The top 7 reasons why UHNIW relocate in Monaco
19/04/24
3 MIN
Life & Business
1 – The Education
With nearly 100% success at the Baccalaureate, the Principalty aims to achieve excellence. The Educational offer is split in public and private schools : 6 kindergarden and elementary schools, 1 college, 1 high school, 1 general and Thechnical school, 1 professional and Hotel Industry School. There are 2 further private school under contract with the state, the International School of Monaco (bilingual french / english) from kindergarden to high school, the Princess Grace Dance Academy, the International University of Monaco ( Business and Plastics Arts School) and the Nursing school.
Based on the mixity, the diversity and the proximity, the education system excels thanks to a personalized teaching which excludes the dropout, providing a strong after-school follow-up. Furthermore, by 2022, as per the Princely Government wish , the numeric cloud, based on new equipments, will strenghten the exchanges between students and teachers, the learning and the students autonomy. Attentive to changes of the world, The Principality of Monaco has already stepped up the digital challenge in the Education.
2 - The Health
Monaco has an examplary medical system wichs leads it on top of the OECD contries list. The Principality of Monaco has one of the most important life expectancy in the world. A single sanitary model targetting the gold standards of care wich can rely on establisments famous well beyond Monaco borders : The CHPG who has just received an Award from the French Heatlth High Autority. An « A » was given to CHPG without any reservation. IM2S, specialized in Sports Medecines, the Cardio Thoracique Center hosting world class reputation Doctors ans Surgeons, the Hemodyalise Center, The Monaco Princess Grace Check-up Unit which offer a global check up with 5 stars service.
3 - The Security
To ensure the serenity of its residents, Monaco can rely on 600 Police Oficers from the direction de la Sûreté Publique and 100 surveillance cameras.
Full presence on the ground and closeness to the population ensure to maintain an optimum security, never being intrusive in total respect of the persons.
4 - Tax System
The peculiarity of Monaco is the Tax system. The tax regulations needs only a few words to be described. From 1869, there are no income tax, no wealth tax, no land tax, no housing tax.
The only direct tax collected by the state comes from the industrial or the commercial profits.
The tranfer rights in successions
Direct line descendants, or between spouses: 0%
Between sisters and brothers : 8%
Between uncles, aunts, nephews or nieces: 10%
Between colateral, non brothers or siters, uncles, aunts, nephews or nieces : 13%
Between persons not related: 16%
5 – Business
Monaco economy is very dynamic. Cosmopolitan entrepreneurs are operating in all sectors through 5000 companies in Finance, Industry, Hospitality and services.
The economy continue to rise, almost all economy aggregates have incresed compared to the previous year.
Revenue | €20.2 Billion | +5.5% |
Scientific, Tech, Admin, Finance &Services | €4.3 Billion | +1.1% |
Construction | €2.8 Billion | +301.0 |
Retail & Trade | €2.3 Billion | +247.1 |
6 – Culture, Art and Charity
Generation after generation, the Grimadi Family has always supported the Arts.
Today, undoubtebly it is Princess Carline who speaks for the Arts in the Principality. Furthermore, seeing in her the “spokeswoman” of the arts, she has been appointed as Commandeur des Arts et des Lettres by the french Gouvernement in 2017.
Monaco has always cultivated the passion for all arts, being sometimes forefront. With the creation on the Ballets de Monte-Carlo in 1985, the Principalty has honored Serge de Diaghilev, founder of the Ballets Russes and the great russian dancer and choreografer, Rudolf Noureev.
The significant grow of the Printemps des Arts, the international events and meetings, the concerts, the operas, the ballets at the Grimaldi forum show that the Principality places the culture at the center of the monegasque life. Faithful to its philantropic values, Monaco has founded several important Associations or Foundations. Some of the most imoprtant are the Prince Albert II de Monaco Foundation active in the protection of the planet, the climate, the life on earth, Fight aids Monaco carried out by Princess Stephanie, Monaco Red Cross since 1948, Amade Monaco, Child Care in charge of the protection of the children worldwide. All luxury brands are present in monaco, offering the hihest quality products such as Christian Dior, Louis Vuitton, Chanel, Van cleef & Arpells, Rolls Royce, and many more, as well as some stars restaurants Le Louis XV, Le Grill, Elsa, La Table de Salavatore, Le Métropole Monte-Carlo, etc…
7 – The access
18 miles is the distance from the International Nice Airport, 30 minutes by car, or 7 minutes by helicopter with Monacair. Nice Airport is ranked 2nd in europe for commercial and private flights. 77 international destinations are available with 23.000 connexions per week. Even if the travel conditions have been temporarely changed due to the sanitary situation.
Motorways and european trains connexions contribute also to the easy access of Monaco.