July 26th, 2007 by Tea
Monaco has been governed as a constitutional monarchy since 1911, with the hereditary prince (presently, Prince Rainier III) as the head of state. Unlike other European monarchies, the Monegasque sovereign is the actual, and not symbolic, head of state. In the constitution of 1962, it is clearly stated that the executive power is responsible to the supreme authority of the reigning prince. The succession to the throne passes to the direct descendants of the prince under the principle of primogeniture (inheritance of the first born), with male descendants taking precedence over female descendants of the same degree of kin. The sovereign represents Monaco in its relations with foreign powers and signs and ratifies treaties. In 1956, Rainier III married American film star Grace Kelly, who died in a car crash in 1982. They have 2 daughters and a son, who is the heir apparent to the throne. (for more information click here)
July 24th, 2007 by Tea
Already on par with real estate prices in New York and London, Monaco property prices could be set to go even higher in 2007, figures show.
Prices for property in Monaco could rise steeply in the next couple of years, and Europe’s favourite tax haven could be out of reach for some British and European millionaires, according to a Monte Carlo travel guide. (for more inforfmation click here)
July 24th, 2007 by Tea
Monaco is well known as a tax haven, and the luxury lifestyle associated with the princpality is as legendary as her tempting zero income tax.
From her casino featuring in James Bond films, the Grand Prix around the streets in early summer when anyone who is anyone has their yacht in the marina, the Aston Martin showroom at the top of Casino Square to the designer fashion labels with their boutiques looking out on the Mediterranean nothing comes cheap in Monaco – or does it?
Do you need to be a millionaire to share in Monaco’s tax status and social life? (for more information click here)
July 24th, 2007 by Tea
A recent survey suggests that the number of UK millionaires will rise by four hundred per cent in the next few years. And once they make their money the chances are that a good number will be moving to Monaco..
The number of British people moving to the tax haven of Monaco has increased dramatically in recent years, with some estate agents in the Principality claiming that four in ten of their buyers are now from the UK, compared to just one in ten a few years ago.
And if recent surveys are an accuate indication of the future, then Monaco estate agents might be seeing an even higher percentage of Brits buying with them in the near future. (for more information click here)