Monaco has been named the world’s leading hub for financial freedom, sharing first place with Mauritius in the debut edition of the Nomad Capitalist Freedom Index. The ranking positions the Principality as a prime destination for wealth protection, low taxation, and high living standards.
The index, created by the consultancy Nomad Capitalist, assessed nearly 200 countries and a selection of US states based on factors such as tax policy, asset security, civil liberties, safety, and lifestyle. Monaco excelled in the financial freedom category due to its absence of personal income and capital gains tax, alongside its strong property rights framework and reliable judicial system influenced by France.
The Principality also scored highly for personal safety, supported by a visible law enforcement presence that keeps serious crime extremely low. Lifestyle indicators benefited from its world-class healthcare access, luxury infrastructure, and unrestricted travel within the Schengen Area.
While Monaco’s approach to free expression is marginally more regulated compared to northern European nations, overall civil liberties remain robust. The report described the city-state as a model of fiscal efficiency paired with Mediterranean luxury.
Following Monaco and Mauritius, Switzerland and Portugal tied for third place, with Ireland completing the top five. The United Kingdom ranked 21st, while the United States came in at 29th.
