Living in Monaco

Monaco offers a singular combination of advantages that no other jurisdiction can match. The Principality levies no personal income tax, no wealth tax, and no capital gains tax on individuals — a policy that has been in place since 1869. This makes it highly attractive to entrepreneurs, investors, and high-net-worth families seeking a tax-efficient home base within Europe. Beyond the fiscal benefits, Monaco is one of the safest places on Earth. With approximately one police officer for every 60 residents and extensive 24/7 CCTV coverage, the Principality has the lowest crime rate in Europe. Streets feel safe at any hour, and families enjoy a sense of security that is increasingly rare in major cities. The Mediterranean climate delivers more than 300 days of sunshine per year, with mild winters rarely dropping below 8°C and warm summers averaging 26°C. The compact size of the Principality — just 2.02 square kilometres — means everything is walkable. From your apartment to the beach, the Casino, or the harbour, nothing is more than a 20-minute stroll away.

Monaco provides outstanding educational choices for families at every level. The International School of Monaco (ISM) is the most popular option for the international community, offering an English-language curriculum for children aged 3 to 18, following the International Baccalaureate (IB) programme. The school is located in a modern facility and has an excellent reputation. The Lycée Albert Premier is the Principality’s main state secondary school, offering both the French baccalauréat and a British section. It achieves a remarkable 98% pass rate and sends students to top universities across Europe. The François d’Assise-Nicolas Barré (FANB) is a well-regarded private Catholic school offering French-curriculum education from primary through secondary. The British School of Monaco provides a UK-aligned education for younger students. At the primary level, Monaco operates seven state primary schools, all of which follow the French national curriculum and are free for residents. For higher education, the International University of Monaco (IUM) specialises in business, luxury management, and finance, attracting students from around the world. Many families also access the excellent international schools in nearby Nice and Sophia Antipolis.

Day-to-day life in Monaco is remarkably convenient. For groceries, residents have several options: the Carrefour in Fontvieille is the largest supermarket, Marché U in La Condamine is well-stocked for everyday needs, and the Place d’Armes daily market offers fresh produce, flowers, cheese, and local specialities every morning except Monday. There are also numerous high-end delicatessens and speciality food shops throughout the Principality. Monaco's dining scene is remarkable, with 16 Michelin-starred restaurants packed into just two square kilometres. Beyond fine dining, there is a wide selection of bistros, trattorias, sushi bars, and beach restaurants to suit every mood and budget. The Condamine Market food court is a local favourite for casual lunches. The social calendar is packed with world-famous events. The Formula 1 Grand Prix transforms the streets into a race circuit every May. The Monaco Yacht Show in September is the world's largest superyacht event. The Monte-Carlo Rally in January is one of the oldest motorsport events in existence. The Bal de la Rose, organised by the Princess of Hanover each March, is Monaco’s most glamorous charity gala. These events, along with concerts, exhibitions, and sporting occasions, ensure there is always something happening.