The Principality of Monaco
The Principality of Monaco is the second smallest country in the World right after the Vatican City, yet an astonishing 44% of its residents are millionaires.
Living in this small but highly significant country at the heart of Europe is considered more than prestige.
In this sun filled and luxurious environment which is one of the wealthiest countries in the World, the life expectancy is 89.5 years which is the higher than any other country in the World.
The Principality is not just stress free, but due to its location between south of France and Italy, it offers a true Mediterranean atmosphere with mild winters and summers offering almost 300 sunny days during the year with an annual average temperature of 16,6 °C.
Personal relocation to Monaco
With no doubt one of the positive aspects of the Principality of Monaco is the care and the security that it offers for its residents. You can find in Monaco the combination of all the qualities and attributes of other people you may admire.
The Principality of Monaco is also very strong in cultural values. In its multi-cultural environment the Principality offers high standard, internationally recognised education for your children. It also offers a multi language environment where the three mainly used languages are the French, Italian and English.
There is a possibility to stay and live in the Principality of Monaco for a maximum period of three months without any residency permit or VISA. It does not matter whether you arrive for a one day visit or for a longer time period of up to three months, the basic principals are the same. During this time period you are considered as a tourist.
Based on the regulations any person of foreign nationality who wishes to enter Monégasque territory and stay there for a period not exceeding three months must have the document (passport, travel or identity document) required for entry into French territory.
Business formation and operation in Monaco
Operating a business in the Principality of Monaco always involved extraordinary benefits and clear reasons, motivations. As we see it the top three reasons are Flexibility, Added values and of course Taxation. Each one of them are worth even individually as reasons to relocate your business in Monaco, while you can be together with your loved ones. Utilizing these benefits you can easily improve your business and you can focus on further developments as well.
It is also very interesting to see how much change has been implemented in the last decade in Monaco ensuring more and more benefits for those well established people who are combining the joy of the luxurious quality lifestyle with the business potential that the Principality of Monaco offers.
However it is highly important to know that a Government authorization is required for any kind of business activity in the territory of the Principality of Monaco.
