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Day: 6 September 2023

New Crypto Wealth Report scores Monaco 9/10 for “tax friendliness” 

by: Stephanie Horsman
06/09/2023
crypto wealth monaco

The first ever Crypto Wealth Report from Henley & Partners has awarded Monaco a solid nine marks out of 10 for tax friendly parameters.  

With 88,200 crypto millionaires globally, 425 million cryptocurrency-owning individuals and a total market value of just under €1.1 billiond, this market has gone way beyond trend level and is now a bona-fide player on the world money stage.  

A brand-new report, which was published by international wealth and investment migration specialists Henley & Partners on 5th September, has indicated a definite Monegasque presence in the crypto world; one that is particularly respected for its taxation of crypto-related activities. 

WHERE DOES MONACO STAND 

The Principality figures in the new report in several key areas.  

Where Monaco shone brightest was in tax friendliness for investors. Each country included in the report was assessed for its approach to taxing crypto-related activities and the Principality got near top marks, with nine out of 10 alongside Hong Kong and Mauritius. Singapore and the UAE were the only nations to score a perfect 10 out 10. 

Monaco also scored well – 7.5/10 – when it came to infrastructure adoption and economic factors. Where it was weakest was public adoption, scoring just 0.3/10, the lowest on the table of the 26 nations listed. 

As global investment expert, Jeff D. Opdyke, states in the report, “Crypto is the most inevitable trade and technology of the last 30 years, and now is a fantastic opportunity to buy as we’re unlikely to ever see these prices again.” 

The Principality’s overall score, which was devised using 750 data points, saw it rank 17th worldwide on the report’s Crypto Adoption Index.  

Singapore took the top spot, closely followed by Switzerland, the UAE, Hong Kong and the US.  

 

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Photo source: Kanchanara, Unsplash

Diverse Mediterranean cuisine to be honoured at the Marché de la Condamine

by: Elsa Carpenter
06/09/2023
Soirée Méditerranéenne condamine

Expect music, dancing and plentiful plates of delicious Mediterranean food at next week’s Soirée Méditerranéenne in the Condamine market.  

Set to take place on Friday 15th September from 8pm, the Soirée Méditerranéenne is being held in conjuncture with the popular Monaco Méditerranée show in the Chapiteau de l’Espace Fontvieille that is also on the programme the same weekend.  

The mix of Mediterranean nations represented at the market will be just as diverse as those of the artisan event in Fontvieille, with delicacies and traditional favourites from countries such as Lebanon, Morocco, Italy, Greece and, of course, Monaco set to feature on the menus of the shops, restaurants and bistros that line the Condamine’s food court.  

Alongside the food, guests are in for a real cultural treat of music, dancing and vibrant décor.  

No reservations are required for the Soirée Méditerranéenne, but be sure to arrive on time if you’d like to get a table.  

For more information, please click here. 

 

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Photo source: Ioannis Sarantis, Unsplash