Our selection of the month
Magnificient renewed apartment
5 rooms
CIC Immobilier Monte-Carlo Sotheby's International Realty
2a, avenue de Grande Bretagne
98000 Monaco
Tél : +377 93 25 37 27
Fax : +377 93 25 28 84
| Life in Monaco |
Becoming a Monaco resident |
The Monaco Real Estate Chamber |
Pratique |
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THE MONACO TAX SYSTEM
The main principal of Monaco's fiscal system is the total absence of direct taxation.
Persons residing in Monaco (except French nationals, see below) do not pay any tax on income, interest or capital.
There are just two exceptions to this rule :
- Companies generating more than 25% of their turnover outside of the Principality, and companies generating revenus from patents and/or other intellectual property rights, are subject to a flat tax of 33.33 % on profits.
- French nationals who are unable to prove that they resided in the Principality for 5 years before October 31, 1962.
Apart from with France, the Principality has signed no other bilateral fiscal agreements.
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