🇲🇨 Monaco vs 🇰🇾 Cayman Islands
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇲🇨 Monaco | 🇰🇾 Cayman Islands |
|---|---|---|
| Tax System | Zero Tax | Zero Tax |
| Income Tax (Foreign) | 0% | 0% |
| Capital Gains Tax | 0% | 0% |
| Corporate Tax | 25% (non-Monaco revenue) | 0% |
| Residency Requirement | €500k+ deposit | $145k/year income |
| Minimum Stay | None | None |
| Cost of Living | Very High ($8,000+/mo) | Very High ($5,000-8,000/mo) |
🇲🇨 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
🇰🇾 Cayman Islands
Highlights
- ✅Zero taxes
- ✅Major financial center
- ✅British legal system
- ✅Beautiful beaches
- ✅Safe and stable
Considerations
- ⚠️Very expensive
- ⚠️Small islands
- ⚠️Hurricane risk
Best For
- 👤High-net-worth
- 👤Finance professionals
- 👤Fund managers
Which Should You Choose?
Choose Monaco if: You prioritize zero personal income tax and ultra-safe. Ideal for ultra-high-net-worth, f1 enthusiasts, yacht owners.
Choose Cayman Islands if: You prioritize zero taxes and major financial center. Ideal for high-net-worth, finance professionals, fund managers.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.