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        ABOUT MONACO

The Monegasque national economy is buoyant due to a variety of advantageous factors. Often misjudged, the economy of the Principality is not exclusively based on tourism and gambling, which represent less than 15% of the total revenue of the state.Monaco is home to many hi-tech, non-polluting industries. The banking and financial services industry is also high performing.

The Monegasque financial sector is the third largest employer and employs nearly 1,500 people. The financial sector is characterized by great diversification, with an emphasis on personal banking and financial products.

Bank deposits in Monaco exceed 11 billion Euros, of which half comes from non-residents.The Monegasque government actively combats money-laundering and numbered bank accounts are illegal. However, bank confidentiality is one of the main principals of Monegasque banking. Political risks are eliminated because of the geographical position and institutional stability of Monaco.

The Principality of Monaco is an ideal living and business environment for highly qualified professionals, offering a pleasant and prestigious life style, total security for oneself and ones' property, a socially and culturally diverse atmosphere, numerous education possibilities for children and technologically advanced health facilities.

FOR MORE DETAILED INFORMATION ABOUT MONACO, PLEASE VISIT:

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