Zero debt country
In the greater public, Monaco was always known as a zero-debt country, which makes and highlights the Principality of Monaco as an outstanding place in the European Monetary Zone (as well as all around the world).
The truth is that there is a little “trick” in it, as the Principality has a double budget.
The Monégasque government has an autonomous accounting body with its own assets and enjoys a special status. The Government has its annual budget as well as the Constitutional Reserve Fund (FRC /Fonds de Réserve Constitutionnel), which is considered as a strong guarantee.
However, combined with specialties in the economic model of the Principality, this Constitutional Reserve Fund helped to achieve Monaco’s independence. This is also a guarantee for the Principality of Monaco to maintain its attractiveness all around the world.
From your perspective, having your business in a zero-debt country also strengthens your positive image and PR value. People will automatically associate the exceptional wealth of the Principality with the image of your company. It is a great tool for positioning your company in the eye of your target group.
This is also the reason why many foreign companies choose Monaco as their destination for various events, conferences, and product launches.
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