The Principality Of Monaco 2

As a civil law jurisdiction, Monaco has forced heirship. However, death / gift duties only apply to Monaco based assets on the following basis :

One of the few civil law jurisdictions to have a trust law, enabling nationals whose country of nationality also has a trust law, to establish foreign trusts which are validated under Monaco law.

This is one way for those nationals to neutralise the forced heirship rules. Resident and non resident foreigners may rent or own real estate in Monaco free of any property tax (other than transfer duty).

Monaco welcomes foreigners wishing to take up residency (minimum presence of 180 days per annum is required). Monoeci is able to help with all the formalities and settlement necessities.

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