The Monegasque national economy is
buoyant due to a variety of
advantageous factors. Often misjudged, the economy of the
Principality is not exclusively based on tourism and gambling, which
represent less than 15% of the total revenue of the
state.Monaco is home to many hi-tech, non-polluting industries. The
banking and financial services industry is also high
performing.
The Monegasque
financial sector is the third largest employer and employs nearly
1,500 people. The financial sector is characterized by great
diversification, with an emphasis on personal banking and financial
products.
Bank deposits in
Monaco exceed 11 billion Euros, of which half comes from
non-residents.The Monegasque government actively combats
money-laundering and numbered bank accounts are illegal. However,
bank confidentiality is one of the main principals of Monegasque
banking. Political risks are eliminated because of the geographical
position and institutional stability of Monaco.
The Principality of Monaco is an ideal living
and business environment for highly qualified professionals,
offering a pleasant and prestigious life style, total security for
oneself and ones' property, a socially and culturally diverse
atmosphere, numerous education possibilities for children and
technologically advanced health facilities.