Tickets available for Monaco’s 2024 Sportel Convention and Awards

Over three days in October, the Principality will host the world’s sporting elite at Sportel Monaco. Alongside the industry talks and expert-led conferences, the event will offer fans an opportunity to meet their idols and watch on as the year’s most remarkable sporting moments are honoured at the prestigious Sportel Awards.  

For more than three decades now, Sportel Monaco has been the premier gathering for sporting professionals from around the world, providing a unique platform where they explore the latest trends, form business partnerships and discover the innovations that are shaping the future of the industry.  

As always, this year’s event, which will be held under the Honorary Presidency of Prince Albert II of Monaco at the Grimaldi Forum at the end of October, will unite the fans, the athletes and those behind the scenes with a diverse programme of talks, conferences and panel discussions on topics such as the role of sponsorship in generating revenue, the success of the Paris Olympics’ in terms of broadcasting and viewership, and generative AI and storytelling. The complete programme can be found here

The event will culminate with the Sportel Awards, “an international competition that rewards the most outstanding sports footage of the year, during a ceremony open and free to the public”, say the organisers.  

Prizes include the Golden Podium Awards, the Sport Book Prize, the Autobiography Prize and the Sportel Lifetime Sport Achievement Award. 

To sweeten the pot, Olympians, international sport stars and championship athletes are on hand to present the winning trophies to the laureates, bringing a touch of glamour to the already exciting evening.  

Spaces for all public events, though free, must be reserved in advance. Click here to book. 

 

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Photo credit: Sportel Awards

Italy’s flat-tax rate for HNWIs doubled to €200,000

Italy’s flat-tax rate for wealthy foreigners in exchange for residency has been raised from €100,000 to €200,000 with immediate effect by Prime Minister Giorgia Meloni. Existing residents will still enjoy the original rate.  

It was announced on 7th August that wealthy foreigners relocating to Italy will now be subject to an increased levy of €200,000 on foreign income, up from the €100,000 lump sum enjoyed by those who have been living in the nation since the original rate was introduced in 2017. The change in policy will not affect those living in Italy prior to the increase.  

The flat-tax applies to worldwide income earned outside of Italy, including income generated by real estate assets and foreign financial investments. It also provides exemptions from inheritance taxes. It can be applied for a maximum of 15 years by individuals who have not been tax resident in Italy for nine of the previous 10 years. Family members can also benefit from the flat-tax policy for an additional €25,000 per person on an annual basis. Revenue generated in Italy is subject to domestic taxation regimes. 

Between 2017 and the end of 2023, the tax enticed almost 4,000 HWNIs to Il Bel Paese, according to that Italian Ministry of Finance. Research by Maisto e Associati, an Italian tax law firm, suggests that there was a particular boom in wealthy people relocating to Italy in light of its favourable flat-rate last year. As many as 1,200 high-net-worth-individuals are believed to have moved to Italy in 2023.  

Read more:  

Flat-tax and lifestyle: how Italy is seducing the world’s UHNWIs 

 

Monaco Life is produced by real multi-media journalists writing original content. See more in our free newsletter, follow our Podcasts on Spotify, and check us out on ThreadsFacebook,  Instagram,  LinkedIn and Tik Tok

 

Photo source: Sterling Lanier, Unsplash