Monaco residency by investment

It is without question that buying a second property in Monaco is one of the best investments you can make. Investing in a holiday home in Monaco is not only a profitable real estate investment but also allows residents to benefit from many interesting advantages.

In an area no bigger than New York’s Central Park, residents can enjoy a favourable tax system, political stability, safety, career opportunities, a sunny climate, and a desirable Mediterranean lifestyle. Find out more about why you should invest in a holiday home in Monaco.

8 reasons to buy a holiday home in Monaco

1. Luxury real estate

Perhaps one of the major reasons many people choose to buy a holiday home in Monaco is its luxury real estate. Monaco’s sublime properties attract wealthy individuals and investors from around the world, and their palatial and extravagant homes are nothing short of extraordinary.

If you’re looking to own a lavish property, you can choose from palatial homes, opulent villas, and luxury apartments, complete with the most sought-after amenities. While waterfront properties for sale are harder to find, many luxury properties further inland offer fantastic ocean views and great access to the Mediterranean Sea.

2. Climate

The weather in Monaco is another major reason to invest in a holiday home in Monaco. Monaco enjoys a superb climate almost all year round, with highs of 31 degrees throughout July and August and a mild 12°C in winter. That said, the heat is rarely a problem as most luxury apartments in Monaco are either a stone’s throw from the Mediterranean Sea or have their own swimming pool refreshing dip.

3. Security and safety

The Principality of Monaco is also one of the safest living environments, with very low crime rates and a very high ratio of police officers vs residents. There is approximately one police officer per 100 residents and a state-of-the-art, country-wide 24-hour video surveillance system. Most luxury residences are also backed up by a concierge who acts as a gatekeeper.

4. Health care

The health care system in Monaco is second to none, with several excellent private and public hospitals and clinics. There are also three public hospitals in a city-state of only 2.02 square kilometres, including the Princess Grace Hospital Centre (CHPG), a highly rated state-run hospital and the only one in Monaco that offers emergency and general care.

Residents of a holiday home in Monaco can also get reimbursed for up to 80% to 100% of their medical and healthcare costs.

5. Culture

The Principality plays host to an impressive roster of cultural events. Boasting its philharmonic orchestra, opera and an award-winning cultural centre, the Grimaldi Forum, those in search of some cultural events will not be disappointed. It is also home to the world-renowned Formula One Grand Prix, the Longines Global Champions Tour and the Rolex Monte Carlo Tennis Open.

6. Business

Monaco is one of the best countries to set up and run a business in, as you are ideally situated to travel to most European cities. The Principality is just 30 minutes drive from Nice Côte d’Azur Airport, France’s second largest airport and a hub for International flights.

In addition, just 22% of the population is Monegasque, the rest of a cosmopolitan mix of

European identities, American, Australian, African, Russian, and Middle Eastern citizens. Because of this, the residents of a holiday home in Monaco are provided with great networking and international connections. Residents also do not need to pay capital gains and net wealth taxes.

Monaco is also a superb destination for both a business trip and a family holiday. In fact, while businessmen head to work in the principality, the rest of the family can enjoy some luxury shopping, a trip to Larvotto beach or learning to sail at the Monaco Yacht Club. 

7. Location

Monaco’s location is one of the most conveniently located in the world. On one side of Monaco, Nice, Cannes, and Saint Tropez are among France’s most sought-after destinations. On the other side, just beyond the Italian border, are the beautiful Italian towns such as Bordighera, Sanremo and Portofino.

While in summer, residents of a holiday home in Monaco can enjoy life on one of the most desirable coastlines in the world, in winter, the Principality makes an excellent base for skiing and other winter sports in the ski resorts of the southern Alps, which are located just a little more than an hour away.

8. Gastronomy

When you own a Monaco residency by investment, you will be granted immediate access to Monaco’s finest gastronomic establishments, as well as the rest of the French Riviera. Traditional Monegasque cuisine is influenced by French culture, and its main recipes are based on fresh vegetables, rice and seafood.

That said, there is no shortage of exceptional global dining experiences to enjoy, including Maya bay, serving up Thai cuisine, Yoshi, which serves up Japanese and Le Blue Bay, which seamlessly combines the flavours of Martinique and the Mediterranean.

If you are thinking about buying a holiday home in Monaco. Contact a trusted Monaco real estate agent and experience the finer things in life.