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Banking, casinos and the service industry ( restaurants, stores etc) are the main sources of income.

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Q: Sources of income in Monaco.
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Related questions

What are the chief products of Monaco?

There are no 'products' as such. Monaco's income is from tourism and gambling.


Why does Monaco and Switzerland have no tax?

As this is under "Monaco" I will tell you the facts relevant to Monaco ( I know nothing about Switzerland. ) In Monaco there is no 'residential income tax". - There are many other forms of tax however. The VAT is almost 20% and this applies on many things. There is corporate income tax and non-resident income tax ( About 50,000 foreign workers who come to work in Monaco each day )


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Monaco doesn't pay income taxes


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Main income source would be casinos - gambling.


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Andorra, Monaco, and The United Arab Emirates.


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