🇲🇨 Monaco vs 🇯🇪 Channel Islands
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇲🇨 Monaco | 🇯🇪 Channel Islands |
|---|---|---|
| Tax System | Zero Tax | Low Tax |
| Income Tax (Foreign) | 0% | 20% flat |
| Capital Gains Tax | 0% | 0% |
| Corporate Tax | 25% (non-Monaco revenue) | 0-10% |
| Residency Requirement | €500k+ deposit | High-value resident status |
| Minimum Stay | None | Varies by island |
| Cost of Living | Very High ($8,000+/mo) | High ($3,000-5,000/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
🇯🇪 Channel Islands
Highlights
- ✅Low flat tax rate
- ✅Zero capital gains
- ✅British legal system
- ✅Near UK/France
- ✅Financial services hub
Considerations
- ⚠️Expensive property
- ⚠️Small islands
- ⚠️Weather
Best For
- 👤Finance professionals
- 👤UK alternatives
- 👤Offshore planning
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 Channel Islands if: You prioritize low flat tax rate and zero capital gains. Ideal for finance professionals, uk alternatives, offshore planning.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.