For 3 years, the goal of the Strategic Council for Attractiveness (C.S.A) has been to propose analytical and prospective tools that are useful for assessment and economic forecasts, and to contribute to the debate on questions related to the economic development of Monaco, the increase in State revenues, and control of public spending and strategic directions.
In order to achieve this, five committees have been established, i.e.:
- Destination Monaco
- Qualité de Vie (Quality of Life)
- Immobilier (Real Estate)
- Monaco Capitale du Yachting (Monaco the Yachting Capital)
- Finances (Finance)
On 20 January, the President of the latter committee, Mr. A. Stent Torriani, drew up a report of the work started in order to increase or strengthen the attractiveness of Monaco for banks, management companies and family offices.
The Committee has taken on many subjects, including but not limited to:
- creation of a customs warehouse of significant size (now effective)
- designing of a personalised ‘VIP’ welcome kit, answering essential questions about the Monaco financial centre as well as other practical questions
- creation of a tax certificate that enhances the status of Monaco residents
- careful thought on the impact of the regulations on the financial centre’s attractiveness
- careful thought on the opportunity of leasing in Monaco (e.g. for yachts).
Mr. Torriani also emphasised the excellent collaboration with the AMAF, and praised its active role in the setting up of professional certification.
