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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Court of Honor
The Honorary Courtyard is considered the former central part of the 13th century fortress. He took on his true architectural appearance during the reign of Honor II. His successor, Prince…

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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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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

Formula 1. Grand Prix of Monaco
April 14, 1929, at 13 hours 30 minutes under the High patronage of His Serene Highness Prince Louis II, Prince Pierre opened the first Grand Prix of Monaco. 16 riders…

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Court of Honor
The Honorary Courtyard is considered the former central part of the 13th century fortress. He took on his true architectural appearance during the reign of Honor II. His successor, Prince…

...

Court of Honor
The Honorary Courtyard is considered the former central part of the 13th century fortress. He took on his true architectural appearance during the reign of Honor II. His successor, Prince…

...