Safest Place to Live – Despite all the luxury on show, Monaco is one of the safest places to live in the world. Crime rates are low and the police force is renowned for its efficiency. If you want to put your wealth in Monaco, you can bet it is in safe hands. Perfectly Situated for Business – Monaco is a great place to live as it is For the most part, property taxes in Monaco are nonexistent. Rental properties are taxed at 1% of the annual rent. Also, when the property is sold, there is a 33.3% tax on the sale. More on Monaco. Noted as one of the most expensive destinations in the world, Monaco offers a very strong and extensive banking infrastructure. L2cigOp.

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