No dividends for SBM

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A decision to withhold dividends for the fiscal 2010/2011 year was announced at the Société Des Bains de Mer (SBM)’s extraordinary general meeting, held last month on 9th September. The move was prompted by a previously-announced net loss of 17.3 million euros on a consolidated turnover of 361.7 million.Read more

New bank for Monaco’s wealthy

Luxembourg-based Banque Havilland has just finalised the acquisition of Dexia Private Bank Monaco SAM. Under its new name Banque Havilland (Monaco) SAM the bank will continue to operate out of the same premises (3-9 blvd des Moulins and 32-34 blvd Princesse Charlotte), with the focus on wealth management.Read more

Free health cover transfer

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Are you one of those globetrotters who has recently moved to new pastures and is now without adequate health insurance?
If you are, then you belong to a growing number of people demanding an international health and accident insurance policy that will simplify life for those working or living abroad, or who travel extensively.Read more

Have you got what it takes?

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But there is a way to become self-employed without taking enormous risk. The auto entrepreneur system in France has simplified small businesses, and it can be the gateway that foreigners need to complete their dream.Read more

Rigorous budgetary discipline

The Principality of Monaco will downsize development plans in a bid to balance the books within the next three years.Read more

Riviera tourism back on track

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After years of enduring the fallout from the 2008 global financial meltdown, things are finally returning to normal for the tourism industry on the French Riviera. The latest figures reveal visitor numbers are well up on last year, despite unseasonably changeable weather.Read more

Understanding life insurance

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The French tax reform of July introduced new changes for one of the most useful investments for non-residents: life insurance policies. These policies are specific French investment vehicles used for both savings and transmission. As long as the funds remain invested within the policy, capital gains are not subject to capital gains tax. If some money is withdrawn, only the capital gain of the amount taken out (not the principal) is taxed. The capital can be invested in all kinds of mutual funds, and even in selected listed and unlisted equities under conditions.Read more

The financial forecast

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As everybody knows, forecasting the evolution of the financial markets is very difficult. That's probably why the
following ironic expressions exist:
- An investment specialist is the person who will tell you tomorrow why what he predicted yesterday is not happening today.
- A long term strategy is a short term strategy that has failed.Read more

Riviera family info day

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If you have just moved to the area with young kids in tow, or maybe feel that your family has never fully exploited all that is available on the Côte d'Azur, then this day out could be just what you need.Read more

New initiative from the JCE

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The Jeune Chambre Economique de Monaco (JCEM - Junior Chamber of Commerce) has been promoting young people with promising business ideas for almost half a century. Now they want to go more international - and Anglophone entrepreneurs are to be at the very heart of this expansion.Read more