The Principality of Monaco is frequently cited as being one of the best places on earth to live, but what is it really like, and what exactly are the benefits of living in Monaco?

It is virtually impossible to list all the positives about this tiny slice of paradise on the Mediterranean, but we have covered the main advantages in our top ten reasons for moving to Monaco below.

Discover the benefits of living in Monaco

1. TAXES

Perhaps the best-known benefit of living in Monaco is that residents are not expected to pay tax on their worldwide income.

2. CLIMATE

The climate in the south of France and Monaco is wonderful, with warm sunny winters and temperatures reaching the mid 30Cs over the summer months. What some people do not realise is that Monaco is also tantalisingly close to the southern Alps, with the nearest ski resort being just over an hour away.

3. SAFETY

With on average one policeman for every one hundred residents, Monaco is a very safe place to live.

4. HEALTH

Health care in Monaco is exemplary, with a large number of private and public hospitals and clinics. The most famous, Le Centre Hospitalier Princesse Grace, is named after HSH Prince Alter II of Monaco’s famous mother Grace Kelly.

5. EDUCATION

Benefits of living in Monaco - University of Monaco

With a world-famous international school and university, as well as excellent public schools for all ages, education is without doubt one of the major benefits of living in Monaco for families. The International School of Monaco follows the international baccalaureate syllabus in English, while at local schools lessons are predominantly taught in French.

6. BUSINESS

Conducting business from Monaco is a pleasure, with excellent transport links to almost any city in the world via Nice international airport, a 30-minute drive away. Meanwhile, for those wanting to work remotely, the Principality is also the first European country to offer a 5G mobile network, making digital communication easier than ever.

7. NATURE

Benefits of living in Monaco - Japanese Gardens

Although one of the most densely populated states in the world, Monaco is surprisingly green, with a large number of wonderful parks and walkways to enjoy at any time of year. Access to a number of wonderfully clean beaches, lined with excellent restaurants and bars, is also a huge benefit of living in Monaco.

8. SPORT

Monaco is home to a number of professional sportsmen and women and it is easy to see why they would choose to live in the Principality. The weather is ideal for practising all kinds of sports, there are excellent facilities such as the Olympic swimming pool at the Stade Louis II sports complex, and there are a large number of associations on offer for residents of all ages. A number of international sporting events are also held in Monaco, such as the Rolex Tennis Masters and the world-famous Monaco Grand Prix.

9. CULTURE

With its own philharmonic orchestra, opera and ballet company, the annual calendar of cultural events in Monaco is typically jam-packed. Its award-winning cultural centre the Grimaldi Forum hosts an eclectic agenda of performances: from Les Sérénissimes de l’Humour, a popular comedy festival, to West End musicals.

10. PROPERTY

Portier Cove property Monaco

Monaco is home to some of the most luxurious properties in the world, such as One Monte-Carlo, a brand new development a stone’s throw from the Hotel de Paris and Casino de Monte-Carlo in Monaco’s Carré d’Or. The choice of apartments for rent in Monaco is rich and varied, and will soon be even more so with a brand new and exciting area called Portier Cove currently being constructed on reclaimed land, tipped to be the hot new district.

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All photos courtesy relevance

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