The Principality of Monaco, the world’s second smallest country, promotes an international economic environment with an open economy that welcomes foreign investment. Monaco Consulate quotes: "Not only does Monaco offer a high standard of living but an atmosphere conducive to work. it has thus become a hub for business development in the Mediterranean".
Monaco hosts more than 100 industries, a multitude of international banks and financial management and investment firms. There are companies engaged in global trade and shipping, and some of the world’s most creative researchers in high technology fields, biotechnology and environmental industries.
Many businesses in Monaco are currently owned by foreign investors, these dynamic, internationally oriented CEOs have invested in hotels, luxury boutiques, retail, bars, restaurants, night clubs, yachting companies, event agencies, renovation companies, art galleries, jewellry, antique shops, exclusive car shops, and even the major shareholder in the Monaco football club is not Monegasque. Furthermore, there are the numerous opportunities to invest in real estate in Monaco. Either to rent out apartments in order to create a comfortable rentability, but also buying apartments for the purpose of renovating and then selling it is more and more profitable.
Rosengart Luxury Real Estate is involved with all major actors of Monaco’s business development and can offer clients an insight into future projects and developments, as well as giving access to off market businesses being for sale in a discrete way. The Principality enjoys a sovereign government that welcomes, even encourages, foreign business, so Monaco is a strategic choice to install business affairs. The Chamber of Commerce has even created the “Welcome and Business Office”, which is charged with welcoming and assisting all companies and individuals wishing to do business in the Principality. The Business Start-up Division, Business Monitoring Division and the Legal Services Division ensure a high quality and provide personalized support for entrepreneurs. in addition, the Chamber of Commerce also organizes events to maximize your business opportunities in Monaco, offers an exchange platform for Monaco companies and international companies, showcase essential business services and available business support schemes, and encourages development opportunities by fostering networking between business leaders, experts, prospects, customers and other stakeholders of the economic and financial world.
The Principality has over 110 vigorous industries within its boundaries, representing 11% (some $3 billion) of the national economy. in addition, Monaco’s remarkably diverse economy includes construction, banking, finance and other service industries, international trade and shipping and even aquaculture. The Principality is particularly noted for its groundbreaking research and development activities in a variety of industries including biotechnology and environmental fields. More than 1,000 retail stores help make Monaco a major hub for trade in Southern Europe. Elegant boutiques selling everything from fashion and jewelry to antiques and art, shopping centers and markets span the entire range of retail commerce and attract an affluent international clientele.
The Principality enjoys an extremely diverse and prosperous economy. it has successfully sought to diversify into services and small, high-value added nonpolluting industries. The state has no income tax and low business taxes and thrives as a tax haven for both indivuduals who have established residence and for foreign companies that have set up businesses and offices. Today, more than 100 industries are based in Monaco, ranging from the manufacture of plastic and automobile parts, shipped all over the world, to pharmaceuticals, cosmetics and the production of electronics for telecommunications and aerospace industries. Monaco supports high tech research and development in such fields as: aquaculture and marine biology; marine environment; biotechnology (pharmacology, chemistry, food); civil engineering, particularly techniques for land reclamation. Monaco Telecom, offering state-of-the-art systems, provides essential telecommunication services to residents and international businesses located in Monaco. it also serves new companies engaged in telecommunication activities through a joint venture created for that purpose: GTS Monaco Access.
Few urban areas in the world offer the competitive, cultural and lifestyle advantages that make Monaco the ideal choice for a business location.
A geographically strategic position, next to southern Mediterranean markets, two hours away from major European cities.