private jets, and exorbitant tax advantages, where only the largest fortunes can truly thrive. Did you know that Monaco is a tax-free country? Unless they are French nationals, resident individuals are not subject to personal income tax in the Principality of Monaco. There is no tax on investment income, capital gains, dividends or directors' fees in Monaco. There is no wealth tax or property tax!
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