Monaco Residency: 0% Tax and Perfect Life?

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Wealthy Expat

Wealthy Expat

2 ай бұрын

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This video is about Monaco and Monaco residency for wealthy individuals.
DISCLAIMER: This video is not tax and/or financial and/or investment advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.

Пікірлер: 55
@fcuknato
@fcuknato 2 ай бұрын
The question is how to become the ultra high net worth individual
@slikyiky1340
@slikyiky1340 2 ай бұрын
crypto my friend......research deep as deep as your mind will allow......once in a lifetime opportunity.....the new quantum finacial system is upon....there is no 2nd chance for this in your lifetime..... the world debt is beyond repayment.....
@jayceontalylor4244
@jayceontalylor4244 2 ай бұрын
@@slikyiky1340 isn't crypto some kind of lottery and luck ?
@beca8898
@beca8898 2 ай бұрын
Agree. Free yourself from the matrix. Build a business and invest profits
@MuscularMan008
@MuscularMan008 2 ай бұрын
@@slikyiky1340 Which margin is best for long term holding, Isolated margin OR cross margin?
@Fenris__
@Fenris__ 2 ай бұрын
build a business
@Aer0xander
@Aer0xander 2 ай бұрын
Flat tax in Italy or Switzerland makes a lot more sense
@ricardodaros6
@ricardodaros6 2 ай бұрын
As always, perfectly explained, very clear and thorough information, easily understandable 👏
@nafnaf0
@nafnaf0 25 күн бұрын
You could live in Monaco, have a small vineyard in the south of France, and ski the Alpes. That would be pretty sick
@PascalDosztoivsky
@PascalDosztoivsky Сағат бұрын
And u can also go snow skiing ⛷️ in the Italian Alps if u wanted to do so ?? 😀😀
@slikyiky1340
@slikyiky1340 2 ай бұрын
excellent....speak to you soon for sure.....thanks
@donelmediterraneo8626
@donelmediterraneo8626 2 ай бұрын
I'd like to add useful and hard to find infos for french citizens about Monaco. If a french child lived in Monaco since his/her birth he/she doesn't owe the income tax to France once he becomes adult, BUT... will lose that exemption if he/she moves his/her tax-residency somewhere else, even if it followed their parents during childhood. To avoid France's traps, the best combo for wealthy french citizens (especially muslims) is to combine both advantages of the best cities in the world 🇦🇪 Dubai from September to May (winter) : get the 90-day tax-residency and establish your companies in Dubai even if it's for a real estate project in Europe, it should be done under a Dubai-based company with a bank accounts in Monaco or even better Switzerland 🇲🇨 Monaco from May to September (summer) : in Monaco and be based there in from May to September to avoid Dubai's hot summer By chosing Monaco instead of France it would fall under the rule of the UAE-Monaco tax agreement and if your business assets companies etc... are located in Dubai, Monaco doesn't consider you tax resident even if you spend more than 6 months in Monaco, and remember that as a french, you don't want to be considered as tax-resident in Monaco, because the art.7 of the Monaco-France tax agreement, that makes you pay taxes to France. Another reason to drop France definitely is from the Dubai tax-residency perspective. The art.19 section 2 of the France-UAE tax agreement says that "if a person established in the United Arab Emirates has kept any form of taxable asset domiciled in France (like a property) all of his revenues are taxable in France notwithstanding any other provision of that tax agreement". Of course the best solutions remains to get another EU citizenship to renounce the french citizenship and be free to establish freely anywhere
@ryanherche
@ryanherche Ай бұрын
Thanks for sharing - this is great insight!
