The complete guide to accompany you in your installation in Monaco

Living in Monaco

In the Principality, the quality of life is reputed to be excellent. First, the government offers a wide range of support services for new residents. Indeed, Monaco has a multitude of facilities to meet the expectations of Monegasque citizens. In particular, fitness centers, reputable schools, cultural activities (opera, theater, cinema, museums, art galleries), as well as a multitude of services for children.

In addition, the Principality is a model in terms of security. Indeed, a video surveillance system protects the entire territory 7 days a week and 24 hours a day. The Monegasque security has 519 police officers, or one policeman per hundred inhabitants.

On the other hand, the country hosts renowned international events every year. Examples include the Formula 1 Grand Prix, the Monaco Yacht Show and the Rolex Monte-Carlo Masters tournament.

Monaco is also known for its luxury hotels, prestigious casinos and the excellence of its gastronomy.

Another essential point, the country has many green spaces. Indeed, gardens and parks occupy about 20% of the total surface of the territory, or more than 250,000sqm. This sustainable development policy allows the Principality to rank second in Europe. Also, the government services tirelessly strive to preserve the quality of public spaces: roads, signage, lighting, green spaces and mechanical linkages.

Population

Among its inhabitants, Monaco has 22.5% of Monegasque nationality citizens. However, the population of the Principality is very international, with 139 nationalities registered in 2019. Among others, most of them are French, Italians and British. Many other European nationalities are represented in the Principality among residents. Outside Europe, Monaco has a large number of American, Australian, African, Russian and Middle Eastern nationals.

French is the official language of the country; However other languages, such as Italian, also take over the conversations. Indeed, the proximity to the Italian border explains why this language is widely used in the Principality. Furthermore, the Monegasque language is used by the "elders" and is taught to students in schools.

Access

The Principality of Monaco is very well served by the European road network. Indeed, many countries are accessible by road from Monaco. Among them: France, Italy, Spain, Switzerland and Belgium.

Monaco can also be connected to neighboring cities by road. For example, it’s easy to reach the coastal city of Beaulieu-sur-Mer by road, taking the Basse Corniche which runs along the seaside. The Moyenne Corniche crosses the picturesque village of Èze. Moreover, the Grande Corniche, allows you to reach the town of La Turbie.

The 2sqm country is also accessible by air since Nice Côte d'Azur Airport is located only about twenty kilometers from the Principality. Easily accessible via the A8 highway, this international airport serves more than 86 destinations around the world.

The airport is itself reachable by air, thanks to the helicopter connection between Monaco and Nice. Helicopters take off every 20 minutes and allow you to admire the French Riviera from the sky, during a 7-minute flight.

Finally, there is a last access by train to join the underground train station of Monaco. Located on the railway line between Marseille and Ventimiglia, Monaco station welcomes 110 trains every day, and more than 6 million passengers each year.

Healthcare services in the Principality

The Principality has several health institutions, whose expertise is recognized worldwide:

  • Centre Hospitalier Princesse Grace (CHPG) has a complete offer of healthcare services of international level, with more than 21 specialties. The hospital has, among other things, a department of oncology, cardiology, radiology, and of course, its own maternity unit. The multidisciplinary staff of the CHPG is highly qualified to respond to health and social concerns of patients. In addition, the center has a state-of-the-art medical and technical platform.
  • Institut Monégasque de Médecine et Chirurgie Sportive (IM2S), specialized in the management of osteoarticular pathologies, orthopedic surgery and traumatology.
  • Centre Cardio-Thoracique de Monaco (CCM), dedicated to thoracic and cardiovascular pathologies.
  • Centre d'Hémodialyse Privé Monaco (CHPM).

To conclude, the healthcare offer in the Principality of Monaco covers all health professions.

Taxation

The job market and the quality of life are not the only reasons that explain the popularity of the Principality. Indeed, the advantageous tax status that exempts Monegasque residents from income tax is a significant advantage. Moreover, there is neither wealth tax, property tax, housing tax, or inheritance tax.

Thus, Monaco's main tax revenue comes from VAT applied in accordance with French regulations. Consequently, the Principality applies a tax on the profits of any commercial or industrial company carried in Monaco. This tax is collected regardless of the structure of the company. In sum, companies in personal name, limited liability companies, or public limited companies, are subject to VAT.

Our agency supports you at every stage of your installation in the Principality of Monaco

The Principality

The complete guide to assist you during your installation in the Principality

The Districts

Here is the complete list of all the districts of Monaco The Principality of Monaco covers 2,02 square kilometers with 11 districts. Despite its small size, the land of the Grimaldi Family is steeped in history and charm. Over the decades, the territory has been massively urbanized and that phenomenon...

The Buildings

The list of buildings in the Principality of Monaco

Port Monaco

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