Monaco’s tax system is highly favorable, offering many advantages to both individuals and businesses. The most important aspect is that there is no income tax in Monaco, making it especially attractive to international investors.
Taxation Principles
Monaco’s tax system is based on the absence of direct taxes. All individuals residing in Monaco, except French nationals, are exempt from paying income tax, capital gains tax, or property tax. French citizens who lived in Monaco before October 31, 1962, are also exempt, but other French nationals are taxed in France.
Inheritance Tax
Monaco offers favorable inheritance tax rates:
Corporate Taxation
Companies are not subject to direct taxes unless they earn more than 25% of their revenue outside Monaco or if their business involves income from patents, literary, or artistic works. In these cases, the corporate tax rate is 33.33%.
Reg: 14997267
Monoro Group is an expert in real estate services and exclusive investment opportunities in key regions of Italy, Monaco, and Malta.
