You’ve made it. You have sold your company, or you made a stock profit, maybe you won the U.S Open or on the Lotto. Life just went from good to great. You pause for a second, giving yourself time to grasp the moment and contemplate the peculiarities that led you to this point.
As time progresses you grow tired of different entities wanting to great a piece from your cake and the thought of moving to someplace less greedy gets less foreign by the day.
One of the worlds most important races, the Monaco Grand Prix has been held anually since 1929.
Monaco is something out a fairy tale, a tiny playground for the filthy rich, free of taxes and funded by its own casinos. But why is this and why should you bring your money here?
My favourite hotel in Monaco, The Hermitage
Monaco is the second smallest and most densely populated country in the world. It also sports the highest life expectancy and lowest unemployment rate. Citizens of Monaco are called Monegasques and since 1870 they enjoy a tax free existence. Originally funded by solely Gambling, Monaco has sought to diversify its economy. Today tourism is the major income of Monaco with gambling only representing 5 percent.
Monaco resident Lewis Hamilton takes his McLaren for a spin in the city.
The Formula 1 race driver David Coulthard told The Daily Mail: “I’ve probably saved tens of millions of pounds by living here, and my quality of life has been fantastic”.
Jacques-Yves Cousteau was a director for many years at the Oceanographic Museum in Monaco.
What’s unknown to most be the fact that Monegasques are not allowed to gamble in Monaco. The Monegasque government holds the somewhat praiseworthy view that it should not exploit its own citizens. Furthermore, to the extent that the purpose of the casino is to attract wealth into Monaco, clearly there is no point in having residents gamble there.
Having no airport itself, the closest one is Cote d’Azur airport located in Nice. However the heliport of Monaco is heavily trafficated with an interval of 20 minutes between take-offs and landing.
Prince Albert II de Monaco
The current Monarch, Prince Albert II descends from the House of Grimaldi, which has ruled Monaco since 1297.
Monaco consists out of 10 wards, with the by far most famous being Monte Carlo. 32,000 registered citizens with only 6000 holding Monegasque passports, the rest of international heritage.
Inside the Opéra de Monte Carlo.
Monaco is free from graffiti and Monegasques tend to leave their homes and cars unlocked and to the great delight of many super stars paparazzi’s, has since long been banned from doing unofficial work in Monaco.
There’s laws adressing dresscodes (yes, really) and there’s CCTV:s on EVERY street corner, not to mention the incredible ratio of one police officer to every 72:nd resident.
Every vehicle that enters Monaco has their license plate photographed and is checked against the central criminal intelligence computer.
Monaco houses around 2000 millionaires and 50 billionaires. To which group will they count you? Pick up a resident in our shop and embark on your journey to Paradise.
Author: Olle Elander Wistén