Are you and your family interested in relocating to the glamorous Principality of Monaco to begin a new chapter in your lives? Moving to Monaco from the UK has its perks, but there are other factors that make the decision to do so much more compelling. Five of the many advantages we can think of are summarised here.
Non-taxed earnings
Monaco has been exempt from income taxes since the American Civil War period, or the 1860s, and this policy has made the principality a desirable location for high-net-worth people looking to invest in the country. Other notable British residents who have migrated to Monaco include professional sportsmen Lewis Hamilton and Chris Froome, as well as Sir Philip Green and financier Simon Reuben, among others.
High levels of safety and life satisfaction
Moving to Monaco or Monte Carlo is an excellent choice if you are concerned about safety throughout your move. Because of Monaco’s high population density, it is often regarded as Europe’s safest square mile. It is also taking an active role to guarantee that the quality of life of its residents is excellent, since the Monegasque Principality recognises that the advantages of its policies may place a burden on the resources of the Principality. You may rent a house from them and they’re developing long-term solutions for the issues of urban life in Monte Carlo over the next few decades. Take a look at some Monte Carlo Real Estate to see what you could be in for.
Location
Monaco, the world’s second-smallest nation, has a strategic location on the Mediterranean coast, bordering France and Italy and abutting the Mediterranean Sea. In addition to a train station, Nice Côte d’Azur International Airport for international flights is located less than 20 kilometres away, making it an ideal location for travellers. Additionally, there is a heliport for individuals who want to fly by helicopter, as well as a port for yachts and other boats.
The English language is commonly used.
The capacity to communicate is one of the most important aspects of migrating to a new country. You’ll discover that English is commonly spoken in Monaco’s diversified population when you investigate the prerequisites for migrating there. High-quality international schools offering English-language education are available in Monaco for families relocating there with children. It is a well-known fact that Monaco’s government cites its multicultural population as a major selling point for the country.
Reduced tax rate
Finally, as a Monaco resident, you will not be subject to any other taxes, including income tax. Monaco does not impose capital gains taxes, nor does it impose council or yearly property taxes. As a result of lower taxes, you will have more money in your bank account.
So if you’re looking for a new start in life in a beautiful country, a considerate Principality, and low living costs, Monte Carlo might just be the right choice for you.
