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  • Maxim

    MONACO MAGIC AND MAJESTY

    Oct 14, 2021 4 minutes
    Text by SI SI PENALOZA
    Photography by
    MIKE JONES

    Simply put, Monaco exudes prestige—from the nine-figure superyachts to discreet banking venues that feel more like a country club than the usual three-tellers-and-an-ATM we see Stateside. Here in the second smallest sovereign state after the Vatican, citizens enjoy a zero income-tax policy, a rather attractive fiscal climate for the world’s wealthiest global citizens. Real estate is a realm unto itself, quite literally, as most prized properties transfer either dynastically or between aristocrats. Natives still speak the Monégasque dialect, which sounds like a soulful blend of French and Italian. The 200-hectare principality feels so consummately vetted, it has reigned as the de facto VIP suite of Europe for generations.

    What Monaco lacks

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