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Wow this place sounds like paradise....

Discussion in 'BlackHat Lounge' started by fuzzy_corleone, May 27, 2012.

  1. fuzzy_corleone

    fuzzy_corleone Regular Member

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    http://en.wikipedia.org/wiki/Monaco

    "The state has no income tax and low business taxes, and is well known for being a tax haven.[28] Monaco boasts the world's highest GDP nominal per capita at $172,676 and GDP PPP per capita at $186,175.[29][30] Monaco also has the world's highest life expectancy at almost 90 years,[31] and the lowest unemployment rate at 0%,[32] with over 48,000 workers who commute from France and Italy each day."

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  2. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    It is, if you can afford it.
     
  3. tony23

    tony23 Regular Member

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    Yeah, i went there, nothing special...plenty of tax havens around.
     
  4. krishnaverma

    krishnaverma Power Member

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    I think I should migrate to this country soon. BTW, it will be my first year to pay taxes here in my country.
     
  5. Aty

    Aty Jr. VIP Jr. VIP

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    It is heaven from almost any point of view if you have lot of money. if you're not earning 10k+ per month then forget it. Monaco is full of rich guys with Ferraris, Lambos, and other 100k+ cars.
     
  6. MadMX

    MadMX Regular Member

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    If you're interested in not being surrounded by average people, but only by rich people, then it's indeed a paradise. But of course it costs a hell lot of money.
     
  7. fuzzy_corleone

    fuzzy_corleone Regular Member

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    Are there people making alot of money from IM living in one of these tax havens?

    I guess they're too busy banging hot models to spend time on some internet forum.
     
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  8. KevinA

    KevinA Regular Member

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    I would loved to have been there yesterday for the Grand Prix ... not to mention the sunshine and nice cars!
     
  9. Zuckerberg

    Zuckerberg Regular Member

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    Watch Piers Morgan Monte Carlo, gives you an insight into the millionaire / billionaires lives :).
     
  10. Scripteen

    Scripteen Elite Member

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    Enough dreaming. Get back to reality.

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  11. mukeshranahh

    mukeshranahh BANNED BANNED

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    oh yes
     
  12. Roparadise

    Roparadise BANNED BANNED

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    Id recommend living in Monaco if a person is making at least $20,000 a month or more. Just a small studio apartment is going to be around $3400 a month.
     
  13. orzyman

    orzyman Senior Member

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    in your mind
    it is sure a heaven-like place but it can be very expensive to live there because rich people looking for low tax hence the high standard of living.
     
  14. fuzzy_corleone

    fuzzy_corleone Regular Member

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  15. sonobby1

    sonobby1 Regular Member

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    Believe it or not its actually cheap for the normal tourist. We went there a few years ago for a day (we were in South france for a holiday) and things like sandwiches, soft drinks etc were fairly reasonable. But yes its mega rich and those Yachts OMG. Even though its a few years ago, I still remember the biggest, Lady Moura when we were there. Owned by a rich Saudi guy. I wish I had of been there also for yesterdays grand prix
     
  16. fuzzy_corleone

    fuzzy_corleone Regular Member

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    Thinking about this place has greatly motivated me......Brazil too:

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  17. bigbong

    bigbong Jr. VIP Jr. VIP Premium Member

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    It isn't worth it for anything less than 20k. Even a basic two bedroom apartment here will set you back 5k per month. I look at my rent as my "tax" but if you have an income of 10k, that suddenly is a 50% "tax". Granted you get a basic flat for free, but it is still not worth it... If you make enough though, it is absolutely paradise. Not only are there no taxes, you don't even have to file a tax return...

    If anyone do decide to move to Monaco, drop me a PM if you want advice on banks (you need a local bank to give you a reference for your residence permit), real estate agents etc etc.