Taxation and inheritance in Monaco

Particularly advantageous personal taxation

No income tax for individuals resident in Monaco (except under certain conditions for French nationals - see below).
No real estate wealth tax (IFI), or wealth tax at all.
No property tax or council tax.
No social security contributions on capital income for residents.

Special features for French nationals:
French nationals domiciled in Monaco are still subject to income tax in France (unless they settled here before 1989).
However, they benefit from inheritance and estate protection specific to Monaco, which is often more favorable than French common law.

A flexible succession plan

No inheritance tax between parents and children, or between spouses.
Moderate rates for other heirs (brothers/sisters, nephews/nieces, etc.).
The Principality does not apply the “reserve héréditaire” principle in the same way as in France, allowing greater freedom in the organization of inheritance planning.Monaco recognizes highly effective legal tools for wealth planning (foreign trusts, corporate structures, etc.).Here's an example.