How wealth tax works in Monaco
Monaco has no recurring wealth tax for individuals. Bank balances, brokerage accounts, private company shares, crypto assets and foreign assets are not taxed each year just because you own them.
{ "Monaco also does not levy a general annual property tax or council tax on ownership": { " The real costs are usually transactional": "VAT on spending, registration fees, stamp duty and legal costs on certain transfers." } }
Wealth planning in Monaco often becomes a cross-border exercise. Other countries may still tax your worldwide assets, so residence, domicile and source-country rules matter more than Monaco wealth tax rules.
Tax rates at a glance
- Net wealth tax
- 0%Zero
- Net worth tax
- 0%
- Annual property tax
- 0%
- Council tax
- 0%
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsHigh earnersFamily officesCrypto holdersRemote founders
Watch out for
- No wealth tax in Monaco does not mean no paperwork. Banks and counterparties can still ask for source-of-funds and tax-residency documentation.
- Property ownership is not hit by a yearly wealth levy, but transfers can still trigger registration duties and stamp taxes.
- If another country treats you as tax resident, it may still tax your assets, investment income or capital gains even when Monaco does not.
Frequently asked questions
Does Monaco have a wealth tax?
No. Monaco does not levy a net wealth tax or net worth tax on individuals.
Are foreign assets taxed in Monaco?
No, not as a yearly wealth tax. Foreign tax rules can still apply in the country where you are resident or where the asset is located.
Is Monaco attractive for investors?
Yes, because there is no Monaco wealth tax and no personal income tax for most residents. Investors still need to model transfer duties, VAT and foreign tax exposure.