Monaco Times

Formula One Driver Residency Patterns Highlight Monaco’s Tax Appeal

Financial commentators noted that more than half of the current Formula One grid resides in Monaco, reflecting the Principality’s longstanding attractiveness for high-income international athletes and entrepreneurs.

Monaco Foundation Expands Global Ocean Conservation Funding

The Prince Albert II of Monaco Foundation announced a new round of grants for marine biodiversity and climate resilience projects, extending the Principality’s international environmental initiatives.

Monaco Relies on Cross-Border Workforce to Sustain Luxury Economy

Transport authorities continue working to improve rail and road links supporting the daily movement of thousands of workers from neighboring France and Italy into Monaco’s hospitality and services sectors.

Private Jet Traffic Surges at Nice Airport Ahead of French Riviera Summer Season

Operators at Nice Côte d'Azur Airport reported heavy private aviation activity linked to the Monaco Grand Prix, marking the start of the peak summer tourism and yachting period along the French Riviera.

Jimmy’z Monte-Carlo Benefits From Influx of Formula One Visitors

The renowned nightlife venue expanded its entertainment program during race week as celebrities, athletes and wealthy international guests arrived in Monaco for the Grand Prix.

Luxury Marine Brands Use Monaco Grand Prix to Showcase New Vessels

Boat manufacturers including SACS Tecnorib are using the concentration of affluent visitors during Grand Prix week to present new models directly to prospective buyers.

Top Marques Monaco Adds Luxury Tuners Hall as Demand for Bespoke Supercars Grows

Organizers of the luxury automotive exhibition are launching a dedicated space for specialist customization firms as wealthy collectors seek increasingly personalized high-performance vehicles.

Monaco Hospitality Group Retains 10 Michelin Stars Across Luxury Resort Portfolio

Monte-Carlo Société des Bains de Mer maintained 10 Michelin stars across its restaurants, reinforcing Monaco’s standing as one of the world’s leading destinations for luxury dining.

Banque Richelieu Monaco Upgrades Banking Platform to Support International Expansion

The private bank has adopted a new core technology system designed to enhance portfolio management capabilities and support growth among international clients and family offices.

Monaco Strengthens Anti-Money Laundering Controls to Protect Banking Reputation

Authorities in the Principality have expanded compliance and due-diligence requirements across private banking and wealth management activities as part of ongoing efforts to maintain international financial standards.

European Wealth Migration Continues to Support Monaco’s Financial Sector

Private bankers and advisers reported sustained interest from European and Middle Eastern family offices seeking residency and investment opportunities in Monaco amid broader geopolitical and regulatory uncertainty.

Prince Albert II Strengthens Monaco-Spain Ties During Official Madrid Visit

Prince Albert II and Princess Charlene concluded a diplomatic visit to Spain that included meetings with King Felipe VI and Pedro Sánchez, marking 150 years of bilateral relations and advancing cooperation on marine conservation initiati...

Liberty Media Reshapes Monaco Grand Prix Commercial Model With Higher Hosting Fees

Formula One owner Liberty Media has revised the commercial structure of the Monaco Grand Prix, introducing a higher annual hosting fee while integrating the event more closely with global sponsorship arrangements.

Monaco Property Market Remains Resilient Despite Global Economic Headwinds

New research from Sotheby’s International Realty and Savills indicates that demand from ultra-high-net-worth buyers continues to support record valuations across Monaco’s prime residential districts, including Monte Carlo, Larvotto and F...

Monaco Grand Prix Attracts More Than 200 Superyachts to Port Hercule

Prime berths overlooking the circuit were fully occupied by more than 200 superyachts during race week, highlighting the event’s importance to Monaco’s maritime economy and luxury charter industry.

Kimi Antonelli Takes Monaco Grand Prix Pole as Formula One Weekend Fuels Luxury Spending Surge

Mercedes driver Kimi Antonelli secured pole position for the Monaco Grand Prix ahead of Max Verstappen, capping a qualifying session that coincided with exceptional demand across Monaco’s hospitality, yachting and luxury tourism sectors.

Saint-Tropez Hotels and Beach Clubs Near Full Capacity Ahead of Summer Music Celebrations

Hospitality operators across Saint-Tropez report exceptionally strong bookings before the annual Fête de la Musique, with international visitors filling luxury accommodations and premium beach venues for the summer solstice festivities.

Orient Express Unveils Mediterranean Superyacht Cruises With Saint-Tropez Stops

Orient Express has announced new luxury yacht itineraries for June featuring calls in Saint-Tropez, offering guests curated cultural experiences, vineyard visits and access to renowned Mediterranean destinations.

Fractional Ownership Gains Popularity Among French Riviera Property Buyers

International investors are increasingly purchasing fractional stakes in luxury villas in Saint-Tropez and Cap d’Antibes, seeking access to premium real estate while remaining below French wealth tax thresholds.

Luxury Villas Near Cannes See Strong Corporate Demand Ahead of Cannes Lions Festival

Property managers across the French Riviera report growing demand for high-end villas as multinational advertising and technology companies secure private executive bases ahead of the Cannes Lions International Festival of Creativity.

Monaco Launches European Democracy Hackathon During Council of Europe Presidency

As holder of the presidency of the Council of Europe Committee of Ministers, Monaco has launched a multinational technology hackathon focused on countering online disinformation and strengthening democratic institutions across Europe.

Prince Albert II Foundation Launches Sustainability Scholarships During Madrid Visit

The Prince Albert II Foundation marked the tenth anniversary of its Spanish branch by introducing a scholarship program at IE University to support students working on marine conservation and environmental innovation.

