The Maria Callas Monaco Gala & Awards is inviting young musicians worldwide to enter a competition for a chance to perform at the iconic Salle Garnier on 25th April, alongside its celebrated awards ceremony.
The prestigious Maria Callas Monaco Gala & Awards returns for its 5th edition on 25th April at 7pm, set against the elegant backdrop of the Monte Carlo Opera’s Salle Garnier. Under the High Patronage of Prince Albert II of Monaco, the event will spotlight emerging musical talent alongside its celebrated awards ceremony, honoring excellence in classical music and opera.
This year, the gala’s focus is on nurturing the next generation of musicians through a global online competition. Young artists from Monaco and beyond are invited to showcase their talent, with selected participants earning the once-in-a-lifetime opportunity to perform live at the iconic Salle Garnier. The competition underscores the gala’s mission to inspire a new appreciation for opera and classical music among audiences worldwide.
In addition to the competition winners’ performances, the gala will feature its traditional award ceremony, celebrating influential figures in music and the arts. Past honorees include renowned stars such as Monica Bellucci and Nana Mouskouri, and this year’s awards promise to uphold the event’s legacy of distinction.
The evening will conclude with a private VIP cocktail reception within the historic opera house, offering attendees a chance to connect in a refined setting. This gala, inspired by the original event launched by Prince Rainier III and Princess Grace in 1962, remains a dazzling testament to Monaco’s cultural heritage.
The picturesque town of Villefranche-sur-Mer has claimed the title of the most expensive real estate market in the Alpes-Maritimes, with an average price per square metre now reaching a staggering €10,654. The coastal enclave is followed by Èze and Beaulieu-sur-Mer as the priciest places to buy property in this stretch of the Riviera.
A recent report from Le Figaro, unveiled at the start of 2025, highlights the dramatic disparities in real estate prices across the Alpes-Maritimes.
Nice has seen a 7% dip in property values since January 2024, but in Villefranche-sur-Mer, a village that stands out for its breathtaking views of the Mediterranean and Cap Ferrat peninsula, prices are soaring.
Over the past five years, prices in Villefranche-sur-Mer have surged by a massive 39%. In this elite enclave, prices range from €6,425 per square metre on the lower end to an eye-watering €18,351 per square metre in coveted areas like the Col de Villefranche.
Èze and Beaulieu-sur-Mer join Villefranche-sur-Mer at the top of the local property market leaderboard.
In Èze, the median price per square metre is just slightly lower at €10,566, while Beaulieu-sur-Mer claims a close third place with €10,484 per square metre. Both towns exude the charm and exclusivity synonymous with the French Riviera, attracting buyers eager to invest in these little slices of paradise.
The Côte d’Azur’s allure continues further along the coast, where Monaco’s closest neighbours also command top prices. In Cap-d’Ail, properties are going for an average of €9,501 per square metre, followed by Beausoleil at €8,846.
The report does, however, acknowledge that the region’s real estate landscape is a mosaic of contrasts. While these elite towns set the standard for high-end living—and high prices—the median price per square metre across the Alpes-Maritimes as a whole is a more modest €5,878. Nationally, the median is approximately €4,720 per square metre.
Can you handle the Stack? There’s a new player to Monaco’s dining scene, and it is taking the humble sandwich to a whole new level.
WAM is a fast-gourmet eatery located in the Park Palace shopping centre on Avenue de la Costa, just steps away from the Place du Casino. Founded by local entrepreneurs Anthony Orengo and William Scheffer, the new spot promises something fresh for busy residents, professionals and students: high-quality sandwiches and creative flavours delivered with speed and convenience.
The concept behind WAM is simple but ambitious – reimagine the humble sandwich. Built on artisanal Italian bread that combines pizza dough and focaccia and made exclusively for the restaurant, WAM’s sandwiches feature carefully sourced ingredients and a “Stacking Good” philosophy, layering flavours and textures to turn a quick bite into a more satisfying meal.
Photo by Cassandra Tanti Monaco Life
Not your average sandwich shop
WAM offers a streamlined menu that caters to a variety of tastes, from hearty meat-based sandwiches to vegetarian and vegan options. Customers can add their own twist with a unique spray of sauce – choices like citrus, truffle, or Provençal herbs add a subtle but flavourful finishing touch.
