Monaco Residency: 0% Tax and Perfect Life?
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- čas přidán 27. 08. 2024
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This video is about Monaco and Monaco residency for wealthy individuals.
DISCLAIMER: This video is not tax and/or financial and/or investment advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.
The question is how to become the ultra high net worth individual
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Flat tax in Italy or Switzerland makes a lot more sense
You could live in Monaco, have a small vineyard in the south of France, and ski the Alpes. That would be pretty sick
And u can also go snow skiing ⛷️ in the Italian Alps if u wanted to do so ?? 😀😀
As always, perfectly explained, very clear and thorough information, easily understandable 👏
Can you do a review on San Marino in Italy. I believe they have opened up a residency program.
Yes good one!
@@WealthyExpatbro your video is super interesting but I think if you are an EU citizen, there's no waiting list. I searched online but there's no info about this 3 year waiting list that you mentioned. R u sure this applies to EU citizens or is it only for Australians etc?
@@WealthyExpatis an African citizenship worth it
I'd like to add useful and hard to find infos for french citizens about Monaco.
If a french child lived in Monaco since his/her birth he/she doesn't owe the income tax to France once he becomes adult, BUT... will lose that exemption if he/she moves his/her tax-residency somewhere else, even if it followed their parents during childhood.
To avoid France's traps, the best combo for wealthy french citizens (especially muslims) is to combine both advantages of the best cities in the world
🇦🇪 Dubai from September to May (winter) : get the 90-day tax-residency and establish your companies in Dubai even if it's for a real estate project in Europe, it should be done under a Dubai-based company with a bank accounts in Monaco or even better Switzerland
🇲🇨 Monaco from May to September (summer) : in Monaco and be based there in from May to September to avoid Dubai's hot summer
By chosing Monaco instead of France it would fall under the rule of the UAE-Monaco tax agreement and if your business assets companies etc... are located in Dubai, Monaco doesn't consider you tax resident even if you spend more than 6 months in Monaco, and remember that as a french, you don't want to be considered as tax-resident in Monaco, because the art.7 of the Monaco-France tax agreement, that makes you pay taxes to France. Another reason to drop France definitely is from the Dubai tax-residency perspective.
The art.19 section 2 of the France-UAE tax agreement says that "if a person established in the United Arab Emirates has kept any form of taxable asset domiciled in France (like a property) all of his revenues are taxable in France notwithstanding any other provision of that tax agreement".
Of course the best solutions remains to get another EU citizenship to renounce the french citizenship and be free to establish freely anywhere
Thanks for sharing - this is great insight!
Merci beaucoup. Tu as un contact pour des lawyer à mettre en place Dubai/Monaco pour un FR expat ? Intéressé.
@@donelmediterraneo8626 T’es un boss! Merci
That's wrong , 90 tax residency is only for local purposes . It's not recognized .
@@taaest-xek it’s indeed 185 days.
Hola Rafael! As a Non US Person I'm considering moving to St. Maarten. Is the island of St. Maarten Tax Free? I mean do they tax you on your worldwide personal income? Or Do they have a territorial tax system like Paraguay? There is no info about it, and the few available is contradictory. Can you comment on this? Thank you
*Bahrain will be the more open minded Dubai its a growing market everyone about to get in on it*
It has always been that way just a few people know about it
thanks, *but if you go for A few hours into france as A Resident in Monaco, does that count as the time you spend outside the country?*
Thanks for your content; what about Liechtenstein, please?
depressing, cold, medieval looking, grey sky, expensive, dead vibes, dark, empty, country, avoid
I see that ominous Nestle box on the countertop.
excellent....speak to you soon for sure.....thanks
If you buy a property in Monaco you became Monaco tax recident ? or you need to get recidency to became tax recident ?
There is no waitlist for residents in Monaco
Monaco' vs Cayman Island
Bro you always speak to wealthy investors 0:01 🤭 - What about people who made a few 100K? 🤔
can you do a video on andorra please
A little apartment for 10k a month 😂😂😂😂😂
😂😂😂 i can buy a whole villa with swimming pool with 30k in my home country, peaceful, secure, warm weather 😂😂😂😂😂
@@jayceontalylor4244in a top tier city or second rate city?
10K a month might get you a 1 bedroom studio in Monaco. It’s a big boys playground. None of that Dubai fakery
Monaco?
Full of professional ladies. Almost as bad as Dubai
*a*
WHILE I WAS LIVING IN PARIS FRANCE WE USED TO SPEND TIME IN MONACO. IT'SSAFE BUT SOOOO BORING.
Thanks for this, btw those transitions are annoying
a a
I’m French :(
Read my other comment
Lis mon autre commentaire écrit plus tôt
$10k Euors per month? Nah fam! haha!
Bro that’s the minimum. They cost like 10k/mo per bedroom.
Brokie
How horrible you have to live there more than 6 months before you can get citizenship.
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