Adviser attacked over £262m tax avoidance scheme as court battle begins

 October 26, 2015

A financial adviser is one of the five defendants embroiled in a court battle after facing allegations of setting up a £262 million tax avoidance scheme. In a trial at Birmingham Crown Court, financial adviser Norman Leighton, chartered accountant and film producer Keith Hayley, producer Robert Bevan, Charles Savill and media consultant Cyril Megret are […]

Change in the leadership of Julius Baer’s entities in Monaco

 January 06, 2015

Effective from 6 January 2015, the leadership of Julius Baer’s entities in Monaco changes: Bruno Dumitrescu, who has led both Bank Julius Baer (Monaco) S.A.M. and Julius Baer Wealth Management (Monaco) S.A.M. since 2010, has decided to step down from his present management responsibilities to fully focus on acquiring and servicing key clients in the […]

Facebook faces suit over data allegations

 January 04, 2014

Facebook is facing a class-action lawsuit over claims the social network monitors users’ private messages to sell the data to advertisers. The plaintiffs allege Facebook systematically intercepts private messages to obtain data it shares with marketers, giving the company an advantage over other data aggregators. The suit cites independent research that it claims has found […]

AS Monaco exempted from 75% tax

 December 15, 2013

The day after being told it would have to pay France’s 75% tax on salaries exceeding one million euros, AS Monaco FC has been given a last minute reprieve by the French government. But this long-running saga of Monaco’s status in the French football league is far from over. On Thursday 12th December the National […]

Europe will become a Single Euro Payments Area

 December 13, 2013

Jean Castellini, Minister of Finance and Economy, and Philippe Ortelli, President of the Monegasque Employers’ Federation, emphasised the urgency for Monegasque businesses that have not yet done so to migrate their current means of payment to SEPA payments. Following the change from fiduciary currency (in 2002) to the Euro, Europe has reached another significant milestone […]

Warning as SEPA deadline looms

 December 13, 2013

Companies must act now to adapt their procedures to avoid confusion and disruption when the SEPA (Single Euro Payments Area) goes ‘live’ on 1st February 2014. Finance Minister Jean Castellini is heading the Monaco government’s campaign that targets small to medium businesses in particular. SEPA will allow customers to make euro payments throughout Europe as […]

From Rabbit to Tiger: Monaco Experts Academy

 December 12, 2013

Monaco Experts Academy is dedicated to people aiming to achieve their personal and business goals. Monaco Experts Academy brings together people with diverse professional and cultural backgrounds. The community of Monaco Experts Academy shares the same goal of achieving visible results. No matter how the economic situation is there are always companies who are able […]

Monaco is Assessed as being “largely compliant” at the OECD Global Forum in Jakarta

 November 22, 2013

As part of the 6th meeting of the OECD Global Forum held in Jakarta on 21 and 22 November 2013, the rating for Monaco, based on the phase 1 and phase 2 reports, was approved, as were as those for 49 other States. Following the phase 2 review, which led to a report approved in […]

Monaco property price increases lag behind London

 November 19, 2013

Knight Frank reports in its Prime Global Cities Index that the prices of luxury properties from July to September 2013 have increased by an average of 1.2 percent. To September 2013, the biggest price rises were in Jakarta – up by 27.2 percent, and in Dubai – by 21.8 percent. Among European countries, the highest […]

Not for your eyes only

 November 15, 2013

Monaco has every reason to make its GDP report for 2012 readily accessible to the public on the website of the statistics body, IMSEE. As the global economy continued to decline, down two per cent, the Principality’s gross national product grew by 0.9 per cent in 2012 (after adjustment for inflation) to 4.48 million euros, […]

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