December 30, 2018
Buying a residence in Monaco is not only a profitable real estate investment, but it also allows residents to benefit from many interesting advantages, according to Dotta Real Estate, one of the oldest and most prestigious real estate agencies in Monaco.
First of all, luxury buildings in Monaco are legendary. An investment in real estate in Monaco will always thrive (as it does more and more each year) because, despite the finesse of its architects, the country’s size remains small at 2.02 km2 and properties are limited. The Principality attracts a wealthy clientele in search of a life of luxury with an assurance of security. The ports in the Hercule and Fontvieille districts are among the most desirable on the French Riviera and welcome the most beautiful yachts.
Next, there is the dreamy quality of life found on the “Rock.” The climate is mild year-round, offering boundless sunshine and a dazzling panorama of the sea. The atmosphere of the Principality of Monaco harmonizes with the seasons, as well as its cycle of sporting and cultural events like the Formula 1 Grand Prix, Philharmonic Orchestra, and the Monte-Carlo Ballet Company. A place of valued heritage, there’s no shortage of historic sites and palaces - including the Palais Princier - casinos, gardens, and parks that serve as the city’s emblems and are kept in mint condition. Born and bred sports enthusiasts, the Monegasques have also have access to many facilities to ensure a life rich in leisure.
On another note, in a world subject to political and ideological conflicts, the Principality’s neutrality and independence are undeniable assets. The security of Monaco is revered around the world, with more than 1 policeman for every 100 inhabitants and a highly sophisticated surveillance system that not only monitors the streets but also the entrances to buildings all over the city. More importantly, the Monegasques feel at ease knowing that access to the city can be shut down in a matter of minutes, even for the smallest offenses. Peace of mind assured.
Finally, Monaco is known for its attractive tax policies, but above all, it’s a global business center. One specificity is that the country does not impose a tax on income, however, it does tax profit. Moreover, the economy benefits from bilateral agreements with all European countries. The banking sector is dynamic and perfectly meets the expectations of foreign-national residents to manage their assets.
For non-residents, it is possible to buy property in Monaco in the case of medium-term stays. Many potential investors, including the French, consider this route to find an exemption from inheritance laws.
Whether you are looking for a luxury villa, a high-end apartment with a terrace and sea view, or even a chic little pied-a-terre, the specialist team at Dotta Real Estate offers its services to assist you through each stage of your real estate investment projects.
Contact Dotta Real Estate for your real estate project to buy, sell or rent in Monaco.