Taxation and Legislation

12 min.
Moving to Monaco from US: Full Guide to Residency and Taxes 2025
Paolo Petrini
Paolo Petrini
12/11/2024

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.

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6 min.
Leases subject to VAT in Monaco: Professional rental
Paolo Petrini
Paolo Petrini
19/06/2024

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.

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22 min.
Tax benefits of residency in Monaco for UK non-doms
Paolo Petrini
Paolo Petrini
29/05/2024

Why UK Non-Doms Should Consider Moving to Monaco for Tax Benefits

For many years, the non-domiciled (non-dom) tax regime in the UK has allowed residents to benefit from favorable tax treatment by paying taxes only on the income they remit to the UK. However, recent legislative changes have significantly altered this landscape. Starting from April 6, 2025, the UK will abolish the non-dom tax regime. This means that all UK residents, regardless of their domicile status, will be taxed on their worldwide income, a significant shift from the previous remittance basis system.

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