In the context of the offshore world, Monaco is something of an anomaly - not a tax haven in the usual sense of the world, yet the majority of its residents live in the Principality on a tax-free basis; not an offshore jurisdiction in the sense that the term is used in the tax-planning world, yet a splendid place from which to administer foreign offshore trusts and companies.

The term "foreign" offshore companies is used to emphasize the point that "shelf" or "ready-made" companies cannot be incorporated in the Principality but that entities from any other jurisdiction can be properly managed and controlled from Monaco.

• No exchange controls
• Secure and politically stable
• No income or capital gains tax for non-French, resident individuals.
• Foreign offshore companies, managed and administered by a fully authorised Monégasque management company, are not subject to Monégasque corporation tax.
• Only one double taxation agreement (France)
• No central registry of foreign offshore companies where searches of such companies can be conducted.
• Immediate company availability
• Excellent private bank network
• Political, economic and social stability