Income tax deducted-at-source in 2018

The main characteristics of the ‘deduction-at-source’ system have just been revealed and further details have come to such: this new reform will be included in the 2017 Finance Act. The ‘deduction-at-source’ of income tax will concern almost all French citizens (employees, retired, persons with income replacement benefits like unemployment benefits…).Read more

Compagnie Monégasque de Banque wins second major award in 2016

Compagnie Monégasque de Banque (CMB) has achieved its second triumph of the year. The European magazine, in collaboration with the Thomson Reuters Group, has honoured the private bank with the title of Best Customer Service Bank in Monaco at the 2016 The European Global Banking & Finance Awards. Read more

Choosing health insurance for your family

Lifestyle and cultural differences can be very different from one country to the next. The same applies to insurance between your home and host counties. No matter whether you have emigrated or are planning a long-term stay abroad, your existing insurance cover will usually not accompany you on the trip. Without consultation, having to find cover in a different country that can have very different policies to those that you are accustomed to can be virtually impossible.Read more

Delta celebrates 25 years of Nice-US connections

Delta Air Lines, the only commercial aviation company to offer direct flights between the Côte d’Azur and New York, has reached its 25th anniversary of connections between Nice and North America. Read more

CMB crowned best private bank in Monaco

Compagnie Monégasque de Banque (CMB) has been voted the Best Private Bank in Monaco for 2016 by the Global Private Banking Awards. CEO of CMB Werner Peyer says, “We are particularly proud and delighted to have been granted this award. It is the fruit of our labour and our commitment to always put the value of our clients first.”Read more

HSBC winds down in Monaco

After a scandal-filled few years, HSBC is closing its Monegasque office and withdrawing from the Principality of Monaco, following similar departures by Crédit Suisse and Lloyds. CFM Indosuez Wealth Management will fill the gap, with HSBC transferring the majority of its private banking business to its competitor.Read more

Financial security for real estate agencies and their clients

Monaco banking giant CFM Indosuez Wealth Management has been chosen by the Chambre Immobilière de Monaco as the provider of financial banking security for their members. The agreement, which was signed in early September, has set down an unprecedented structure of financial security for affiliated real estate agents in the principality during the period that they hold funds and securities for their clients. The scheme covers all operations in which agents are performing transactions on property and business assets as well as those related to real estate management, administrative activities pertaining to properties and also property management companies. Read more

LVMH returns to ‘cradle of perfume’ Grasse

In an exciting cultural and historic decision, the Houses of Louis Vuitton and Christian Dior are returning to the perfumed foothills of Grasse. The town, known globally as the ‘cradle of perfume’ for its revolutionary development of the art between the 16th and 20th centuries, will not only benefit hugely in economic terms, but the move also places the region firmly back on the map as the beating heart of haute parfumerie.Read more

Carbon neutral status for Nice airport

Nice Côte d’Azur Airport has become the first aviation travel hub in France to be granted carbon neutral status after lowering its carbon emissions by 75% per kilogram, making it one of just 25 airports worldwide to hold that title. The certification has been awarded by the Airport Carbon Accreditation initiative, an independent management programme that aims to lessen airports’ negative impact on the environmental.Read more

Money really can grow on trees

Amid the stocks, bonds and real estate portfolios of the investment industry is a low-risk, high-return tactic that is turning heads with gathering speed. Timber investment in sustainable forestry is by no means a new type of investment, but its ecological vices - as well as the fact that the demand for timber has never been higher -  is making this asset class an intriguing alternative in a world where traditional ‘paper’ investments are looking increasingly unstable. Read more

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