Monaco has an attractive tax regime for resident individuals. There is no income tax, so dividends and earnings are not subject to tax. It is less attractive for certain French nationals. Corporation tax is imposed on certain business activities and is charged at a 25%, (maintained at a similar rate to its French neighbor); however, a company whose turnover outside the principality does not exceed 25% of its turnover is exempt. So, in that case, a local restaurant would not be subject to a corporation tax. Monaco businesses are subject to a rigorous authorization process, but there are no specific restrictions on foreign investors. Advice should be taken depending on the specific circumstances.