@TheClemt33
@TheClemt33 2 күн бұрын
Merci beaucoup. Tu as un contact pour des lawyer à mettre en place Dubai/Monaco pour un FR expat ? Intéressé.
@peterhewer8475
@peterhewer8475 2 ай бұрын
Can you do a review on San Marino in Italy. I believe they have opened up a residency program.
@WealthyExpat
@WealthyExpat 2 ай бұрын
Yes good one!
@MrAthenian89
@MrAthenian89 2 ай бұрын
​@@WealthyExpatbro your video is super interesting but I think if you are an EU citizen, there's no waiting list. I searched online but there's no info about this 3 year waiting list that you mentioned. R u sure this applies to EU citizens or is it only for Australians etc?
@Eman-jj9zl
@Eman-jj9zl 2 ай бұрын
​@@WealthyExpatis an African citizenship worth it
@soundsofnature0205
@soundsofnature0205 2 ай бұрын
Thanks for your content; what about Liechtenstein, please?
@jayceontalylor4244
@jayceontalylor4244 2 ай бұрын
depressing, cold, medieval looking, grey sky, expensive, dead vibes, dark, empty, country, avoid
@monsieurminimal6277
@monsieurminimal6277 Ай бұрын
Hola Rafael! As a Non US Person I'm considering moving to St. Maarten. Is the island of St. Maarten Tax Free? I mean do they tax you on your worldwide personal income? Or Do they have a territorial tax system like Paraguay? There is no info about it, and the few available is contradictory. Can you comment on this? Thank you
@bradbeckett
@bradbeckett 2 ай бұрын
I see that ominous Nestle box on the countertop.
@GROWTH-Investing
@GROWTH-Investing 12 күн бұрын
There is no waitlist for residents in Monaco
@noslavementalitynosellout6174
@noslavementalitynosellout6174 2 ай бұрын
*Bahrain will be the more open minded Dubai its a growing market everyone about to get in on it*
@manuelmanuel3968
@manuelmanuel3968 Ай бұрын
It has always been that way just a few people know about it
@nikolas00t
@nikolas00t 2 ай бұрын
If you buy a property in Monaco you became Monaco tax recident ? or you need to get recidency to became tax recident ?
@rendezyt
@rendezyt Ай бұрын
can you do a video on andorra please
@johnsimeon8080
@johnsimeon8080 2 ай бұрын
Monaco' vs Cayman Island
@henrik4438
@henrik4438 2 ай бұрын
Monaco? Full of professional ladies. Almost as bad as Dubai
@djzrobzombie2813
@djzrobzombie2813 2 ай бұрын
A little apartment for 10k a month 😂😂😂😂😂
@jayceontalylor4244
@jayceontalylor4244 2 ай бұрын
😂😂😂 i can buy a whole villa with swimming pool with 30k in my home country, peaceful, secure, warm weather 😂😂😂😂😂
@quartermaster1976
@quartermaster1976 2 ай бұрын
​@@jayceontalylor4244in a top tier city or second rate city?
@Lucas-wv6wf
@Lucas-wv6wf Ай бұрын
10K a month might get you a 1 bedroom studio in Monaco. It’s a big boys playground. None of that Dubai fakery
@BS89.
@BS89. 2 ай бұрын
Bro you always speak to wealthy investors 0:01 🤭 - What about people who made a few 100K? 🤔
@JulienCohenMusic
@JulienCohenMusic 2 ай бұрын
I’m French :(
@donelmediterraneo8626
@donelmediterraneo8626 2 ай бұрын
Read my other comment Lis mon autre commentaire écrit plus tôt
@kibwengoientombe5556
@kibwengoientombe5556 2 ай бұрын
WHILE I WAS LIVING IN PARIS FRANCE WE USED TO SPEND TIME IN MONACO. IT'SSAFE BUT SOOOO BORING.
@rawadventures9597
@rawadventures9597 2 ай бұрын
Thanks for this, btw those transitions are annoying
@TheRonellCross
@TheRonellCross 2 ай бұрын
$10k Euors per month? Nah fam! haha!
@quantumsystems9382
@quantumsystems9382 2 ай бұрын
Bro that’s the minimum. They cost like 10k/mo per bedroom.
@deSechelles
@deSechelles Ай бұрын
Brokie
@rockhenaten
@rockhenaten Ай бұрын
Man you hate poor people
@Larsbor
@Larsbor Ай бұрын
How horrible you have to live there more than 6 months before you can get citizenship.
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