What makes living in Monaco so good? – Monaco Relocation Services

25th January 2018

Monaco is a tiny country; in fact, it matches New York’s Central Park in size. However, for a territory so small, Monaco has a lot to offer people who live there. You might tend to associate Monaco with casinos and beaches; however, this only scratches the surface of its appeal, as this article shows.

Monaco does not charge income tax

There are various taxes which you may be obliged to pay in your home country but are not levelled by Monaco’s government. Those taxes include capital gains tax, inheritance tax and wealth tax.

Especially appealing for wealthy businesspeople is that, as The Good Life France reports, Monaco residents do not have to pay tax on their income – no matter where in the world that income is earned. Monaco is also near Nice Côte d’Azur Airport, which provides regular global flights.

Reaching other great parts of Europe is easy

We have already started touching on this issue; indeed, Nice Côte d’Azur Airport – the second largest airport in France – is a mere 30-minute drive away.

However, you wouldn’t even need to take a flight to enjoy several of Europe’s most stylish resorts. A short drive would suffice for reaching the Italian holiday hotspot of Portofino or either of the French Riviera resorts of Saint-Tropez and Cannes.

There is a varied array of cultural opportunities

Such a small place still packs an abundance of artistic talent which you would readily be able to enjoy as a Monaco resident. You might not have realised that Monaco has its own philharmonic orchestra and opera; why not become a regular visitor to the Grimaldi Forum cultural venue? The events that you can enjoy on a weekly basis in Monaco include theatre, music and ballet.

There is plenty of warmth and sunshine to enjoy

It’s a stereotype, but one that holds true: Monaco has a very tropical climate. Naturally, the Principality is gloriously hot during summer, but even the winters remain more mild than frosty. Every year, the sun shines on the country for more than 300 days, reports The Culture Trip. Hence, you can enjoy a Mediterranean lifestyle that you may have previously only sampled on holidays.

You can also often get into the water

Of course, a tropical climate might put you in the mood to take a dip in the sea or swim a few laps in a pool. It’s easy to do either when living in Monaco. Most of the country’s luxury apartments feature their own swimming pool or are close to the Mediterranean Sea.

If you are a particularly avid swimmer, you could be especially attracted to the Rainier III Nautical Stadium, as it includes an outdoor pool of Olympic size.

On our website, there is much more information that you can read about the pleasant experience of living in Monaco. Furthermore, as a company, we can help you to both start making the residential transition to this Principality and iron out as many potential hiccups of the move as possible.