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Ce sera l’une des mesures phares du plan pour l’attractivité de la Quel est le ressenti de cette communauté sur l’attractivité moné-
Principauté ? gasque ?
Exactement. Ce plan pour l’attractivité est dessiné pour attirer en Prin- Monaco est de plus en plus attractif mais il existe une concurrence
cipauté davantage d’investisseurs et de résidents actifs, notamment forte de Singapour, de la Suisse ou encore de Dubaï, dans le contexte
des personnes qui gèrent des fonds d’investissement. Il s’agit aussi de mondial que nous connaissons tous. Monaco fait partie des destinations
mobiliser la communauté de résidents et d’investisseurs locaux déjà prisées mais souvent notre proposition de valeur est mal comprise ou
implantés à Monaco comme décrit ci-dessous. Enfin nous souhaitons caricaturée. Il s’agit de faire mieux connaitre les exceptionnels atouts
faciliter la vie des acteurs économiques en simplifiant notre droit et de Monaco et de nous assurer que nos structures et notre encadrement
nos procédures pour générer de la croissance. concilient toujours la sécurité indispensable et l’attractivité nécessaire.

Frédéric Genta: “We Have a Large Community of IT Investors

in Monaco”

Country Chief Digital Officer Frédéric Genta is in charge of the Principality’s digital transition and
attractiveness. For him, the two go hand in hand, and Monaco is getting closer to being “a funding nation
of progress”.

To qualify the Administration, we often speak truth, digital affects all sectors of the economy
of a mammoth difficult to reform. Is it difficult because digital affects all customers. It is deeply
to digitize the public sector of a country? involved in our relationship to businesses, real
What conclusions do you draw from the action estate and even our finances. It is therefore not
taken over the past 5 years? surprising to see that the entire Monegasque
The user is at the heart of the concerns of the economy has begun this profound change.
State and the evolution of public policies. We This is confirmed by the allocations of the
aim for excellence in our Public Service, and it Blue Fund which concerns all sectors. For
is in this perspective that we rely on those who example, the entire real estate value chain is
make up the Monegasque Administration, i.e. concerned: architects, developers, construction
nearly 5,000 civil servants and State agents. companies, agents, etc. We have had many
The advantage of our size is that we can talk requests from commerce (e-commerce,
to them directly and make them more aware online to store), but also from finance to put
of the issues. in place the appropriate tools necessary for
In Monaco, the digital transformation of public teleworking or data security. Whatever the
services is based on people and the choice for sector of activity, three needs clearly emerge:
the user to interact with the State. Digital is the security and sovereignty of data linked to
not used to constrain but to provide a service the sovereign Cloud, commercial development
in addition to the human aspect embodied by for prospects and sales (websites, virtual visits
our physical Public Service. of apartments, etc.), and finally the increase
Frédéric Genta, Délégué Interministériel de la Transition Numérique in productivity (accounting software, human
Should the teams be on board? et de l’Attractivité / Country Chief Digital Officer resources, training of teams for telecommuting,
The most complex in the transformation is etc.). The interest is real: The Blue Fund has
the human aspect, not the technology. In How does this impact the state budget? financed 680 files and generated 400 jobs. One
this context, digital is above all a change In March 2018, the Principality had few government euro invested represents 8 euros of additional
in habits and relationships with others. We digital services. As said before, where there were turnover for companies. In addition to all that
have made the bet to invest in three pillars: 100 requests in physical channels, today there are this brings to the State in terms of ISB, VAT
digitalisation, training and inclusion. Each only 20. The digitized procedures save a lot of time and social charges. In summary, in addition
element of this triptych must be present for for civil servants and state agents by eliminating to being essential, digital transformation is
the transformation to take place. Without repetitive tasks and by allowing them to bring extremely profitable.
prior training or without inclusion throughout value to users through advice and exchanges.
the user’s life, we risk creating empty shells. Is there a will from the public authorities to
Our strategy is bearing fruit because more In the private sector, which sector do you push Proptech?
than 80% of procedures are now carried think is the most digitized? Exactly. In 2021, the Principality of Monaco
out online. First of all, we must remember a fundamental has decided to support the PropTech Global

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