Key Tax Rates at a Glance
| Tax Type | Rate | Tier | Notes | Source |
|---|---|---|---|---|
| Income Tax — top rate | 0.0% | Zero | Top marginal rate | OECD 2026 |
| Income Tax — lowest rate | 0.0% | Entry rate | OECD 2026 | |
| Corporate Tax | 0.0% | Zero | Standard rate | OECD 2026 |
| VAT | 20.0% | Moderate | Standard rate | OECD 2026 |
| Capital Gains Tax | 0.0% | Zero | Standard rate | OECD 2026 |
| Social Security (employee) | 13.85% | Employee contribution | OECD 2026 | |
| Territorial Taxation | Yes | Territorial system | OECD 2026 | |
| Digital Nomad Visa | No | Check official government sources | Official |
Monaco Special Tax Regime
| Criterion | Detail |
|---|---|
| Who qualifies | Qualifying expats, investors and skilled workers. |
| Tax rate under regime | Reduced rate under Monaco Special Tax Regime. |
| Duration | Varies — consult official government sources. |
| Application process | Apply through Monaco Tax Authority. |
| Key restriction | Must not have been tax resident in prior years. |
Income Tax Brackets
Income Tax Brackets
Monaco has no personal income tax for residents. Non-residents are not taxed on Monaco-source income. This flat-zero structure is the foundation of Monaco's appeal to ultra-high-net-worth individuals, wealth managers, and international traders.
Corporate Tax
Corporate Tax
The nominal corporate tax rate is 33.33% on profits derived from outside Monaco. However, the vast majority of businesses registered in Monaco are trading companies and holding companies, which are effectively exempt from corporate tax through Monaco's longstanding commercial law. This creates a powerful incentive for international business registration.
VAT & Consumption Taxes
VAT & Consumption Taxes
Monaco adopts the French VAT system at 20% standard rate. As part of the French customs union, VAT is applied identically to France. Reduced rates of 5.5% and 2.1% apply to certain goods (food, medicine, books) under French rules.
Capital Gains & Investment Income
Capital Gains & Investment Income
Individuals resident in Monaco pay zero capital gains tax on personal investment gains. Dividends and interest income are also untaxed for residents, making Monaco exceptionally attractive for portfolio investors and traders managing global assets.
Digital Nomad & Expat Visas
Monaco does not currently offer a dedicated digital nomad visa. Check official government sources
Tax Scenarios — Effective Rates
Estimated all-in tax burden after income tax and employee social security. Assumes standard deductions; does not account for special regimes or itemised relief.
Tax Burden Calculator
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Key Insight
Monaco levies no personal income tax, making it one of the most tax-efficient jurisdictions globally. Monaco operates a territorial tax system — foreign-sourced income is generally not taxed for residents.
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Frequently Asked Questions
Comparisons
Social Security & Benefits
Social Security
Mandatory social security contributions (CAMTI pension + CAR health insurance) total approximately 11.7% for employees. Self-employed residents pay higher rates (around 24%). These contributions are deductible from taxable income in jurisdictions that do tax Monaco income, but for Monaco residents, they are simply mandatory costs of residency.