Europe · Microstates
Monaco
Zero personal income tax on 2 square kilometres, with the world's most expensive real estate acting as the real entry ticket — and a residency that is genuinely obtainable, unlike its citizenship.
Tax position
- Income tax (top)
- 0% — no personal income tax since an 1869 ordinance of Prince Charles III. French nationals are the major exception (see below)
- Capital gains
- none for individuals
- Wealth tax
- none
- Inheritance tax
- 0% between spouses and in the direct line; 8% siblings; 13% uncles/aunts/nephews/nieces; 16% unrelated parties. Applies only to Monaco-situated assets
- Special regime
- Corporate profits tax (ISB) at 25% applies only to companies earning more than 25% of turnover outside Monaco; reduced from 33.33% in 2022
- Territorial
- Yes — foreign-source income generally outside scope
- CFC rules
- No
- Exit tax
- No
- CRS
- Participating
Is Monaco actually right for your family?
We will tell you if it is not. That is the whole service.