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Monaco Ville, Monaco 🇲🇨
#2123 ,

Nomad Score: 56%

Essentials

🏙️ City Monaco Ville is the historic heart of Monaco, known for its charming old town and stunning views of the Mediterranean.
👥 Population Approximately 38,000 residents, with a significant number of expatriates.
💻 Internet Speed Average internet speed is around 100 Mbps, with fiber connections readily available.
💸 Currency & Banking Currency is Euro (1 EUR ≈ 1.07 USD); banks like Société Générale and Monte Carlo Casino bank are widely available.
🚰 Tap Water Drinkable and safe.
🔌 Power 230V, 50Hz, 🔌 Type C/E sockets.
📶 SIM Card Providers include Monaco Telecom and Orange, with good coverage.
💳 Banking for Expats Expats commonly use banks like Crédit Agricole and HSBC.
🛌 Accommodation Options include luxurious hotels, Airbnb rentals, and serviced apartments.
💳 Cashless Friendly Yes, cards accepted widely, especially in restaurants and shops.
🏠 Short Term Rentals Available through services like Airbnb and Vrbo.
🛏️ Budget Accommodation Hostel Monte Carlo offers budget-friendly dorms and private rooms.
🏙️ Best Area to Stay for Tourists The Old Town is recommended for its historical sites and vibrant atmosphere.
🏙️ Best Area to Stay for Digital Nomads Areas near Port Hercule provide access to coworking spaces and amenities suited for long-term stays.

Working and Networking

🏢 Best Coworking Space New Monaco Coworking space offers modern facilities.
Best Cafe for Work Cafe de Paris Monte-Carlo is favored for its atmosphere and free Wi-Fi.
💼 Networking Events Events are often organized by Monaco Tech and other local agencies.
🥂 Social Events for Expats Join the Monaco Expat community on Facebook for meetups.

Transportation

🚕 Best Taxi/Ride App Uber is available and widely used for ride-hailing.
🚲 Bike/Scooter Rental Monaco has various bike rental services like Bike & Go.
🏖️ Best Beach Nearby Plage du Larvotto is the closest beach, roughly 10 minutes away.
✈️ Top Regional Airline Monaco doesn't have a regional airline; airports in Nice serve the area.
✈️ Top International Airline Nice Côte d'Azur Airport is the nearest major airport.
🛣️ Highway Access Access via A8 highway connecting to France.
🚉 Main Train/Transit Hub Monaco train station offers connections to Nice and beyond.
🚍 Public Transport Passes Monaco offers monthly bus passes through Compagnie des Autobus de Monaco.
✈️ Regional Travel Trains connect to nearby cities, with regular services to Nice and Ventimiglia.

Health and Wellness

🏥 Best Hospital Centre Hospitalier Princesse Grace is the main healthcare facility.
🧘 Yoga & Wellness Centers Yoga à Monaco offers various classes and wellness programs.
🏋️ Gyms & Fitness Centers Fitness First Monaco provides great gym facilities.
🧺 Laundry Services Laverie du Rocher offers laundromat services.

Food and Drink

📱 Best Food Delivery App Deliveroo operates widely, featuring local restaurants.
🍽️ Best Local Dish to Try Barbajuans, a deep-fried pastry filled with Swiss chard and ricotta.
🍱 Vegan/Vegetarian Options La Petite Cuisine offers a full vegetarian menu.
🍫 Best Dessert Spots Patisserie du Casino is famous for luxury pastries.
🛒 Affordable Shopping Spots Supermarket Carrefour near the train station is a good budget option.
🛒 E-commerce/Online Store Amazon and eBay are accessible for online shopping.
🛒 Grocery Delivery Monaco delivery services include yourlocalgrocer.mc.
🍸 Bar/Nightlife Area Owning a club or bar in Monte Carlo is common with high-end venues like Jimmy'z.
🍻 Local Brewery Monaco does not have a local brewery but French beers are popular.
🍷 Wine Bars Wine Palace Monaco, offers extensive wines for tasting.
🍲 Street Food Stalls Food stalls can be found in the Port Hercules area.
🍕 Popular International Cuisine Italian and French cuisines dominate the dining scene.

