Max Verstappen is one of nine F1 pilots who will sleep in their own bed this weekend. They live in Monaco, because they don’t pay taxes there, of course. But there are other reasons to reside in Monaco. From 300 days of sunshine per year to four times more agents per inhabitant than in the UK.
The city of Monaco, located on the French Riviera, is known for its luxurious lifestyle and tax-friendly environment. Many wealthy individuals, including Formula 1 drivers like Max Verstappen, choose to make Monaco their home due to its favorable tax laws.
One of the main attractions of living in Monaco is the weather. With an average of 300 days of sunshine per year, residents can enjoy a Mediterranean climate with mild winters and warm summers. This makes Monaco an ideal location for those who enjoy outdoor activities and a relaxed lifestyle.
Another reason why F1 drivers prefer to live in Monaco is the abundance of luxury amenities and services. Monaco has a reputation for being a playground for the rich and famous, with high-end shops, restaurants, and entertainment venues. The city is also home to four times more agents per inhabitant than in the UK, making it a convenient place for individuals with demanding schedules like Formula 1 pilots.
In addition to the lifestyle benefits, living in Monaco also offers financial advantages for F1 drivers. The city-state has no income tax for residents, which means that individuals like Max Verstappen can keep more of their earnings compared to other countries with higher tax rates. This financial incentive, combined with the luxurious surroundings and favorable weather, makes Monaco an attractive destination for those in the Formula 1 community.
While Monaco is known for its glamorous image and high-profile residents, it also offers a sense of community and safety for its inhabitants. The city-state has a low crime rate and efficient public services, making it a secure place to live for individuals and families. F1 drivers who choose to make Monaco their home can enjoy peace of mind knowing that they are living in a well-protected and well-maintained environment.
Overall, Monaco provides a unique combination of lifestyle benefits, financial advantages, and safety for its residents, making it a popular choice for Formula 1 drivers like Max Verstappen. With its sunny weather, luxury amenities, and tax-friendly policies, Monaco offers a high standard of living for those seeking a comfortable and secure place to call home.