About the tax-free system and the construction boom
For the first time, the principality seriously thought about the possibility of a financial catastrophe in the twenties, when the decline of the gaming industry sharply reduced the income of…

Continue reading →

Monaco Hotels
Wealth and diversity are two characteristic features of the hotel sector of the principality. Old palaces are witnesses of a magnificent past and incomparable luxury. Speaking as a symbol of…

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Rest for socialites
The quintessence of civilization. If you give each country the tourist characteristics of “one line”, then Monaco is a respectable vacation of a secular type. In the principality there are…

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financiers

About the tax-free system and the construction boom

For the first time, the principality seriously thought about the possibility of a financial catastrophe in the twenties, when the decline of the gaming industry sharply reduced the income of the dwarf state.

Jules Richard – as it turned out, a connoisseur of the local economy – willingly undertook to talk about how the principality managed to get out of a difficult situation.

We sat at the table of a small cafe on the promenade of Monte Carlo. My interlocutor sipped a beer from a tall glass and began like this:

– The prescription drug was found in a law containing two articles: the first one said that Monegasques living in France are subject to the tax system of France, not Monaco; the second article said that the French living in Monaco are subject to the laws of taxation of the principality and do not pay taxes to France. Continue reading

Monte Carlo Country Club
In April 1892, Prince Charles III adopted the project for the construction of earthen tennis courts proposed by Count Bertor. Arriving in the principality in 1863, accompanied by Francois Blanc,…

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Rolls-Royce Land (part 3)
They collected everything from painting to nautical charts, from historical archives to skeletons of extinct animals. Prince Rainier III is a passionate lover of antique cars: his collection of more…

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Three days in Monaco (part 3)
However, Mireillea is married, and if that gentleman ever finds his Monegasque, he himself will not become a happy taxpayer anyway. Only his children will be recognized as full citizens…

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