Residence in Monaco + US LLC

[saponaire]

SCP shield you from any US inheritance tax in case any of your business touches US - Monaco SCP is a very cheap wrapper.
If inheritance is not a concern, then could just use the US LLC.

I don't see personally any need for a guernsey company (unless he wants to own these assets through a trust - trust avoid CFC rules in most countries)

 

[rm777]

Which banks in Monaco allow trading of US stocks and have an international presence (preferably in US)?

 

[saintjohnny]

@baltic7

Did you end up moving to Monaco? I just moved here. Feel free to PM me whenever.

 

[rm777]

@baltic7

Did you end up moving to Monaco? I just moved here. Feel free to PM me whenever.

Do you have Telegram or other means of contact? Very interested in Monaco as well.

 

[clemens]

Interesting setup you are planning there. How is it going with it? I mean Monaco could be a very good option for for you are looking to do.

 

[Liamstebe]

Thanks for your answer. Interesting point of view.

Something similar to Saas. But not really that.

I am 29 years old.

I know Monaco is small, but living in Monaco doesn't mean you don't have to leave the country. The same as if you lived in Zug or in a residential area of a large capital. In the end, Nice and Cannes are minutes from Monaco.

I currently live in Tallinn, which I think is much more boring than Monaco, especially in winter. Not to mention the weather and darkness.

I travel a lot for pleasure, so even here in Estonia I don't feel completely cooped up. As I say, this is a very small place, and the only places around it are Helsinki, which you have to go by ferry, Saint Petersburg, which is 4 hours away by car (and now it's difficult to get there) and Riga, which is the same as Tallinn. For the rest you have to take a flight.

The flat tax in Italy is 100k, with that I can rent a decent apartment in Monaco, and not have to live in a hole of 300-400 euros a month. From Monaco I can go to Italy every weekend if I want, it's right next door.



This is also true. It makes no sense to pay a flat tax in Switzerland, when with that money I can rent something interesting in Monaco. And I also don't think the cost of living is much cheaper in Switzerland than in Monaco.

What kind of service you sell? What nationality have you ?

 

[LFGC]

Ditto, please DM, would love to chat about Monaco

 

[rm777]

whatever you do, be careful as in monaco there are plenty of "facilitators", that will want up a fee up to 5-10% of your wealth for the bank account + residency package, plus the fees and VAT if you buy real estate.
It could get expensive.

What is the standard fee for the bank account + residency package? I started looking into relocation options with Henley & Partners. They wouldn't introduce me to a facilitator who would want a fee up to 5-10% of my wealth/deposit, right? How would I check whether the facilitator is reputable?

 

[AsDeepAsIGetLost]

Just be sure not to be french for Monaco.

Really Why ?

 

[saintjohnny]

What is the standard fee for the bank account + residency package? I started looking into relocation options with Henley & Partners. They wouldn't introduce me to a facilitator who would want a fee up to 5-10% of my wealth/deposit, right? How would I check whether the facilitator is reputable?

Don't fall for that. Just walk into a bank.

Really Why ?

The French pay tax in Monaco as if they were in France so there are 0 advantages.

 

[LFGC]

Really Why ?

Don't have French citizenship if you want the tax benefits of Monaco. Monaco has a special pact with France to prevent French citizens from avoiding taxation by domiciling in Monaco. There is a long-standing history with France and Monaco, including one that is still in effect whereby France is a protectorate for Monaco.