Monaco Tax Guide
Figures on this page were last verified against the cited sources in June 2026. Always check official sources before making a relocation or incorporation decision.
Best for
- Zero personal tax
0% on personal income — among the simplest tax outcomes globally.
- Zero capital gains
No CGT on investment, property, or crypto disposals (subject to "investor" classification).
- Foreign income exempt
Exempt system — overseas income generally outside the local tax net.
- No wealth tax
No annual tax on net worth or assets.
- No inheritance tax
Estate and lifetime transfers not subject to inheritance tax.
Personal Income Tax
Tax Residency
Income Tax Rates
Foreign Income Treatment
Investment Income
No capital gains tax for individuals
Wealth & Inheritance
Practical Notes
French citizens remain subject to French income tax. High cost of living and property. Minimum €500,000 bank deposit typically required for residency.
Business & Corporate Tax
Corporate Income Tax
Withholding Taxes
VAT / GST
Compliance & Substance
Notable Regimes
- Startup relief program
- R&D tax credit 30%
OECD Pillar Two (15% global minimum tax)
No Pillar Two legislation enacted. Few in-scope MNEs domiciled in Monaco given the regime's focus on individuals.
See full implementation trackerTax Treaty Network
No US, UK, or Germany tax treaty. France-Monaco treaty (1963) is the dominant bilateral arrangement and the reason French citizens remain subject to French tax. Smaller treaty network reflects Monaco's 0% individual income tax regime.
See full treaty matrixData Sources
Last verified: June 2026. Always check official sources before making a decision.
FAQ
What is the personal income tax rate in Monaco?
Monaco has a top personal income tax rate of 0%. The tax structure is: No personal income tax (except French citizens). See the detailed breakdown above and verify with official sources.
Do I need to pay tax on foreign income in Monaco?
Monaco uses a exempt system for foreign income. No tax on personal income for residents (except French citizens under 1963 treaty)
What are the residency requirements for Monaco?
Tax residency in Monaco generally requires 183 days of physical presence. 183 days required for tax residency; must demonstrate sufficient means and accommodation. Always verify current rules with official sources.
Is there a wealth tax in Monaco?
No, Monaco does not have a wealth tax. No wealth tax
What is the corporate tax rate in Monaco?
The corporate tax rate in Monaco is 25%. 25% only if >25% turnover from outside Monaco or IP-related income; 0% if ≥75% turnover in Monaco
US citizen moving to Monaco? Read this first.
Monaco has 0% personal income tax, so the US-citizen math is dominated by FEIE plus self-employment tax.
- •FEIE (Form 2555) shields ~$130k of earned income in 2026. Income above that has no Foreign Tax Credit to offset US tax (no foreign tax was paid), so it's taxed at regular US rates.
- •Self-employment tax (15.3%) is owed in full — Monaco has no totalization agreement with the US, so there is no SE-tax exemption.
- •Investment income (dividends, capital gains, interest) is taxed at standard US rates. No FTC because no Monaco tax was paid.
- •Monaco residency requires 183 days. State residency severance from a sticky state (CA, NY, VA, NM, SC) before international move is the highest-stakes practical step.
Need someone to actually plan Monaco for you?
TaxAtlas covers the rates and rules. For the personal side — exit planning, residency strategy, business structure, or filings — request a response and we'll point you to relevant research or a specialist who handles Monaco cases.
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