The real estate business is one of the most important economic factors in Monaco, along with tourism and the financial sector. The demand for property in this small state is obvious.
In Monaco, where nearly one in three residents is a millionaire, the stakes for securing your wealth couldn't be higher. Specifically, the Principality's private banking sector, known for its robust financial stability and tax-friendly regime, stands as an exclusive haven for Ultra-High-Net-Worth Individuals (UHNWIs) and High-Net-Worth Individuals (HNWIs).
Why are billionaires and people with a lot of money running to Monaco? Why do rich people from all over the world come to this tiny Mediterranean country?
The Monaco Yacht Show, taking place September 27-30, 2023, is the world's most prestigious yachting event, attracting primarily high-net-worth individuals and yacht owners. Held in Monaco's stunning Port Hercule, this annual event showcases the latest and most luxurious yachts and offers a range of exciting experiences and networking opportunities.
Monaco is one of the leading countries that are considered havens for High-Net-Worth Individuals (HNWIs) and Ultra-High-Net-Worth Individuals (UHNWIs). Yet, there’s more to this Mediterranean principality than just its appealing tax efficient structures. Diving deeper, Monaco offers a multitude of sophisticated services to potentially secure the financial future HNWIs and UHNWIs. These services go far beyond mere fiscal benefits, presenting a comprehensive financial planning and asset management ecosystem.
According to the World Health Organisation and the World Economic Forum Global Competitiveness Report, Monaco has the highest life expectancy in the world.
No fewer than 23 Grand Prix races are on offer to fans of the queen of motorsport – the Formula One World Championship – in 2023. As reported by MotorAuthority.com, this will equal the record number of races set last year, when the same number of races was 23.
