Summary:
Ultra high net worth individuals are considering Monaco as a post-‘non-dom’ era living destination.
Full Story:
Many ultra high net worth individuals are considering Monaco as a new destination for living, following the UK government’s decision to scrap the ‘non-dom’ tax status. This move has prompted affluent individuals to explore financially favorable alternatives, including Dubai and Monaco. The term ‘non-dom’ refers to a UK resident whose permanent home, or domicile, is located outside of the country. Monaco has emerged as an attractive option due to its advantageous tax system and luxurious lifestyle. The principality offers a range of amenities, including top-tier schools, exclusive real estate, and a thriving international community. With its picturesque location on the French Riviera, Monaco continues to attract individuals seeking a high standard of living within a favorable tax environment.
Source:
news.mc
