Monaco Tax Simulator

Why Tax Planning Matters Before Relocation

Monaco is one of the world's most attractive jurisdictions for personal taxation. Residents pay no personal income tax, no capital gains tax, and no wealth tax. However, the fiscal benefits of relocating depend heavily on your current country of residence, the structure of your income, and how international tax treaties apply to your situation.

Our tax simulator helps you model these variables before making the move. Rather than relying on generalisations, you can input your actual income breakdown and see a side-by-side comparison of your tax liability in Monaco versus your current jurisdiction.

What the Simulator Compares

The tool analyses your tax position across multiple dimensions, reflecting the real complexity of cross-border taxation:

• Personal income tax — salary, dividends, rental income, freelance earnings
• Capital gains tax — securities, real estate, crypto-assets, business disposals
• Wealth and net-worth tax — applicable in France (IFI), Spain, Norway, and others
• Corporate taxation — Monaco's 33.33% rate on non-Monegasque revenue vs your current jurisdiction
• Social charges — CANAM contributions in Monaco vs national social security systems
• Inheritance and gift tax — Monaco's favourable rates for direct-line inheritance

Jurisdictions Available for Comparison

The simulator currently supports tax modelling against the following countries, with rates updated quarterly:

• France — IR progressive scale, CSG/CRDS, IFI wealth tax, PFU flat tax
• United Kingdom — income tax bands, CGT rates, non-dom regime changes
• Switzerland — canton-level taxation, lump-sum forfait, wealth tax
• Portugal — NHR regime (post-2024 reform), IRS brackets
• United Arab Emirates — 0% income tax, 9% corporate tax, VAT considerations
• Singapore — progressive rates to 24%, territorial taxation system
• Italy — flat tax regime for new residents (€100k lump sum)

How It Works

Enter your annual income by category, select your current country of residence, and the simulator calculates your effective tax rate in both jurisdictions. The results include a breakdown by tax type, a net savings estimate, and a five-year projection to account for transition costs such as exit taxes.

Understanding Monaco's Tax Framework

Monaco does not levy personal income tax on its residents, a policy established by Prince Charles III in 1869. This applies to all nationalities except French citizens, who remain subject to French income tax under the 1963 bilateral convention.

For corporate entities, Monaco applies a 33.33% profits tax only to companies deriving more than 25% of their turnover from activities outside the Principality. Businesses operating exclusively within Monaco — or deriving more than 75% of revenue locally — are exempt.

Social contributions are managed through CANAM (Caisse Autonome des Allocations Maladie), with employee and employer contributions covering healthcare, retirement, and family benefits. While lower than many European countries, these charges should be factored into any comprehensive tax comparison.

Exit Tax Considerations

Several countries impose exit taxes or deemed disposal rules when residents depart. France, for example, levies an exit tax on unrealised capital gains exceeding €800,000 at the time of departure. Our simulator factors these transition costs into the five-year projection, giving you a realistic picture of net savings after accounting for the fiscal cost of leaving.