Monaco relies on extraordinary
For just a few months, a magnificent white building resembling a transatlantic liner will excite the curiosity of the inhabitants and guests of Monaco. The new entertainment complex Ni Box,…

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Monaco - Millionaire Reserve
Monegasques (as the locals call themselves) manage from time to time to solve their "housing problem" without declaring war on neighboring France. Land is taken from the sea, filling new…

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Albert's active life
In 1988, Prince Albert was appointed President of the Organizing Committee of the Monte Carlo Television Festival, held annually in the Principality in February, to which hundreds of television experts…

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entrepreneurs

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

Older sister (part 2)
After the death of her husband, the princess closed up: she almost abandoned onerous secular duties and spent most of her time with her children in her village estate in…

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Three days in Monaco (part 1)
A helicopter came in from the sea to land, and a young gentleman in glasses with red glasses and a light suitcase made of red leather shouted into my ear,…

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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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