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| French Riviera Local Reference INFOrmation
Handy guides for those doing business in the Principality. Essential reading if you're planning to trade in (or with) Monte Carlo or Monaco.
Business in MonacoMonaco has a flourishing economy with approximately 8,000 more jobs than residents.
Tax and BankingFor many years Monaco has benefited economically from its attitude towards tax and banking. The banking community has a strict code of confidentiality towards its clients. In 1869, Prince Charles III of Monaco ordered that revenue would not be taxed in Monaco, this remains true and taxation is very low in the Principality.
Conferences and EventsMonaco is a popular venue for conferences and meetings; the Principality has many venues. It is also host to a number of prestigious events and trade shows.
Société des Bains de Mer (SBM)Société des Bains de Mer Resort (SBM Monte-Carlo) was established in 1863 by Prince Charles III of Monaco. The Group's primary activity is the management of casinos and hotels in Monaco, with it owning the Principality's best hotels, casinos, and banks. These include Casino de Monte-Carlo, Cafe de Paris and Sun Casino, the Hotel de Paris, Hotel Hermitage, Piscine des Terrasses, Monte Carlo Beach Hotel and Monte-Carlo Sporting Club.
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