Alessandra Vicedomini
As the UK tightens tax policies and exits from the US increase, the Mediterranean principality emerges as the premier destination for global relocation among UHNWIs, offering a blend of financial advantages, connectivity, and quality of life rarely found elsewhere.
The tax system is among the most attractive in the world. Unlike the UK, it imposes no income tax on its residents. Coupled with the absence of capital gains and wealth taxes, this framework allows individuals and families to grow their wealth without undue fiscal burdens.For those prioritizing long-term financial stability, it represents an unmatched opportunity for wealth retention.
Monaco offers strategic connectivity to major European and global cities. Its proximity to Nice Airport and two private airports between Nice and Cannes ensures efficient travel for those with dynamic schedules. Just a one-hour flight from Paris and a three-hour drive from Milan, it stands as a nexus of accessibility. Monaco’s iconic ports, celebrated globally for their capacity to host large yachts, provide an unmatched gateway for luxury maritime travel, underpinned by impeccable service and discretion.
While Monaco has long been associated with super-luxury, it has evolved into a haven for families seeking a healthy and active lifestyle valuing discretion over ostentation.
Life in Monaco is the epitome of understated modern refinement: the principality plays host to a calendar of prestigious cultural and sporting events, including world-renowned operas, concerts, the Rolex Masters, the Monaco Yacht Show, and three globally celebrated GP races. Residents enjoy access to elite private clubs, exclusive social circles, and a dazzling array of cool local and fine international restaurants. For the fitness enthusiast, state-of-the-art sports facilities multiply. Global banks, international galleries, and leading financial groups are establishing strategic hubs for their operations.
Relocating is notably straightforward compared to other jurisdictions, allowing families to settle quickly and seamlessly.
Monaco’s stability and secure environment are key draws: with one of the lowest crime rates in the world, it offers peace of mind alongside opportunities for international networking and collaboration. Monaco today is a place where families create enduring memories, embrace outdoor activities, and foster a lifestyle rooted in health and vitality. It is this transformation that makes Monaco not just a destination but a home for generations to come. Nestled gracefully between Italy and France, it is a jewel of unparalleled allure, offering a rich tapestry of experiences and blending the sophistication of its cosmopolitan charm with the rustic beauty of its surrounding regions, from the elegance of its coastal promenades to the heights of nearby mountains.
XLNC ARCHIVE| 24 February 2025