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Monaco is well known for operating a beneficial tax regime for resident individuals and companies.However, it is not fully tax free and this note summarises the principal direct and indirect taxes leviedin the Principality.
Monaco resident individuals* are not required to pay tax on worldwide income, capital gains or wealth tax. Although, inheritance and gift taxes are levied at modest rates (a top rate of 16%). Gifts to immediate family are tax free. (*Except certain French nationals.)
There is no property tax on the owners or the occupiers of property in Monaco, however registration tax is due on the transfer of real estate in the Principality.
Rosemont Monaco SAM provides a full family office service to individuals and their families, and can assist in structuring and administering a client’s finances. With partners in strategic locations the company is able to offer an integrated service covering the important areas of interest to clients including:
–– Tax, estate and business planning
–– Onshore and offshore corporate, trust and fiduciary activities
Visit us at www.rosemont-mc.com e-mail: email@example.com
Address: Rosemont Monaco SAM, Les Villas del Sole, 47-49 boulevard d’Italie, 98000 Monaco Tel. +377 97 70 20 80 Fax. +377 93 50 14 74