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.

Paolo Petrini

19/06/2024

Taxation and Legislation

What are the rules for leases subject to VAT in Monaco?

In the Principality of Monaco, the taxation of commercial leases, in particular the subjection or exemption from VAT (Value Added Tax), may seem complex to the uninitiated. This article aims to clarify these rules for commercial, industrial and administrative leases, and to explain why VAT applies to some leases and not to others. Although our site deals with Taxation in Monaco and its Taxes , we would like to explain in detail why certain leases are subject to VAT in Monaco.