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Date: 11/30/2004
Monaco in a Nutshell
Date: 03/09/2006In 1870, Monaco abolished all forms of personal income tax, and lived off casino revenues. Not today, though.
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How to buy into one of Europe's most expensive tax havens at a huge discount-the back-door route to owning in Monaco
Date: 11/30/2004
Thanks to a glamorous casino and a personal income tax rate of 0%, Monaco has become one of the world's most expensive property markets. Apartments in prime locations cost $1,869 to $2,243 per square foot, and even at these prices supply is scarce. But even if you have only a few thousand dollars to invest, there is a way to claim a stake in this thriving city-state, to invest in its real estate market at prices last seen decades ago.
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