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Buying, Selling or Rent In Monaco

Many factors above and beyond the Mediterranean climate weigh in the favour of Monaco?s real estate market:
- Outstanding security for property and people.
- A prestigious setting that is all the more enjoyable thanks to the air of security that reigns in Monaco. Security specialists unanimously agree that it would be hard to make anywhere safer than Monaco. There is one police officer for every one hundred inhabitants, and a video surveillance system operates 24/7 across the entire territory and in the lobbies of the vast majority of apartment buildings. In a country where luxury is synonymous with peace of mind, the security is optimal but discreet.
- A particularly advantageous fiscal system.
- Some taxes and duties that are a fact of life in other countries are not levied in the Principality: income tax, wealth tax, property tax, council tax, TV licence.
- Monaco?s tax policy is based on the absence of any direct taxes.

However, there are 2 exceptions to this rule:
- Businesses that generate over 25% of their turnover outside the Principality, and companies whose business in Monaco consists in collecting revenue from patents or literary or artistic property rights, are charged tax on their profits at a rate of 33.33%.
- Natural persons of French nationality who could not provide proof of having resided in Monaco for 5 years on 31/10/1962 have to pay French income tax. The Principality has not signed a bilateral fiscal agreement with any country other than France.

Inheritance tax

    The following tax rates are applied to properties located in Monaco:

  • DIRECT HEIRS : 0%
  • BETWEEN BROTHERS AND SISTERS : 8%
  • BETWEEN UNCLES AND NEPHEWS : 10%
  • BETWEEN OTHER COLLATERALS : 13%
  • BETWEEN NON-RELATED PARTIE : 16%

Natural persons

Natural persons who reside in Monaco (apart from those of French nationality) are not subject in the Principality to income tax, capital gains tax or tax on their capital.
French citizens fall into 2 categories:
- Those who can prove that they had been living in Monaco for 5 years on 31/10/1962 are covered by the general framework.
- Other French residents have to pay French income tax to the French administration.

Businesses

No direct taxes are levied other than the tax on profits in the cases mentioned above.