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The Principality of Monaco, An Attractive Banking Centre

Situated at the heart of Europe on the shores of the Mediterranean, the Principality of Monaco, an independent, sovereign State, occupies a privileged position in the international context.

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In the course of decades, the Principality has risen to the forefront among financial centres. Its strengths have appealed to the foremost private investors, making it an exceptional place to live:

  • a strategic, easily-accessed geographical location on the Northern Mediterranean shore through Nice International airport

  • Political and regulatory stability

  • security of persons and property

  • the stringency, reputation and dynamism of Monaco as a banking centre:

    - Monaco's Government is entirely dedicated to combating crime, including terrorism and money laundering,
    - Continuous effort by local institutions to maintain a high level of competence.
     

Prestigious Events
Furthermore, the Principality of Monaco is internationally renowned for holding prestigious events in the arts and the sports world, such as:
 

  • the Printemps des Arts, the Formula 1 Grand Prix, and the Monte Carlo Tennis Open of which the BNP Paribas group has been an official partner since 2005

  • The hosting of exhibitions and conventions where professionals from around the world meet and develop their activities (Monaco Yacht Show, salons Imagina and Sportel, Festival de Télévision de Monte-Carlo, ...).


Monaco's Key Figures 2017

  • 38,300 inhabitants including 24% Monegasques
  • Residents of 125 nationalities officially recorded
  • Labour force: 54,303
  • Private-sector gross revenue: EUR 15.2 billion, of which 11% earned by the banking sector
  • Over EUR 113.8 billion in assets under management
  • 31 Banks, 60 management companies
  • 202 hectares

    Source : IMSEE 12/2017