Moving to Monaco is sometimes not all about Taxation

 August 19, 2018

Monaco has been in the limelight as of late with the news that UK Billionaire Sir Jim Ratcliffe is looking at relocating to Monaco. Many wealthy individuals and families around the world look to relocate to Monaco for various reasons, and what we often read in the press is the negativity and focus placed on […]

Waste clearance tycoon sues Monaco Yacht Show

 August 13, 2018

Waste clearance tycoon Ian Malouf is suing the organisers of the Monaco Yacht Show for allegedly barring him from the industry’s biggest networking event. Yacht broker Malouf – who made his fortune through his industrial waste firm Dial A Dump – paid around £45,000 for a berth for his £22million super-yacht Mischief at the 2018 […]

Lloyd’s superyacht insurance shakeup underway

 August 12, 2018

Reports suggest between five and seven Lloyd’s syndicates have already dropped out of the yacht insurance market. Further consolidation expected… Earlier this year, Lloyd’s of London, the specialist insurance market, issued a warning to a number of its marine syndicates, including those that underwrite superyacht businesses. The warning gave loss-making marine syndicates three months to […]

Bitcoin price LIVE: BTC in danger of dropping to $4,000 – Is this the end of bitcoin?

 August 11, 2018

BITCOIN enters the weekend suffering more heavy losses, with the digital token losing more than $1,000 in just one week. Here are the latest news and live updates. “A week of dreadful losses sees bitcoin prices tumble down close to $6,000 a coin, as investors struggle to rally.” – reports in their rolling coverage. Bitcoin […]

Financial report – HSBC PRIVATE BANK (MONACO) S.A.

 August 11, 2018

The latest financial report of HSBC PRIVATE BANK (MONACO) S.A. is available to download for our corporate members. HSBC PRIVATE BANK (MONACO) S.A. is located at 17, avenue d’Ostende, Monaco. Share capital: 151.001.000 Euro Balance sheet (2017): 911.671.544 Euro Balance sheet (2016): 3.626.258.015 Euro Download the full report: Financial report – HSBC PRIVATE BANK (MONACO) S.A. (2017)  

Recently formed or closed companies in Monaco

 August 11, 2018

The Principality offers multiple business formation possibilities from the one person sole-trader to a multi million Euro worth company. Operating a business in the Principality of Monaco always involved extraordinary benefits and clear reasons, motivations. As we see it the top three reasons are Flexibility, Added values and of course Taxation. However it is highly […]

Financial report – EFG Bank (Monaco)

 August 10, 2018

The latest financial report of EFG Bank (Monaco) SAM is available to download for our corporate members. EFG Bank (Monaco) SAM is located at 15, avenue d’Ostende, Monaco. Share capital: 47.152.000 Euro Balance sheet (2017): 2.622.961.000 Euro Balance sheet (2016): 2.006.656.000 Euro Download the full report: Financial report – EFG Bank (Monaco) 2017  

Tyrus Capital hit hard by half-a-billion dollar bet on NXP Semiconductors

 August 10, 2018

“Monaco hedge fund bore significant losses from investment in Dutch chipmaker.” – reports Financial Times The Monaco based Tyrus Capital and its hedge fund made a highly significant loss when Tyrus Capital, headed by Tony Chedraoui invested into NXP Semiconductors. “a half-a-billion dollar bet that went very wrong.” – reports the Financial Times The Financial Times recalls when last […]

Monaco Appoints Sylvie Petit-Leclair as the New Procureur General

 August 10, 2018

“Monaco Appoints Sylvie Petit-Leclair as the New Procureur General”. -reports When court cases go to the highest level it needs a very specialized skill to act on behalf of the Government’s prosecution service, overseen by the Ministry of Justice. The cases are almost by definition complex and it requires being adept at dealing with […]

Barclays Wealth Asset Management decided to change its name

 August 05, 2018

Barclays Wealth Asset Management (Monaco) is continues its activity as Barclays Private Asset Management (Monaco). On July 26, 2018, the Ministry authorised the modification of the status of Barclays Wealth Asset Management (Monaco). Barclays’ shareholder held a meeting on May 14, 2018 and decided to change the name of the company. As Barclays states: “Barclays is committed to meeting the […]

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