Page 55 - Monaco Economy 131

MEB: Mission to Attract Nom-doms in London

By Milena Radoman
After Riyadh, London. The Monaco Economic Board took 62 Monegasque entrepreneurs to the
capital city of England.

© CV_MonacoMatin

62 decision-makers from the Principality offices, tax specialists, chartered accountants coworking space dedicated to innovation and
representing 44 companies made the trip and bankers. The Monaco Association for entrepreneurship. Another visit was to the
to London. The aim of this latest economic Financial Activities (AMAF), represented Royal Automobile Club, with a presentation by
mission organised by the MEB was to make by Vice-President Alejandro Velez, gave a Patrick Armstrong, Chief Investment Officer
new contacts and boost their businesses comprehensive presentation of the Monaco of Plurimi, a company based in London and
through the combined efforts of Monaco's financial centre, while CMS highlighted the Monaco that offers a market prediction system
ambassador Evelyne Genta and the London virtues of Monegasque legislation. This is based on artificial intelligence. Despite the
Chamber of Commerce and Industry. The aim why Justin Highman and Guillaume Rose, migration of jobs from the City to continental
was above all to promote "the Principality as respectively Deputy Managing Director and Europe since Brexit, London's financial strength
a place for investors" according to the MEB. Executive Managing Director of MEB, also "continues to thrive, particularly due to the 73
After Riyadh in Saudi Arabia and Casablanca attended the Monaco Private Label dinner free trade agreements signed with various
in Morocco, Monegasque entrepreneurs made alongside Frédéric Genta and Chloé Leclercq countries, the agreement with the European
visited the banks of the Thames to attract Boscagli. This exclusive meal with HNWIs Union and the forthcoming integration into the
non-doms - wealthy people who benefit from was the perfect opportunity to talk about Comprehensive and Progressive Agreement for
the title of British resident without being the advantages of the Principality's political Trans-Pacific Partnership (CPTPP)", says Jo
domiciled in England, which means they are stability and low tax rate, while reassuring Hawley, Deputy Trade Commissioner Europe
not taxed on their income earned outside the them about the effects of any possible and Country Director for Business and Trade in
UK... This tax regime is due to be abolished inclusion on the FATF grey list... The aim France at the British Embassy in Paris. London
in April 2025, and the Monegasque lawyers, of the meal, organised by the Government's remains a key location for fintech and, more
bankers and advisers present were keen Attractiveness Unit and Monaco Private Label, broadly, a hub for new technologies. According
to show that "the Principality is an option was to "convince around thirty entrepreneurs to Jo Hawley, all these characteristics are likely
for some UK residents to be resident and and investors interested in the Principality to be of interest to Monegasque companies:
have investments due to advantages such move there and create new value". "After the United States and China, the UK is the
as the quality of life, low taxation, plus country that has the highest number of 'unicorn'
security and stability". At the initiative of 140 unicorn start-ups in the UK startups - 140 to date, valued at over £1,000
Evelyne Genta, Monegasque entrepreneurs Other highlights of this 48-hour mission billion. Artificial intelligence, cybersecurity,
met at the Royal Thames Yacht Club in included meetings at the London School semiconductors, clean energies such as
Knightsbridge with around sixty financial of Economics and Political Science (LSE) hydrogen and even quantum technologies are
contacts, including legal advisers, family to listen to managers of LSE Generate, a among our priorities. »

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