The Principality of Monaco, renowned for its political stability, advantageous tax system and exceptional living environment, continues to extend its economic influence internationally.
Thanks to strategic economic missions to London and Athens, the Principality continues to promote its attractiveness to foreign investors. The Association Monégasque des Activités Financières (AMAF) took an active part in these actions, presenting the expertise of the Monegasque financial centre, demonstrating once again the importance of Monaco as an international financial centre.
Economic mission to London: AMAF leads the way
From 10 to 12 June, under the aegis of H.E. Mrs Evelyne Genta, Monaco's Ambassador to London, the Monaco Economic Board (MEB) led a major economic mission to the British capital. 62 Monegasque decision-makers representing 44 economic entities took part in this event. The main aim of this mission was to strengthen business relations between Monaco and London, but also to highlight the Principality's specific assets, both as an investment destination and as a living environment for international entrepreneurs.
On 12 June, more than 60 British contacts from the financial sector, including legal advisors, family offices, tax specialists, chartered accountants and bankers, attended a detailed presentation on the advantages of Monaco as an international financial centre at the Royal Thames Yacht Club in Knightsbridge.
The presentation was given by Alejandro Velez, AMAF International Promotion Adviser and CEO of UBS Monaco.
AMAF's presentation: demonstrating Monaco's financial strengths
In his speech, Alejandro Velez highlighted the Principality's stability and numerous tax advantages, attracting the attention of participants. With the UK's ‘Non Dom’ tax regime, which allowed residents to pay tax only on UK-source income, about to be abolished, London investors were particularly receptive to the alternatives offered by Monaco. The AMAF presentation emphasised that Monaco, with its favourable tax environment, quality of life, security and attractive legislative framework, represents a real opportunity for investors wishing to relocate or diversify their investments.
Economic mission to Athens: the AMAF opens up new prospects
As part of its ongoing international promotional activities, the AMAF also took part in a trade mission to Greece on 9 and 10 July. The delegation, led by Frédéric Genta, Interministerial Delegate for Attractiveness and Digital Transition, aimed to strengthen ties between Monaco and Greece, a country with which the Principality shares deep historical and economic ties.
The AMAF, represented by Nicolas Feit, Chairman of the Commission de Promotion de la Place and CEO of Société Générale Monaco, took an active part in discussions with influential figures in the Greek economy. These meetings, organised by the Honorary Consul of Monaco in Greece, Dr Vassili Apostolopoulos, provided an opportunity to highlight the many investment opportunities offered by Monaco, particularly in the yachting, tourism and real estate sectors. Emphasis was also placed on the opportunities for mutual collaboration between Greece and Monaco, two nations that share common values in terms of sustainable development and economic growth.
A focus on Monaco's financial attractiveness
During this mission, the AMAF once again played a key role in presenting Monaco's financial expertise and advantages to Greek investors wishing to diversify their portfolios. Thanks to its unique tax framework, wide range of financial skills and secure environment, Monaco appears to be a destination of choice for Greek entrepreneurs looking to expand internationally. The meetings organised in Athens helped to strengthen Monaco's reputation as a stable and attractive financial centre.
AMAF, a pillar of Monaco's attractiveness strategy
These two missions are a perfect illustration of the essential role played by the AMAF in promoting the Principality internationally and, in particular, its financial expertise. During their presentations, AMAF representatives, eminent professionals from the financial centre, illustrated the financial expertise offered by Monaco. Far from resting on its laurels, the Principality continues to strengthen its competitiveness by adapting its financial offering to the needs of international investors.
The success of these missions in London and Athens testifies to the importance of collaboration between the public and private sectors in promoting Monaco's economic interests abroad. Thanks to players such as the AMAF, the Principality of Monaco is continuing its ascent as a leading international financial centre, attracting more and more investors wishing to benefit from its expertise, long-term stability and exceptional setting.