Although WAM began its “soft opening” in November, its official debut into Monaco’s dining scene was celebrated on 8th January. During a press preview held the day prior, journalists were offered a variety of sandwiches showcasing the venue’s unique flavours. Standouts included the smoked salmon paired with a refreshing green apple twist and the bresaola enriched with a luxurious truffle cream. A signature “stack and side” WAM box is priced at €18.90, with the option to add a dessert for just €1 more. Complementing the meal, Daghe soft drinks and Monte-Carlo beers deliver an unmistakable Monaco flair.
“Everyone is welcome,” Anthony Orengo told with Monaco Life during the preview. “Start your morning here with breakfast and your laptop, enjoy a delicious lunch, or, if you’re a nearby student, stop by for goûter, or for an aperitif if you’re a professional. My goal is to create a cozy space where people can enjoy quality homemade food throughout the day.”
Personally, I’m keen to return for the breakfast menu, which includes the delicious WAM bread served with crispy bacon, avocado, and eggs.
But it’s not just about the food. WAM’s location, just steps from Monaco’s central bus stop and tourist hotspots like the Casino de Monte-Carlo, makes it an easy choice for those rushing between meetings or looking for a quick lunch break. The venue itself strikes a balance between practicality and comfort, with a mix of counter service for speed and cosy booths where you can plug in your laptop or unwind with a coffee.
WAM offers a variety of seating options. Photo supplied
A new venture from familiar faces
As the co-founders of Monte-Carlo Beer, Orengo and Scheffer are well-established figures in Monaco’s business community, with past ventures like Emilie’s Cookies in La Condamine and Monte-Carlo Boys in Singapore.
WAM represents their latest project in the Principality, driven by a shared vision to introduce something entirely new to Monaco’s dining scene.
More than just a lunch spot
WAM isn’t limited to dine-in service; takeaway options mean you can grab your sandwich and keep moving. Regulars might appreciate the 20% discount offered to those paying with the Carlo app, a nod to the tech-savvy habits of Monaco’s residents.
Manager Sophie, a familiar face to those who’ve frequented the Park Palace over the years, adds a personal touch. Having overseen several ventures in the same location, her experience and customer-first approach are a reassuring constant as WAM establishes itself in the community.
WAM is located in the Park Palace shopping centre. Photo by Cassandra Tanti, Monaco Life
A fresh option for Monaco locals
For those living and working in Monaco, WAM offers a fresh addition to the lunchtime routine. It’s quick enough to suit a packed schedule but ambitious enough to stand out from the usual sandwich chains.
Whether you’re after a grab-and-go meal or a place to pause for a moment, WAM has entered the local dining scene with a clear purpose: to elevate fast food without overcomplicating it. If you’re looking for something new, it’s well worth stopping by to see how this local team is stacking up.
Monaco has welcomed four new firefighters to the fold. Under the Corps’ guiding motto of “Courage, devotion, sacrifice”, the recruits will serve under the banner of the late Chief-Sergeant Thierry Perard, who lost his life in the line of duty in June 2022.
The Monaco Fire Brigade held a touching ceremony in the Place du Campanin in Fontvieille on 9th January, during which the four newly inducted recruits were formally presented with their helmets.
The event, under the command of Lieutenant-Colonel Maxime Yvrard, was attended by distinguished guests, including Minister of the Interior Lionel Beffre; Colonel Tony Varo, the Superior Commander of Monaco’s Force Publique, which encompasses the Fire Brigade and the Compagnie des Carabiniers du Prince; and Father Christian Venard, Chaplain of the Public Force, who blessed the helmets.
The ceremony held special significance, as the new recruits are part of the Chief-Sergeant Thierry Perard class, named in honour of the firefighter who tragically lost his life during a fire at 21 Avenue Princesse Grace on 19th June 2022. The late firefighter’s wife and daughter attended the event, adding emotional resonance to the proceedings.
Each recruit received their intervention helmet from a designated sponsor, marking the culmination of a rigorous five-month training programme. The presentation of the helmets symbolises the recruits’ formal commitment to the Fire Brigade and their integration into its ranks. It also reflects the deep sense of fraternity shared among the members of the Corps, who work tirelessly to protect lives and property within the Principality and neighbouring municipalities.
The new recruits now join their comrades in embracing the Corps’ guiding motto: “Courage-Devotion-Sacrifice.” With these values at heart, they will now embark on their mission to serve the community with pride and dignity.
