Moving To Monaco

Most people would think that Monte Carlo is the same as Monaco. In fact, although a very small state, Monaco is divided into five districts: Monte-Carlo, La Condamine, Monaco-Ville, Fontvieille, Moneghetti. The reason why Monte Carlo is the most popular one is that it is the touristic center, with the famous Casino and all the luxury hotels.

Monaco is the second-smallest independent state in the world and at the same time the world’s most densely populated country; residents of Monaco represent 108 nations. So, what makes Monaco the ideal place to live and invest?

Location:

Monaco is privileged by:

• A special setting and a mild climate make it a fairy-tale place joining mountain and sea. It is said that in Monaco 300 days a year are bright and sunny.
• A strategic location, with easy access to major cities.
• Attractive fiscal system: Monaco’s fiscal system is characterized by the total absence of direct individual taxation. There are few exceptions mainly concerning residence issues.

Economy: based on a policy of investment, development and innovation.

Main areas of activity:

• Tourism — high quality services
• Trade and commerce
• Services — banking, shipping, insurance, real-estate, consulting, trucking, law firms. The banking sector is highly perfected, ready to answer every need
• Industry — main fields: chemicals, plastics, pharmaceuticals, cosmetology, electronic material, textiles , printing. Future-oriented, innovative technologies: high technology fields, biotechnology and environmental industries.

Tourism and commerce represent 40% of the annual turnover. Industry is 8%. Services — banking 18%, shipping 4%.

Transportation:

Monaco is served by main routes and railroads and has several harbors.

Health:

Monaco has a first-class health infrastructure — ten pharmaceutical laboratories, the renowned Princess Grace Hospital, Hemodialysis and Cardio-Thoracic centers.

Education:

The educational program is similar to the French one, the differences being that children begin learning English in Elementary school and are introduced to the traditional language and history of Monaco. The diplomas obtained are the same as in France.

Lifestyle:

Safety: Monaco is said to be one of the safest locations. The system of safety maintaining is very well organized. There is one policeman for every 100 residents, but their discrete presence is hardly felt. There is also a video surveillance system spanning the entire surface area of the Principality, including hotels and gambling establishments. All access in and out can be blocked in a matter of minutes. There are strict regulations for anything detrimental to the harmonious atmosphere such as prohibition of indecent clothing, begging. The rate of delinquency is very low, as the court system is very strict and always gives maximum sentences.

The “art de vivre” Monegasque: centuries-old tradition links to modernism; people here have preserved unspoiled the color and taste of a long-ago inherited art of living characterized by courtesy and discretion.

Culture:

Personalities such as Picasso, Puccini, Matisse, and Berlioz confer Monaco the fame of a center of high cultural importance. The Monte Carlo Philharmonic came into being in 1863, the Monte Carlo Ballet was established by Princess Caroline to honor her mother’s memory. There is also an opera house in Monte Carlo and several theatres.

Leisure:

There is a number of celebrated major events in the world of arts, music, sports going on throughout the year in Monaco. The attractions are surprisingly varied within a so small space. Tourism being highly represented, there are also very many leisure pastime opportunities: sports — golf, squash, tennis, water sports — night clubs, discos, casinos. The hotel facilities and restaurants services in Monte Carlo are remarkably highly rated.