MONACO MAGIC AND MAJESTY

The sovereign principality on the French Riviera has never been a more vibrant and glittering attraction...

By SI SI PENALOZA

Simply put, Monaco exudes prestige — from the nine-figure superyachts to discreet banking venues that feel more like a country club than the usual three-tellers-andan-ATM we see Stateside. Here in the second smallest sovereign state after the Vatican, citizens enjoy a zero income-tax policy, a rather attractive fiscal climate for the world’s wealthiest global citizens. Real estate is a realm unto itself, quite literally, as most prized properties transfer either dynastically or between aristocrats. Natives still speak the Monégasque dialect, which sounds like a soulful blend of French and Italian. The 200-hectare principality feels so consummately vetted, it has reigned as the de facto VIP suite of Europe for generations. What Monaco lacks in size it more than makes up for in sheer power in the global property market. Lying within…

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MAXIM New Zealand (Digital) - 1 Issue, March 2022

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