Pictured: Lionel Beffre, Interior Minister (centre); with Colonel Tony Varo, Superior Commander of the Public Force (left); Lieutenant-Colonel Maxime Yvrard, Chief of the Monaco Fire Brigade; and Father Christian Venard, Chaplain of the Public Force (right), as well as the four new recruits
Photo credit: Manuel Vitali / Monaco Communications Department
Why UK tax changes are driving high-net-worth individuals to Monaco: Expert insights
The UK’s sweeping tax reforms, effective April 2025, are pushing high-net-worth individuals to reconsider strategies. With no personal income tax, Monaco’s regime offers an attractive alternative for relocation.
The UK is set to undergo one of the most significant tax reforms in decades, with the Finance Bill, published on 7th November, introducing major changes effective from April 2025. A key highlight is the abolition of the non-domiciled (“non-dom”) status, which will be replaced by a “long-term UK resident” classification. Individuals who have been UK residents for 10 of the past 20 years will fall under this category, bringing them into the scope of worldwide taxation and potentially increasing their liabilities substantially.
The reforms also include the end of the remittance basis of taxation, which has allowed non-doms to pay UK tax only on domestic income and gains, plus foreign income brought into the UK. From 2025, all income and gains, regardless of location, will be taxed. Capital Gains Tax (CGT) rates will rise across the board, while changes to Inheritance Tax (IHT) rules will see overseas assets included in taxable estates, and spousal exemptions capped for non-resident spouses.
Trusts are also affected, with reforms tightening the definition of excluded property. From 2025, the settlor’s UK residency status at death will determine whether overseas assets in trusts remain exempt from IHT, reducing protections for international wealth.
These changes mark a turning point for many high-net-worth individuals who may need to reassess their tax strategies. Monaco, known for its absence of personal income tax and favorable inheritance tax rules, is becoming an attractive option. Audrey Michelot, a tax expert at CMS Monaco, highlights the Principality’s appeal for those considering relocation in response to the UK’s sweeping reforms.
Monaco Life: Why is Monaco’s tax regime particularly appealing to UK residents?
Audrey Michelot: The defining characteristic of Monaco’s tax regime is its complete absence of personal taxation. For individuals residing in Monaco, there is no personal income tax, no wealth tax, no capital gains tax, no withholding tax, and no local tax on real estate property. This applies to both Monegasques and foreign nationals—except for French citizens due to specific agreements.
Unlike the UK, Monaco does not differentiate tax treatment based on the source of income. Whether the income is generated in Monaco or abroad, the same rules apply. Residents only need to consider if the country of the revenue’s source imposes withholding taxes or other obligations.
Are there any specific tax obligations or considerations for new residents in Monaco?
New residents in Monaco have minimal tax obligations. Monaco joined the Common Reporting Standard (CRS) in 2017, enabling automatic financial account reporting between banks and tax authorities in participating countries. This process requires no additional action from residents, apart from completing a form when opening a Monaco-based bank account.
Are there situations where Monaco residents might still face tax liabilities in the UK?
Yes, potential tax liabilities in the UK depend on an individual’s ongoing ties to the country. For example, the new UK rules establish a 10-year period during which inheritance tax may still apply to former UK residents classified as long-term residents (for 20 years or more) before their move. For those relocating in 2025, UK inheritance tax obligations could continue until 2035. Consulting a UK tax advisor is essential to ensure compliance and proper planning.
What about taxation for businesses in Monaco?
Monaco’s tax regime is notably attractive for businesses, with corporate income tax applying only to companies that carry out commercial or industrial activity and generate over 25% of their turnover outside Monaco or engage in specific activities such as licensing income from patents. The corporate tax rate for these businesses is set at 25%.
Monaco also offers a range of incentives designed to support businesses. New companies can benefit from tax credits during their initial years of operation, while deductions are available for directors’ remuneration, helping to reduce overall tax liabilities. Administrative offices of foreign companies can take advantage of a cost-plus tax regime, where only the services provided to the broader group are subject to taxation. Additionally, businesses involved in innovation can benefit from research and development tax credits.
These features make Monaco a compelling option for startups and established enterprises alike, particularly those seeking a tax-efficient base for their operations.
Audrey Michelot, a tax expert at CMS Monaco, highlights the Principality’s appeal for those considering relocation in response to the UK’s sweeping reforms.
