With regard to a comfortable life, and general feelings of self-sufficiency, living in the Principality of Monaco will be comfortable with an annual income of 500 or more thousand euros.
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In order to become a resident, applicants must rent or purchase a property here, and deposit and maintain at least 500,000 euros into a bank registered in Monaco.
Monaco has an excellent healthcare system and a low crime rate, making it a safe and healthy environment to live in. Another plus for Monaco Permanent Residency is the tax advantages. Monaco is a tax haven, with no income tax, capital gains tax, or wealth tax.
Pro: The average lifespan for Monaco residents is 90 years, the highest ITW. Con: People stick around a long time: most densely populated country ITW. Pro: Monaco has the highest rate of millionaires/billionaires per capita ITW. Con: Not being part of that statistic.