Monaco Energy Boat Challenge Draws Record International Participation

The Yacht Club de Monaco has confirmed a record 56 teams from 22 countries for July’s Monaco Energy Boat Challenge, an event focused on advancing zero-emission marine propulsion technologies.

Monaco Jewelry Exhibition to Bring More Than 50 Global Luxury Brands to Monte Carlo

The Unique Show will gather over 50 international jewelry houses at Le Méridien Beach Plaza shortly after the Grand Prix, connecting designers with private collectors, royal families and affluent buyers.

Monaco Grand Prix Superyacht Hospitality Sells Out for Nineteenth Consecutive Event

Luxury hospitality provider My Yacht Group reported full bookings for its trackside superyacht experience at Port Hercules during the Monaco Grand Prix, catering to corporate executives, royalty and wealthy international guests.

Nice Airport Completes Luxury Retail Expansion Ahead of Peak Riviera Travel Season

Nice Côte d’Azur Airport has finished an 18-month redevelopment of its retail areas, introducing new luxury brands and premium shopping concepts aimed at affluent travellers visiting Monaco and the French Riviera.

Lombard Odier Advises Wealthy Investors to Focus on After-Tax Returns During Market Volatility

Private bank Lombard Odier has urged high-net-worth clients and family offices to prioritize net returns after taxes and fees and to manage leverage and asset allocation carefully during periods of heightened market uncertainty.

BNP Paribas Expands Wealth Management Business With HSBC Germany Acquisition

BNP Paribas has completed the acquisition of HSBC’s private banking operations in Germany, increasing combined assets under management to nearly €50 billion and strengthening its European wealth management platform.

FundForum 2026 to Bring Global Wealth Management Leaders to Monte Carlo

More than 1,500 executives from private banks, asset managers and family offices are expected to attend FundForum 2026 at the Grimaldi Forum, reinforcing Monaco’s position as a leading centre for international wealth management.

Sotheby’s Report Highlights Continued Demand for Monaco Luxury Property

A new luxury market report from Sotheby’s International Realty found that Monaco’s prime real estate sector continues to attract strong international demand from wealthy buyers seeking stability in a low-supply and highly regulated market.

Monaco Real Estate Transactions Hold Steady at €5.9 Billion

Monaco’s statistics agency reported nearly 500 residential property transactions over the past year, generating €5.9 billion in sales and resales and underscoring continued strength in the Principality’s tightly constrained luxury housin...

Prince Albert II Concludes Madrid Visit Marking 150 Years of Monaco-Spain Relations

Prince Albert II and Princess Charlene met Spanish Prime Minister Pedro Sánchez in Madrid during an official visit commemorating 150 years of diplomatic relations and promoting cooperation on climate and ocean conservation initiatives.

Monaco Adopts New Anti-Corruption Strategy Covering Senior Government Institutions

The Principality has enacted a 2026–2028 anti-corruption framework that expands ethics and oversight measures to senior officials within the justice system and the Prince’s Palace in line with recommendations from the Council of Europe.

Japan’s Bombardier Global 8000 Sets Speed Record on Flight to Monaco Grand Prix

Bombardier said its new Global 8000 business jet completed a record-setting flight from Montreal to Nice Côte d’Azur Airport in just over six hours at Mach 0.95 while carrying passengers to the Monaco Grand Prix, highlighting the aircraf...

Ferrari Team Principal Frédéric Vasseur Misses Monaco Qualifying After Hospital Observation

Scuderia Ferrari said Team Principal Frédéric Vasseur was admitted to a local medical facility for observation and was unable to attend qualifying sessions during one of the most strategically important weekends of the Formula One season.

Kimi Antonelli Takes Monaco Grand Prix Pole Position Ahead of Max Verstappen

Nineteen-year-old Mercedes driver Kimi Antonelli secured pole position for the Monaco Grand Prix with a lap of 1 minute 12.05 seconds, edging Red Bull’s Max Verstappen by just four hundredths of a second to gain a crucial advantage on Fo...

Monaco Grand Prix Visitor Surge Puts Pressure on Riviera Transport Networks

Transport authorities introduced additional services between Nice and Monaco as around 200,000 visitors travelled to the region, underscoring the logistical demands created by one of the world’s most prestigious sporting events.

VIP Monaco Grand Prix Packages Sell Out Amid Strong Global Demand

Race organisers and luxury hospitality providers reported that premium viewing locations and exclusive hospitality packages were fully booked well before the event, reflecting continued demand for elite motorsport experiences.

Monaco Grand Prix Date Change Reshapes French Riviera Tourism Calendar

The move of the Monaco Grand Prix to June has removed its scheduling conflict with the Cannes Film Festival, allowing hotels, restaurants and yacht operators across the Riviera to benefit from two separate peak-demand events.

Artificial Intelligence Film Festival Explores Technology’s Impact on Cinema

Filmmakers, technology companies and luxury brands are convening in Monaco to examine how artificial intelligence is reshaping film production and creative industries.

Monte Carlo Selected for European Digital Finance Research Summit

Academics, central bankers and blockchain specialists will gather in Monaco to discuss tokenisation, smart contracts and the future role of digital technologies in financial markets.

Demand for Monaco’s Ultra-Prime Homes Remains Strong Despite Global Uncertainty

According to Sotheby’s International Realty, limited supply and continued inflows of international wealth are supporting rapid sales of the principality’s most exclusive residential properties.

Monaco Tightens Compliance Standards for Expanding Fintech Sector

Financial regulators have introduced stricter data protection and transaction monitoring requirements as digital finance and technology services play a larger role within Monaco’s banking sector.

Monte-Carlo Television Festival Prepares to Welcome Global Media Industry Leaders

The 65th Monte-Carlo Television Festival will bring together broadcasters, streaming platforms and production companies to examine changing media trends and compete for the Golden Nymph awards.