info@balkinestates.com
+377 93 50 3000
Our Top Five Benefits of Relocating to Monaco from the UK
Are you looking to start a new life with your family on the sunny Côte d’Azur?
Look no further than Monaco. There are some BIG advantages of moving to Monaco from the UK; here are our top five benefits.
1.
Enjoy,
No income tax
In the summer of 2018, news leaked advising the wealthiest man in the UK, tycoon Sir Jim Ratcliffe, had relocated to Monaco. He announced he was moving to Monaco for tax reasons. Monaco has enjoyed no income taxes since the 1860s, and this policy has made the Principality of Monaco a desirable destination for high-net-worth individuals for many years. Other prominent British citizens who have relocated to Monaco are professional athletes Sir Lewis Hamilton, Chris Froome OBE, plus businessmen Sir Philip Green and investor Simon Reuben.
2.
Location, Location, Location
As the second smallest country in the world, Monaco has a privileged location on the Mediterranean Coast, bordering France and Italy. It has a railway station with service operated by France’s SNCF train service and is also just 30 minutes from Nice Côte d’Azur International Airport for international flights. There is also a heliport and an extensive port for superyachts and other vessels.
3.
Relax, English is widely spoken
One of the most critical parts of relocating to a new country is the ability to communicate. Monaco has 139 different nationalities and is a truly international place to live and enjoy all that this privileged environment has to offer.
As you explore the requirements for moving to Monaco, you’ll find English is widely spoken across the principality in Monaco’s multicultural community. If you’re moving to Monaco with children, you’ll find high-quality international schools with English-language education. While French is the official language, Monaco’s government is proud of its multicultural community as one of the reasons why it is a truly fantastic place to live.
4.
Long-term,
a lower tax burden
Income tax isn’t the only tax you won’t have to pay as a Monaco resident. Monaco does not apply capital gains, council or annual property taxes.
5.
Rest Easy, Safety and high-level quality of life
If security is your top priority in a relocation destination, moving to Monaco is a fantastic option. Monaco has the reputation of being the safest square mile in Europe through its high per capita and per area police presence.
Who can move to Monaco?
If you’re interested in the requirements you must meet to relocate to Monaco, our team of experts at Balkin Estates-Knight Frank can assist with all the information you need.
We have extensive experience in the Monaco Real Estate market and Property Management. Our proven track record, key local connections, and dedicated team will ensure your transition to Monaco and locating a property to meet your exact requirements is a stress-free process.
If you want to rent or purchase
property in Monaco, we can help!
Contact us and start the process today with Balkin Estates-Knight Frank, your property partner in the Principality of Monaco.
Email: info@balkin-estates.com
Tel: +377 93 50 3000
