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Major challenges in Monaco: Divorce

The Principality of Monaco

There are three times more marriage ceremonies than divorces in Monaco; however, the Principality has approximately 60-90 divorce cases each year. You can divorce under the legislation of the Principality of Monaco in the very first days that you have received your residence permit, however it is good to consider that Monaco does not offer…

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Major challenges in Monaco: Inheritance and Donations

The Principality of Monaco

It is exceptional how the Principality handles the question about heritage, and the focus placed on your children. For each family, the question of inheritance is highly important; therefore, it is important to have a good understanding on this topic. Many people believe that since the Principality of Monaco offers zero personal income tax, it…

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Challenges for Monaco established businesses in 2020

Being the 2nd smallest country of the World (situated just behind Vatican City), Monaco has to be, by definition, looking towards the outside, the international in order to survive and blossom. Hence, for example, the 139 nationalities represented in the Principality of Monaco. Being very international oriented makes Monaco and its entrepreneurs very sensitive to…

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Major challenges in Monaco: Marriage

The Principality of Monaco

Even if Monaco does not have the typical wedding tourism as seen in other countries, its location provides exclusivity for the special moment. The Principality celebrates approximately 200 weddings each year, and interestingly, less than ten marriages on average between exclusively Monégasque citizens. Marrying in the Principality can make couples feel that they are royalty.…

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Major challenges in Monaco: Prenuptial agreement

The Principality of Monaco

A marriage contract is almost a preference (requirement) when you open a bank account in Monaco. The Principality highly respects your privacy, and the last thing the bank wants to do is to be in the middle of an international financial settlement fight, where they might be legally forced to disclose the assets of their…

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A Monaco based Designer’s Guide to Shopping Online

Mila Ihander

Monaco-based haute-couture designer Mila Ihander shares her top 5 checklist items for ordering dresses online. To avoid mistakes of ill-fitting pieces, colour disappointments and committing a fashion faux pas, read through Mila’s checklist below to order the ultimate outfit. 1. Examine your figure Measure your chest, waist and hips with a measuring tape. Look at…

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Monaco: the icon of ‘luxury’ and its added value

Chinese-weekly-Zsolt-Szemerszky

Monaco Wealth Management founder Zsolt Szemerszky was interviewed by the Chinese Weekly Magazine. The Chinese Weekly is a leading Chinese magazine targeting globally-minded Chinese readers around the world. The cover story of their current issue is about the Principality of Monaco and they feature story about the society of Monaco. Given Zsolt’s experience and expertise,…

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Major challenges in Monaco: Business Acquisition . Part II: Exceptions and the 10-years principle

The Principality of Monaco

Last month we published an article about “Major challenges in Monaco: Business Acquisition“. The topic generated a major interest and we decided to ask our trusted business advisory partner, VK*P business advisors to ensure us their unparalleled, professional inputs on the topic. The fonders of VK*P business advisors have over 3,000 people informed and guided on business and…

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Major challenges in Monaco: 6 Months in a Year

The Principality of Monaco

If you are considering Monaco residency for taxation reasons, you will need to prove without doubt that you live at least 6 months in a year inside the borders of the Principality; otherwise, you will lose your tax benefits. As with any relocation to a new country, there are always challenges to overcome, whether it…

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