The absence of a personal income tax in the principality is very attractive. As it is an independent country is not obligated to pay taxes to other countries and income tax was abolished in 1869. Therefore Monaco applies no income tax on individuals subject to some conditions
Individuals Persons residing in Monaco (except French nationals) do not pay tax on income, on capital gain or on capital. For French nationals, two distinct categories exist:
There is no direct tax on companies apart from the tax on profits for the companies earning more than 25% of their turnover outside of the Principality and companies, whose activities consist of earning income from patents and literary or artistic property rights, are subject to a tax of 33.33 % on profits
We will assist you in all administrative procedures as well as for the subscription to local service providers (Phone, television, insurances …)
For more information, contact us.