How does Monaco’s inheritance and gift tax regime compare to the UK?
The differences between Monaco and the UK are considerable. In the UK, inheritance tax is set at 40% for transfers exceeding £325,000. In Monaco, however, inheritance and gift taxes apply only to assets physically located within the principality, with no tax levied on foreign assets.
Monaco’s tax rates for inheritance and gifts are significantly lower than those in the UK and vary based on the relationship between the parties involved. Transfers between spouses and direct descendants, such as children and grandchildren, are entirely tax-free. Transfers to civil partners incur a modest 4% tax, while siblings face an 8% rate. Transfers to uncles, nephews, are taxed at 10% and other relatives are taxed at 13%, and for non-relatives or entities, the rate is capped at 16%.
Monaco’s civil law framework also contrasts with the UK’s common law system. While Monaco does not have domestic trust laws, it has adapted to the needs of its international residents by recognising foreign trusts under a 2022 legal reform. This change allows residents to benefit from the principality’s favourable tax rates rather than the flat 16% rate that previously applied to foreign trusts, providing a more flexible and efficient way to manage asset transfers.
Have you observed an increase in interest from UK residents since the announcement of the UK tax reforms?
Absolutely. We’ve seen a marked rise in inquiries, particularly from non-domiciled UK residents who anticipated these changes. Many have already started the relocation process, including obtaining visas and residence permits. By early 2025, we expect an influx of UK residents officially moving to Monaco.
What advice would you give to UK residents planning to relocate to Monaco?
Planning is critical, especially post-Brexit. UK citizens must apply for a long-stay visa (visa D), a process that takes at least three months. After obtaining the visa, they must apply for Monaco’s residence permit (carte de séjour), find accommodation, and open a bank account. Since opening a Monaco bank account involves rigorous compliance checks, this step alone can take one to two months.
Overall, the entire relocation process can take five months or longer, so starting early is crucial.
Beyond its tax benefits, why is Monaco an attractive place to live?
Monaco offers unparalleled stability—economically, politically, and legally. Monaco also boasts a high level of security, an excellent international education system, and a family-friendly environment. Residents enjoy world-class services comparable to those in the UK or the EU, making Monaco a premier destination for individuals and families alike.
AS Monaco were unable to topple a fast-paced FC Barcelona in their latest EuroLeague game, with the Catalans beating the home side 98-84 at Gaston Médecin. Despite a strong comeback in the second quarter, the Roca Team struggled with the physicality of the Spanish side, who were led by a bruising 27-point performance from Dario Brizuela.
The game started with both teams eager to build on their early 2025 victories – Monaco had enjoyed a run of three successive victories until the fixture on Thursday 9th January, including a win against Alba Berlin in the EuroLeague.
Head Coach Vassilis Spanoulis had to make do without Alpha Diallo, still sidelined with injury, for the game but began with a strong starting five that featured Mike James, Nick Calathes, Jordan Loyd, Vitto Brown and Donatas Motiejunas.
Barcelona quickly established dominance, and a fast-paced first quarter saw them finish with a 25-17 lead. Monaco responded in the second quarter, fighting back with a 10-0 run to close the gap and finish the first half trailing by just four points: 45-41.
“We showed some great character in the second quarter,” Spanoulis said post-match. “But we just couldn’t keep it going. We need to be better at both ends of the court if we want to compete at this level.”
After the break, Monaco seemed to regain their momentum. Matthew Strazel and Mam Jaiteh sparked the team’s comeback. The Roca Team tied the game at 49-49 midway through the third quarter, but Barcelona’s efficient play and Brizuela’s hot hand quickly swung the momentum back in their favour.
“It’s tough,” said Monaco guard Mike James. “We fought hard, but we made too many mistakes and allowed them to get easy baskets.”
By the time the game entered the final quarter, Barcelona had opened up a 73-62 lead, and despite some late-game heroics from James, who scored a clutch three-pointer, Monaco were unable to claw back the deficit. Barcelona sealed the victory with a final 98-84 scoreline, led by Brizuela and the combined efforts of their well-rounded squad.
Monaco now face a quick turnaround, with their next EuroLeague match set for next Tuesday against Bayern Munich. They will also travel to Nanterre on Saturday for a Betclic Elite fixture.
“We’ll focus on getting better and not dwelling on this result,” said Spanoulis. “The season is long, and we’ll be ready for our next challenge.”
