Taxation and Legislation

Paolo Petrini

21/01/2025

Taxation and Legislation

Is it possible to obtain the vehicle registration document in Monaco without being a resident?

Yes, there are special cases that allow certain non-residents to register their vehicle in Monaco, especially if they have a parking space or a property in the Principality (see our guide to buying real estate in Monaco). However, this procedure is not automatic: it requires a solid file, in accordance with the requirements of the Driver and Vehicle Licensing Service (proof of a concrete link with Monaco, insurance, supporting documents, etc.). Before taking any steps, it is strongly recommended that you contact the Monegasque administration or a professional (Monegasque lawyer, consulting firm) to check the feasibility and the exact conditions.

Paolo Petrini

16/01/2025

Taxation and Legislation

Monaco vs Luxembourg: A Comparative Overview

Choosing the perfect place to live or invest can be a challenging decision, particularly when two dynamic microstates like Monaco and Luxembourg come into focus. Both offer unique advantages—from Luxembourg’s robust financial hub and central European location to Monaco’s sun-kissed coastline and attractive personal tax framework. We had already compared Monaco with Dubai, but in this comparison with Luxembourg, we decided to stay in Europe. In this article, we take a closer look at how these two destinations measure up in terms of climate, taxation, security, real estate opportunities, and overall lifestyle.

Paolo Petrini

12/11/2024

Taxation and Legislation

Moving to Monaco from US: Requirements and Residency

With recent shifts in American leadership following the election of Donald J. Trump as the 47th President, many Americans find themselves reflecting on where and how they envision their future. For some, this reflection opens the door to possibilities abroad, with Monaco emerging as a unique and compelling choice. This small but glamorous principality along the Mediterranean coast presents an enticing mix of security, real estate exclusivity, and unparalleled quality of life.

Located on the French Riviera, Monaco enjoys a warm climate, beautiful coastlines, and a central position in Europe, making it an ideal base for global travelers. Known internationally yet offering a rare level of privacy and prestige, Monaco has a distinct appeal for Americans. This connection was notably strengthened when American actress Grace Kelly became Princess of Monaco, embedding American ties within the principality. Today, Monaco maintains a strong affinity with American culture, with Prince Albert and the princely Monaco family fluent in English and often welcoming residents from major US cities like New York, Miami, and Los Angeles.