Chance for new innovation in Monaco and established business to grow

There are still places available for this October’s inaugural ‘Do It In Monaco’ forum this Friday 27th and Saturday 28th October. Organized by the Jeune Chambre Économique de Monaco (JCE) and supported by the government of Monaco and its business partners, the forum aims at encouraging further investment in the Principality by investors of all ages and nationalities. More...There will be a series of conferences and practical workshops held at the Rainier III Auditorium on, inviting seasoned business professionals and young entrepreneurs alike to participate. It will be an opportunity for established bosses and those interested in setting up in the area to meet, share ideas and formulate growth plans. Presenting the sessions will be governmental authorities, representatives from Monegasque companies, banks and financial institutions as well as experts and accountants from various other sectors. One or two-day passes are available at E50 or E75 respectively. Existing businesses wishing to promote their product may hire a stand and 5 passes for the conference for E1,350. The objectives are to present new opportunities for investment and answer investors’ questions on Monaco, as well as to facilitate business peoples’ networking and provide advice to individuals or groups on the viability of their projects and how to achieve their goals. According to the JCE, the Principality is an attractive proposition to companies. Not only does it come with a good quality of life, a pleasant climate and political stability, it is also a stone’s throw from Nice airport, France’s second largest, meaning most European capitals are within two hours’ flight. It also has low taxation (for businesses), a flexible labor code and well-developed banking and finance systems. Sophia Antipolis, a large technological area, is half an hour away, providing access to a highly-skilled workforce. The Monaco Department of Finance and Economics reported there were some 4,600 companies in 2004, employing over 41,000 people and with a combined turnover of approximately E9,815 billion. Most business sectors are represented in the Principality, although trade covers around 40%, banking 15% and real estate/construction and industry each accounting for about 8%.

Comments are closed.