A Structural Change in British Taxation
From April 2025, the UK’s non-domiciliary (non-doms) tax regime will be abolished, marking a major transformation in the UK tax framework. Against this backdrop, Monaco is a relevant relocation option for the taxpayers concerned, due to its stable legal and tax framework, as well as its security and predictability in terms of wealth and inheritance tax.
The Principality’s main advantages
Monaco stands out for its favourable tax regulations for individuals and companies:
- No personal income tax
- Exemption from capital gains tax on financial assets
- No wealth tax
- An inheritance system offering flexibility in the transfer of assets
- Moderate taxation on property transactions
In addition to tax considerations, Monaco also offers :
- A stable and predictable institutional framework
- An economically and politically secure jurisdiction
- A legal environment in line with international standards
- A regulatory framework that facilitates the establishment of residents and businesses
Structured legal and tax support
Boisbouvier Robert Law & Tax Offices offers specific legal and tax advice to British residents wishing to establish their residence in Monaco, in compliance with Monegasque and international regulations.
Our services include:
1. Legal and tax analysis and structuring
- Study of eligibility and applicable legal framework
- Optimised tax structuring according to wealth and professional needs
- Estate planning and organisation
2. Assistance in obtaining Monegasque residency
- Administrative assistance and regulatory compliance
- Filing applications and following up with the relevant authorities
- Management of tax obligations
3. Support in setting up and running a business
- Advice on structuring legal entities in Monaco
- Compliance with local regulations
- Assistance in the management and legal monitoring of business activities
4. Complementary Services and Family Office
- Management of international wealth and tax interests
- Assistance with banking and financial procedures
- Coordination with specialised experts according to the client’s needs
Anticipating tax transition
In view of the changing UK tax framework, strategic anticipation is essential to secure the transition to a new residence regime. Appropriate legal and tax advice can ensure compliance with current regulations and optimise the tax and asset implications of the change of residence.
Our firm is at your disposal for any consultation and in-depth analysis of the options for relocating to Monaco.
