🇪🇨 Ecuador vs 🇲🇨 Monaco
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇪🇨 Ecuador | 🇲🇨 Monaco |
|---|---|---|
| Tax System | Territorial (improving) | Zero Tax |
| Income Tax (Foreign) | 0% (foreign pension) | 0% |
| Capital Gains Tax | 0% (foreign) | 0% |
| Corporate Tax | 25% | 25% (non-Monaco revenue) |
| Residency Requirement | $1,400/mo pension | €500k+ deposit |
| Minimum Stay | None required | None |
| Cost of Living | Very Low ($1,000-1,800/mo) | Very High ($8,000+/mo) |
🇪🇨 Ecuador
Highlights
- ✅Dollar-based economy
- ✅Very low cost of living
- ✅Great climate options
- ✅Excellent retiree benefits
- ✅Beautiful landscapes
Considerations
- ⚠️Political instability
- ⚠️Limited banking
- ⚠️Infrastructure varies
Best For
- 👤Retirees
- 👤Budget-conscious
- 👤Nature lovers
🇲🇨 Monaco
Highlights
- ✅Zero personal income tax
- ✅Ultra-safe
- ✅Mediterranean climate
- ✅Prestigious address
- ✅EU border access
Considerations
- ⚠️Extremely expensive
- ⚠️Tiny country
- ⚠️Hard to get residency
Best For
- 👤Ultra-high-net-worth
- 👤F1 enthusiasts
- 👤Yacht owners
Which Should You Choose?
Choose Ecuador if: You prioritize dollar-based economy and very low cost of living. Ideal for retirees, budget-conscious, nature lovers.
Choose Monaco if: You prioritize zero personal income tax and ultra-safe. Ideal for ultra-high-net-worth, f1 enthusiasts, yacht owners.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.