Monaco offers a superb place to do business, and as such offers a wide range of office space for rent across the principality. Of course, Monaco is also an appealing place to live and work, ensuring businesses that are based in Monaco are able to retract and retain the very best talent. Whether you are looking for an office space for rent for a small or large business, Monaco offers plenty of choice. Here’s everything you need to know about Monaco office space for rent.
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Monaco’s highly convenient location, excellent infrastructure, and favourable tax system makes Monaco a desirable place for businesses. As such, office space for rent in Monaco is always in high demand.
Indeed, Monaco is considered to be one of the most desirable places to live and work, boasting award-winning restaurants, lavish resorts, first-class amenities and service providers. With office space for rent across the principality, businesses are spoilt for choice when it comes to choosing where to be based.
Popular districts include Fontvieille, Monaco’s most southerly district, home to a wide range of businesses, from tourism to pharmaceuticals. For businesses looking to be based in the most exclusive part of Monaco, then plump for Carre D’Or in Monte-Carlo, home to some of the world’s most exclusive brands.
As you would expect in such a luxury destination, office space for rent in Monaco is designed for modern-day businesses, filled with a host of amenities, ensuring business operations are effortless.
Finally, Monaco’s excellent infrastructure ensures that businesses in Monaco can operate on a global scale, with Nice Airport just 30-minutes by car, or just minutes by helicopter. Monaco is also served by an excellent rail and bus service, making getting around seamless.
Monaco is politically and economically stable, making it a safe and secure place to do business. Of course, the principality’s multiple tax advantages, which includes no income tax, capital gains tax, or wealth tax, are also highly appealing.
Monaco’s government is keen to see the principality develop as a prominent business centre and therefore welcomes foreign investment, making it an easy place in which to set up and operate successfully. Additionally, with more than 2,000 residents that are millionaires, Monaco is also ideal for businesses who wish to target high net worth individuals.
The Monaco Civic Code defines how property in Monaco may be rented out, including Monaco office space. However, the law offers a great deal of flexibility, offering an opportunity for both the landlord and tenant to reach terms that are mutually agreeable. Deposits are typically the equivalent of three months’ rent and terms of a lease, including fixed lease terms, cannot exceed nine years. However, it is normal for leases to include an automatic renewal clause. An automatic renewal can easily be stopped by simply giving the required notice that you do not wish the lease to renew.
If you are looking for a Monaco office space for rent you’ll need the expert advice of a professional Monaco real estate agency. At La Costa Properties Monaco we have decades of experience and can help you find your ideal office space for rent in Monaco. Contact the team and let us help you with your search today.