🇲🇨 Monaco vs 🇷🇸 Serbia
Complete Tax Residency Comparison for Digital Nomads & Entrepreneurs
Quick Comparison
| Factor | 🇲🇨 Monaco | 🇷🇸 Serbia |
|---|---|---|
| Tax System | Zero Tax | Flat Tax |
| Income Tax (Foreign) | 0% | 10-15% |
| Capital Gains Tax | 0% | 15% |
| Corporate Tax | 25% (non-Monaco revenue) | 15% |
| Residency Requirement | €500k+ deposit | Easy temporary residency |
| Minimum Stay | None | 183 days |
| Cost of Living | Very High ($8,000+/mo) | Very Low ($900-1,700/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
🇷🇸 Serbia
Highlights
- ✅Low flat taxes
- ✅Easy residency
- ✅Very low cost of living
- ✅Friendly people
- ✅Growing startup scene
Considerations
- ⚠️Not EU (yet)
- ⚠️Visa-free limited
- ⚠️Some bureaucracy
Best For
- 👤Balkan base
- 👤Budget-conscious
- 👤EU aspirants
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 Serbia if: You prioritize low flat taxes and easy residency. Ideal for balkan base, budget-conscious, eu aspirants.
Not Sure Which is Right for You?
Take our free eligibility assessment to see which tax residency program fits your situation.