The entrepreneurial spirit of Monaco at a glance:
- a multicultural environment
- highly-developed luxury sector
- a unique political and economic environment
- many start-ups
- the Government of Monaco strongly encourages entrepreneurship, innovation and sustainability
The Monaco business environment develops successful and thoughtful leaders and entrepreneurs. Students and professionals from all over the world are given the opportunity to network and share ideas in a multicultural environment. Among the many aspects which make Monaco a strategic location for doing business in Europe are its unique political and economic environment, its strong infrastructure, the high density of financial activities, and security for residents.
The Government of Monaco strongly encourages entrepreneurship, innovation, and sustainability what frequently makes the Principality be a final choice for many entrepreneurs when looking for a place to start a business. The luxury sector is not an exception — in order to have access to UHNW clients many companies open their offices here.
Contrary to what one may think, revenues from the Monaco Casino only represent around 5% of the Principality’s GDP!