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Guide
Essentials
🏙️ City | La Condamine is a district of Monaco, known for its vibrant markets and proximity to the harbor. |
👥 Population | Approx. 15,000 |
💻 Internet Speed | Approx. 100 Mbps |
💸 Currency & Banking | 1 EUR ≈ 1.07 USD, credit cards widely accepted. |
🚰 Tap Water | Drinkable |
🔌 Power | 230V, 50Hz, 🔌 Type C/E sockets |
📶 SIM Card | Orange, Monaco Telecom |
💳 Banking for Expats | Available services include Société Générale, BNP Paribas. |
🛌 Accommodation | Airbnb and extended-stay hotels are popular options. |
💳 Cashless Friendly | Yes, cards accepted widely |
🏠 Short Term Rentals | Airbnb options available from €100 per night. |
🛏️ Budget Accommodation | Hostel options are limited, with average prices around €50 per night. |
🏙️ Best Area to Stay for Tourists | Stay near the harbor or the Palais Princier for easy access. |
🏙️ Best Area to Stay for Digital Nomads | Central La Condamine offers good amenities and connectivity. |
Working and Networking
🏢 Best Coworking Space | Monaco Coworking at 2 Boulevard de la République |
☕ Best Cafe for Work | Cafe de Paris Monte-Carlo is a popular work-friendly spot. |
💼 Networking Events | Various tech meetups hosted in Monaco, check local listings. |
🥂 Social Events for Expats | Join Monaco Expats on Facebook for community events. |
Transportation
🚕 Best Taxi/Ride App | Uber is available in Monaco. |
🚲 Bike/Scooter Rental | Monaco Bike offers rentals throughout the city. |
🏖️ Best Beach Nearby | Larvotto Beach, about 15 minutes away on foot. |
✈️ Top Regional Airline | Monaco-Monte Carlo Helicopter provides quick transfers. |
✈️ Top International Airline | Nice Côte d'Azur Airport is the nearest major airport. |
🛣️ Highway Access | A8 Highway provides access to Nice and beyond. |
🚉 Main Train/Transit Hub | Monaco-Monte Carlo Station is the primary transit hub. |
🚍 Public Transport Passes | Monthly bus pass costs around €40. |
✈️ Regional Travel | Bus service connects to nearby cities like Nice and Menton. |
Health and Wellness
🏥 Best Hospital | Princess Grace Hospital Centre is the main healthcare facility. |
🧘 Yoga & Wellness Centers | Les Thermes Marins Monte-Carlo offers wellness services. |
🏋️ Gyms & Fitness Centers | Fitness First located in Fontvieille is popular. |
🧺 Laundry Services | La Lavanderie provides laundry services in La Condamine. |
Food and Drink
📱 Best Food Delivery App | UberEats and Deliveroo operate in the area. |
🍽️ Best Local Dish to Try | Socca, a local chickpea pancake. |
🍱 Vegan/Vegetarian Options | Stars'N'Bars offers various plant-based options. |
🍫 Best Dessert Spots | Pastry shops like Pâtisserie de Monaco are highly recommended. |
🛒 Affordable Shopping Spots | La Condamine Market offers fresh produce and local goods. |
🛒 E-commerce/Online Store | Amazon and local e-store options are available. |
🛒 Grocery Delivery | Monaco’s Carrefour offers delivery services. |
🍸 Bar/Nightlife Area | Monte Carlo offers a vibrant nightlife spread across several districts. |
🍻 Local Brewery | Monaco does not have its own brewery but offers a variety of imported beers. |
🍷 Wine Bars | Le Bar d'Eau is a popular wine bar in the area. |
🍲 Street Food Stalls | Les Halles de la Condamine is a great place for street food. |
🍕 Popular International Cuisine | Various options including Italian and Asian restaurants. |
Culture and Attractions
🎟️ Must-See Landmarks | Palais Princier and the Monte Carlo Casino. |
🏛️ Museums & Art Venues | Nouveau Musée National de Monaco features contemporary art. |
🏰 Historical Sites | St. Nicholas Cathedral is the historical heart of Monaco. |
🕍 Religious Sites | Monaco Cathedral is a notable site. |
🎉 Annual Events | Monaco Grand Prix held every May attracts global visitors. |
🎨 Cultural Districts | La Condamine hosts several local markets and events. |
🎭 Theater Venues | The Monte Carlo Opera hosts numerous performances. |
🛍️ Local Markets | La Condamine Market operates daily with fresh produce and local goods. |
🎼 Music Scene | Various live music events hosted at the Monte Carlo Jazz Club. |
🎨 Street Art | Limited, but some murals can be found throughout the city. |
🧑🍳 Cooking Classes | Culinary classes available at the Fairmont Monte Carlo. |
👩🎨 Art Galleries | Galerie des Beaux-Arts displays various local artists. |
🕰️ Historic Buildings | The Oceanographic Museum is a stunning historic site. |
🏴 Local Heritage | Monaco's royal family and history shape its rich culture. |
Nature and Outdoor Activities
🌅 Nearby Nature Escapes | Mont Agel offers hiking and scenic views. |
🏞️ National Parks Nearby | Parc National des Écrins is a drive away. |
🚲 Cycling/Walking Paths | Paths along the coast leading to Cap d'Ail. |
🌄 Scenic Viewpoints | Villa Paloma offers stunning views of Monaco. |
🦉 Birdwatching Locations | Marine State Park offers opportunities for aquatic birdwatching. |
🔥 Bonfire-Friendly Spots | Designated picnic areas in Mont Boron. |
Other Services and Amenities
📦 Parcel Delivery Service | DHL and UPS services available across Monaco. |
🛠️ Tech Repair Services | Various shops along Avenue Princess Grace offer technology repairs. |
🏓 Table Tennis Spots | Outdoor tables available near the port. |
🧑🏫 Language Classes | Alliance Française offers French classes for expats. |
📚 Libraries & Study Spots | Bibliothèque Louis Notari provides study areas. |
🏘️ Community Centers | Centre Culturel is a hub for community events. |
🕹️ Gaming Lounges | Limited options; most gaming occurs at home or cafes. |
🎰 Casino & Gaming Halls | Casino de Monte-Carlo is one of the world’s most famous casinos. |
Business
🏢 Studio Purchase Price (City Center) | Approx. €5,000 per m² (e.g., 40 m² = €200,000) |
🏢 Studio Purchase Price (Outside City) | Approx. €4,000 per m² (e.g., 40 m² = €160,000) |
🏠 1-Bedroom Purchase Price (City Center) | Approx. €4,800 per m² (e.g., 60 m² = €288,000) |
🏠 1-Bedroom Purchase Price (Outside City) | Approx. €3,600 per m² (e.g., 60 m² = €216,000) |
🏡 2-Bedroom Purchase Price (City Center) | Approx. €4,200 per m² (e.g., 80 m² = €336,000) |
🏡 2-Bedroom Purchase Price (Outside City) | Approx. €3,200 per m² (e.g., 80 m² = €256,000) |
💼 Corporate Tax | 0% |
💵 Dividend Withholding Tax | 0% |
🏦 Tax System | No personal income tax; favorable for expats. |
📈 Highest Income Tax Bracket | 0% |
🧾 VAT | 20% standard rate. |
🌐 Controlled Foreign Company (CFC) Rules | Yes, strict rules apply. |
🏠 Property Tax | No local property tax. |
🏠 Property Transaction Tax | 7.5% for property purchases. |
💻 Attractive Tax System for Digital Nomads | 0% tax on global income attracts many digital nomads. |