Living in Monaco: all the advantages of the Principality

Monaco & Monte-Carlo: Two simple words that still evoke a myth or dream and prestige... Monaco's exceptional location on the legendary Riviera, between sea and mountains, its parks, its high society and exceptional events make it the ideal destination for a romantic vacation... or for an entire lifetime. An independent state in the heart of Europe, the Principality of Monaco offers both investors and entrepreneurs an exceptional and secure infrastructure combined with the advantages of an attractive fiscal system for real estate investment in Monaco.

Monaco in figures: demography, education and amenities

Based on the latest official figures, there are approx. 40.000 inhabitants in the Principality of Monaco of which approx. 10.000 are Monegasque. Monaco residents from all over the world can place their children in a wide variety of schools which are either a part of, or affiliated with, the Ministry of Education. The curriculum and the diplomas obtained are the same as in France. Already in elementary school, pupils are taught not only English and French, but also "Munegu", the traditional local language, as well as the history of Monaco. The high school graduation rate (the passing of the French National Baccalauréat exam) is close to 99%.

Monaco's excellent infrastructure connects the Principality to all the main European capitals which can be reached in less than 2 hours. The same infrastructure allows the many local financial institutions to respond to the demands of a most exacting international clientele. This combination of excellent infrastructure, high quality of living and advantageous tax regime make Monaco the internationally sought after place it is and has always been.

 
^{Quartier de la Condamine - Crédit: Monte-Carlo Sotheby's International Realty}

Is Monaco safe?

Monaco is one of the safest places on earth. One policeman for every 80 residents, 24-hour video surveillance of the entire Principality, a transmission system worthy of the best armies in the world, the possibility of blocking all access in and out of the Principality in several minutes as well as surveillance teams inside the Casino of Monte-Carlo Carlo and in all of the gambling establishments and hotels make Monaco's security second to none.

The Monaco police department is managed by a highly placed member of the French Police Force and the police department is amongst the most modern and efficient in Europe. The rule imposed by the late Prince Rainier III was simple: "Monaco must have total security". The instructions given to the 520 police officers trained intensively for almost 2 years are of the strictest. The result is an incredibly low crime rate, the dream of any Interior Minister. As one jeweller in Monaco once so pointedly put it: "In Monaco, jewels are made to be worn, even on the street, and not to be left in a safety deposit box!". All these reasons encourage lots of clients to invest in real estate in Monaco.

 
^{Fontvieille                                                                                            Le Casino de Monte-Carlo
Crédit: Monte-Carlo Sotheby's International Realty}

Hospitals and healthcare in Monaco

The government of the Principality of Monaco attaches a great deal of importance to the quality of its health facilities, of which 3 main famous facilities:
- The Princess Grace Hospital Hospital is equipped with the latest generation of medical material (scanner, IRM, Radiology,...). The Monaco Government expects the end of the construction of the new hospital around 2023. It will accommodate patients in a modern, efficient and pleasant setting. The CHPG created a unique offer to preserve the health of its patients, the « Monaco Princess Grace Check Up Unit ».
- The Cardio-Thoracic Center, created in 1987, treats all manner of thoracic and cardiac pathologies.
- The IMSS (Monegasque Institute of Sports Medicine) dedicated to medicine and osteo-articular surgery, consulted by all international sportsmen.

 
^{Crédit: Vinci}

Culture and Events in Monaco

Independent country of approx. 2 sq.km, Monaco proposes all year long numerous cultural events and promotes the development of the Arts in the Principality. Culture benefits from 5% of the State budget devoted to developing a high-quality artistic programme and supporting artists. Among the mains cultural and artistic events are:
- The Printemps des Arts, under the high patronage of H.R.H. Princess Caroline de Hanovre ,
- All shows of the Ballets of Monte-Carlo,
- Concerts of the Orchestre Philarmonique de Monaco and the Opera,
- Numerous artists performing during different public events,
- Artists exhibitions and private collections,
- There are several theaters, including the Opéra Garnier, the Théâtre Princesse Grace, the Grimaldi Forum, la Salle des Variétés…
- Sotheby’s Auction which has an office in Monaco as other Auctions houses.

Sport has also an important place in the Principality with :
- The famous Formula 1 Grand Prix that takes place in the whole Principality with one of the last remaining FIA tracks in town,
- The ASM Football Club which receive international teams for the National League, Europa League and UEFA Champions League in the Stade Louis II,
- The Roca Team which stands on the Basket Ball National higher ranks each year,
- The Monte-Carlo Rolex Master that has become a main step of the ATP,
- The Jumping which takes place on the Port Hercule in June each year,
- Professional and amateur regattas are organized all year long by the Monaco Yacht Club,
- The Principality is also represented at the Olympic games each year.

 
^{Crédit: ASM Monaco}

An Ecologic Conscience

The Principality and its Government are committed to transmitting a strong ecological conscience to future generations. Students in the Principality are made aware from an early age and the Principality's projects go hand in hand with this ecological awareness, particularly in terms of the fight against climate change and the country's energy security. Strong objectives have been set for reducing greenhouse gas emissions, improving energy efficiency by 20% in private and public buildings, consuming 20% of final energy from renewable energy sources and maintaining stable peak power consumption.

These ambitious objectives aim to achieve carbon neutrality by 2050 and reduce its emissions by more than 50% by 2030. In Monaco, waste that can be recovered for energy is transferred to the Fontvieille Station, where starts the process to recover as energy: electricity, hot and cold.

Monte-Carlo Sotheby’s International Realty supports you in your project to invest in luxury real estate in Monaco.