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2. Principality of Monaco
Tax haven.
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Greek settlers founded in the 5th century, the foundation for today’s tax haven on the coast of France. Since February 25, 1489, the state is independent and attracts a lot of people. The principality is overall abounding on the 2.02-square-kilometer area with 17,889 inhabitants per square kilometer footprint. It’s amongst the most scenic places of Europe and way to Formula One Racing.
The fact that they are doing very well despite the social density, based on the control system of Monaco, exists no direct tax liability for individuals. Neither the income tax nor an inheritance tax is levied here. No wonder that this Manhattan is booming on the Mediterranean and still always attracts rich from around the world.
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