http://possessioncover.com Thu, 22 Dec 2011 09:28:57 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 http://possessioncover.com/monaco-and-the-business-world/ http://possessioncover.com/monaco-and-the-business-world/#comments Sat, 23 Jan 2010 11:19:11 +0000 admin http://possessioncover.com/?p=16 Monaco will now begin collating and publishing figures showing it’s GDP for the first time after decades of being Europe’s top tax haven. But for those who are thinking about moving to Monaco or Monte Carlo because of the zero income tax policy, there is not a thing to worry about.
Independent travel guides claim that this is not about Monaco’s tax policy but more about Prince Albert’s push for world affairs and the environment. The UK buyers have increased noticeably in the past few years which pushed the price of property up to about ten percent annually. The travel guide goes on to say that real estate can drop in value and rise again just like any other commodity. Not only does the tax benefit draw people but so does the Grand Prix that is held there each May. This race brings thousands of tourists to the Principality and so does the Monaco Yacht Show each September, as it is an event that gets more popular each year.

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