Living in Monaco: all the advantages of the Principality

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Settling and living in Monaco

Monaco & Monte-Carlo: Two simple words that still evoke a myth... Monaco's exceptional location on the legendary Riviera, its parks, its casino, it high society and exceptional events make it the ideal destination for a romantic vacation... or for an entire lifetime. An independent state in the heart of Europe, the Principality of Monaco offers both investors and entrepreneurs an exceptional, secure infrastructure combined with the advantages of an attractive fiscal system.

Monaco in figures: demography, education and amenities

Based on the latest official figures, there are approx. 37.550 inhabitants in the Principality of Monaco of which approx. 10,000 are Monegasque. Monaco residents from all over the world can place their children in a wide variety of schools which are either a part of, or affiliated with, the Ministry of Education. The curriculum and the diplomas obtained are the same as in France. Already in elementary school, pupils are taught not only English and French, but also "Munegu", the traditional local language, as well as the history of Monaco. The high school graduation rate (the passing of the French National Baccalauréat exam) is close to 98%.
Monaco's excellent infrastructure connects the Principality to all the main European capitals which can be reached in less than 2 hours. The same infrastructure allows the many local financial institutions to respond to the demands of a most exacting international clientele. This combination of excellent infrastructure, high quality of living and advantageous tax regime make Monaco the internationally sought after place it is and has always been.

Is Monaco safe ?

Monaco is one of the safest places on earth. One policeman for every 80 residents, 24-hour video surveillance of the entire Principality, a transmission system worthy of the best armies in the world, the possibility of blocking all access in and out of the Principality in several minutes as well as surveillance teams inside the Casino and in all of the gambling establishments and hotels make Monaco's security second to none.
The Monaco police department is managed by a highly placed member of the French police force and the police department is amongst the most modern and efficient in Europe. The rule imposed by the late Prince Rainier III was simple: "Monaco must have total security". The instructions given to the 520 police officers trained intensively for almost 2 years are of the strictest. The result is an incredibly low crime rate, the dream of any Interior Minister. As one jeweler in Monaco once so pointedly put it: "In Monaco, jewels are made to be worn, even on the street, and not to be left in a safety deposit box!".

Hospitals and healthcare in Monaco

Finally, the government of the Principality of Monaco attaches a great deal of importance to the quality of its health facilities, of which 3 main famous facilities:
- The Princess Grace Hospital is equipped with the latest generation of medical material (scanner, IRM, Radiology,...). The Monaco Government expects the end of the construction of the new hospital around 2023. It will accommodate patients in a modern, efficient and pleasant setting. The CHPG created a unique offer to preserve the health of its patients, the « Monaco Princess Grace Check Up Unit ».
- The Cardio-Thoracic Center, created in 1987, treats all manner of thoracic and cardiac pathologies.
- The IMSS (Monegasque Institute of Sports Medicinededicated to medicine and osteo-articular surgery.

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