Monaco is a tiny and charming Principality well located on the French Riviera, known for its beautiful landscapes, glorious weather and luxurious lifestyle. Monaco is the second smallest country in the world but this sovereign city-state keeps on attracting individuals from all around the world, including celebrities, entrepreneurs, and families looking for an exclusive living experience.
We will explain you what does Monaco has to offer once you move here, giving you the best reasons why relocating to the Principality might be a fantastic idea if you are looking to make the move. If you already own an apartment here in Monaco then you already know why Monaco is still on the top list of the best places in the world to live in.
1. Tax Heaven Benefits
One of the most significant reasons for individuals moving to Monaco is its favorable tax regime. The principality has no personal income tax, wealth tax, or capital gains tax on its residents, and this is why wealthy families decide to move to Monaco to reduce the amount of income tax they have to pay around the world. This tax-friendly environment is very attractive for residents who can benefit fully from their income and invest in Monaco real estate. Few countries still ask that Monaco residents pay tax to them if the majority of their income is originally earn in that country, but Monaco residents working strategically can avoid this.
2. Strong luxury real estate market
Even if Monaco is a tiny city-state compare to London or New-York, international buyers can still own one of the most unique and luxurious real estate in the world. Since many decades investors are relocating to Monaco to purchase extraordinary apartments which keeps the real estate market strong and competitive. Prices of apartments in exclusive residences such as Odeon Tower, 26 Carré D’Or or the new Renzo Piano are increasing.
3. Safety and security in Monaco
The Principality is one of the safest place to live in the world and the latest low crime rate still confirms it. Thanks to its tiny size and to the Monaco residents’ civility, you will walk in a completely peace of mind and explore the Monaco day and night. The police force quota is very high for the residents number and latest modern security systems also contribute to this exceptional safety.
4. Beautiful climate in Monaco
Another reason why people choose to buy real estate in Monaco and live here is the Mediterranean climate. We have mild but sunny winters with an average temperature of 13° around January and February. The summers are hot with an average temperature of 29° in August but we are lucky to walk to the beach in 5 minutes. In general the Principality enjoys more than 300 sunny days per year and you will be able to have your morning run every day.
5. Beautiful Mediterranean position
Monaco benefits from some of the most fascinating views of the Mediterranean with its position between the French and Italian coastlines. If you are sitting on a luxurious yacht or on a beautiful beach, you will see a beautiful view mixing the Mediterranean sea and the surrounding hills. You will enjoy relaxing waterfront diner and get passionate in watersports.
We are also very lucky to be situated just a short drive from other glamourous resorts in Europe such as Saint Tropez or Portofino.
6. Perfect business position close to Nice Airport
Monaco is perfectly situated just 30 minutes’ drive from Nice Airport. It is so easy for you to travel to all main European cities and to amazing international destinations. You can reach the Nice Airport with taxis, buses but also by helicopter with a 7 minutes fly only. We can organize all your transfers with our partners (drivers or helicopters).
Regarding how to get around in Monaco, we have very comfortable buses, funny electric bicycles, friendly taxis and a lot of public lifts. We still ourselves are happy to discover new ones!
7. High-quality healthcare in Monaco
Monaco has a world-class healthcare system with high-skilled professionals. The excellent public Princess Grace Hospital is being modernized and many private clinics are specialized in cardiology, orthopedic or esthetic. Monaco’s excellent life expectancy rate confirms its excellent overall health standards.
8. High-quality education in Monaco
The education course in Monaco is the same like in France with primary schools and secondary schools for children between 6 and 16 years old, and a big focus on languages, sports and specializations depending on the student’s professional future orientation. Both public and private school boasts an excellent program in French language with English advanced classes for bilingual students.
It is important to note that the Monaco education ‘system is approved by the French national educational authority therefore a high school diploma is accepted by any international reputable university.
Monaco also has a prestigious international school with a program entirely in English.
As a native of Monaco, we can confirm that this international community is an asset since it enriches this environment for the young people growing up here. It’s a perfect place to raise your family.
9. Big variety of sports in Monaco
If you are a sport lover you will be impressed by the variety of sport events here in Monaco. The Principality is home to the most iconic Formula One Grand Prix in the world and it is not difficult to meet your favorite drivers walking around.
Monaco also has a very successful football team AS MONACO that you can watch at the beautiful Louis II stadium and also a well-known basketball team the Roca Team.
You or your children will be able to member at various sport clubs in Monaco like the boxing club, the rowing or sailing club, or even bridge game association.
10. A Rich Culture in Monaco
Monaco is culturally important despite its small size. The Principality host a lot of events and festivals all year around providing us residents with a regular entertainment and enrichment.
Everybody knows the Monte-Carlo Casino and its stunning Opera Monte-Carlo, the glamorous Monaco Grand Prix, but there are many others exhibitions and cultural events like the famous International Circus Festival or the International Jumping, which makes Monaco unique.
Monaco’s image is made not only of a glitzy reputation. Our fascinating Principality gives you many reasons to come to live here : financial advantages, a safety and sunny environment, natural beautiful landscapes, a rich culture, an outstanding healthcare and education for your family, and the essence of luxury living.
Whether you’re an entrepreneur seeking a better tax-environment, a family wishing to improve its quality of life, or an individual desiring entertaining high life, Monaco is the perfect place where to make your new home.