Culture and Attractions

🎟️ Must-See Landmarks Monte Carlo Casino and the Prince's Palace are must-visits.
🏛️ Museums & Art Venues The Oceanographic Museum of Monaco is a highlight.
🏰 Historical Sites The Palais Princier is a significant historical location.
🕍 Religious Sites Saint Nicholas Cathedral is an important place of worship.
🎉 Annual Events Formula 1 Grand Prix and Monte-Carlo Television Festival are key events.
🎨 Cultural Districts Monte Carlo features a rich cultural district around the casino.
🎭 Theater Venues The Opéra de Monte-Carlo offers various performances.
🛍️ Local Markets Marché de la Condamine is a local market to explore.
🎼 Music Scene Monte Carlo hosts various concerts and festivals throughout the year.
🎨 Street Art Street art is limited, but occasional exhibitions occur.
🧑‍🍳 Cooking Classes Cooking classes are available at the Fairmont Monte Carlo.
👩‍🎨 Art Galleries The Villa Paloma, part of the Nouveau Musée National de Monaco, showcases contemporary art.
🕰️ Historic Buildings Casino de Monte-Carlo is a remarkable architectural gem.
🏴 Local Heritage Monaco's royal family and Grimaldi heritage are vital to its identity.

Nature and Outdoor Activities

🌅 Nearby Nature Escapes The Japanese Garden in Monaco offers a scenic escape.
🏞️ National Parks Nearby Mercantour National Park is a short drive away, offering hiking trails.
🚲 Cycling/Walking Paths The coastal paths along the Mediterranean are popular for walks and cycling.
🌄 Scenic Viewpoints The viewpoint near the Prince's Palace provides stunning vistas.
🦉 Birdwatching Locations The coastal areas around Monaco are great for birdwatching.
🔥 Bonfire-Friendly Spots No bonfire-friendly spots in Monaco due to regulations.

Other Services and Amenities

📦 Parcel Delivery Service DHL and FedEx provide extensive delivery services.
🛠️ Tech Repair Services Monaco's electronics stores offer tech repair services.
🏓 Table Tennis Spots Local community centers sometimes have table-tennis facilities.
🧑‍🏫 Language Classes Language schools such as the International School of Monaco offer classes.
📚 Libraries & Study Spots The Bibliothèque Louis Notari is a good spot for studying.
🏘️ Community Centers The Monaco Cultural Center hosts community events.
🕹️ Gaming Lounges Few gaming lounges exist, but Monaco hosts regular esports events.
🎰 Casino & Gaming Halls Casino de Monte-Carlo is iconic for gambling and entertainment.

Business

🏢 Studio Purchase Price (City Center) Approx. €48,000 per m² (e.g., 40 m² = €1,920,000)
🏢 Studio Purchase Price (Outside City) Very limited options, typically around €40,000 per m².
🏠 1-Bedroom Purchase Price (City Center) Approx. €45,000 per m² (e.g., 60 m² = €2,700,000)
🏠 1-Bedroom Purchase Price (Outside City) Very limited, priced similarly to studios.
🏡 2-Bedroom Purchase Price (City Center) Approx. €42,000 per m² (e.g., 80 m² = €3,360,000)
🏡 2-Bedroom Purchase Price (Outside City) Similar to other markets, usually €35,000 per m².
💼 Corporate Tax 0% corporate tax for businesses in Monaco.
💵 Dividend Withholding Tax 0% on dividends for corporate shareholders.
🏦 Tax System No income tax for residents; a flat rate corporate tax may apply.
📈 Highest Income Tax Bracket 0% for residents.
🧾 VAT 20% on goods and services.
🌐 Controlled Foreign Company (CFC) Rules No strict CFC rules in place.
🏠 Property Tax No property tax in Monaco.
🏠 Property Transaction Tax 7.5% on property transactions.
💻 Attractive Tax System for Digital Nomads 0% tax on worldwide income and no capital gains tax.

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