Join the high society life style and live in an extraordinary safe environment: this is possible in Monaco. The Principality is located at about half an hour from Nice International Airport, but you can reach Monaco by helicopter in only 10 minutes. You will enjoy its soft climate and the best addresses for shopping and night life.
How to purchase a flat in Monaco ?
If you wish to benefit also from its very favorable tax system, you should then become a resident. You don’t need for that to invest in specific programs like for some other jurisdictions. You will have to complete an application and join the necessary documents, such as a valid passport, a birth and marriage certificate and prove not to have a criminal record.
An account need to be opened at a Monaco bank, which will issue a letter confirming that you own enough funds to live there. Finally you will have to find a place to live in Monaco which can accommodate your family. It is possible to rent or purchase a flat in Monaco. In each case you will add to your residency application the lease contract or the ownership certificate issued by the Notary.
Why buying a property in Monaco is profitable for you ?
Our agency can organize this for you in connection with its partners in Monaco and you will be guided through the whole process.
When you buy a property in Monaco you will pay the usual 6 % registration fees based on the purchase price, and that’s the end of it: no taxes during the time you own the flat and no taxes on the profit when you resell, no matter the number of years, as there is no tax on capital gains.
As a resident, you will also not be taxed in Monaco on your worldwide personal income, provided you are not an American or French citizen.
The explanation is that the American tax system is based on citizenship while it is generally based on residence. Concerning the French citizens, a treaty between the Principality of Monaco and France excludes the French citizens from the above mentioned dispositions.
Living on the French Riviera will make you fall in love
Having your residency in Monaco do not stop you from buying a holiday property on the French Rivera’s famous spots around Monaco, in Cap Martin, Cap d’Ail, Eze or in the golden triangle of Cap Ferrat, Beaulieu sur Mer and Villefranche sur Mer.
Again our agency will offer you a personalized assistance to find the property of your dreams.
We are at your disposal for more detailed information or specific requests.