The Principality of Monaco has been on the list of the world's most coveted real estate markets for many years, and this on a territory of only 2.02km².
With its rich cultural heritage, sophisticated architecture and luxurious living environment, Monaco is full of attractive resources for a wealthy clientele.
The iKeys House, specialized in luxury real estate, presents the reasons why investors from all over the world choose to invest in Monaco.
Contents :
A prestigious investment
An optimal quality of life
An attractive tax system
A prestigious investment
The small size of the Monegasque territory makes its real estate rare and prone to impressive, innovative and therefore particularly luxurious architectural feats. As an example, the Odeon Tower, completed in 2015, houses the most expensive apartment in the world. With a surface area of over 3000m² with a swimming pool, it is spread over 5 levels and is estimated at 300 million euros.
The architecture is not only luxurious, it is also forward-looking. The Principality is among the world leaders in eco-responsible real estate. One example is a project led by the company Socri Reim to create a complex of 41 new homes and shops of all kinds, with the ambition to reduce its carbon footprint and energy consumption as much as possible through the use of green technologies.
Monaco is also a hub for the business world and particularly for the banking sector. Its establishments are recognized for their exemplary management of international assets.
Investing in Monaco means being part of the dynamics of the Monegasque economy while at the same time having the assurance of a secure investment: substantial capital gain on resale and an investment turned towards the future.
This notion of security is not only economic. It is also one of the main characteristics of a resident's daily life.
An optimal quality of life
The Principality of Monaco is known for offering its residents "total security", to quote Prince Rainier during his reign. Indeed, Monaco's streets and building entrances are equipped with state-of-the-art video surveillance systems and the city has one police officer for every 100 inhabitants.
In addition to a safe and secure environment, the people of Monaco enjoy an exceptional location. The Mediterranean landscapes, which alternate between sea and mountains, as well as gardens such as the Jardin Exotique, make up the beauty of the Principality. The city also hosts international sports festivities such as the Monaco Formula 1 Grand Prix which takes place every year. With 300 days of sunshine per year, Monaco is without a doubt a destination where life is good!
Finally, although under French protectorate, the Principality remains independent and has, among other things, its own tax regulations that are particularly attractive to foreign investors.
An attractive tax system
The general principle that governs the Monegasque tax system is the total absence of direct taxation of individuals. Taxation is not based on income, but on profits. There is therefore no wealth tax.
This taxation does not apply to residents of French nationality since the signing of a bilateral convention in 1963 which aims to fight against tax evasion by the French.
Property located in Monaco is exempt from property tax, housing tax and capital gains tax. In addition, the regulations regarding inheritance are advantageous: property located in the Principality will be subject to Monegasque law, i.e. the application of a tax of 0% in direct filiation, and 16% if there is no filiation. And this, whatever the nationality or domicile of the deceased or the donor.
Do not hesitate to contact us for more information adapted to your investment project in Monaco. We will be delighted to assist you.