do you know why most F1 drivers live in Monaco because out of the 20 drivers on the grid 13 drivers call Monaco home which doesn’t make sense because there aren’t any team bases in Monaco nor is it the capital of Motorsports however for drivers Monaco has a ton of advantages first it’s really easy to become a citizen you just need to live in Monaco for 6 months the location of Monaco is amazing being the center of all major European Grand pris however the biggest Advantage is the taxes because Monaco is a tax Haven that means drivers don’t have to pay income property or investment taxes making Monaco the the best place in the world for drivers to live in
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Money saver. Strict privacy rules
This video is an utter compilation of BS, F1 drivers tax residency is mostly in Switzerland since it's one of the few countries that allow you to travel more than 6 months a year abroad and stay a fiscal resident unlike Monaco which for being a fiscal resident you need to stay at least 183 days a year. In Switzerland you can negotiate the duration of stay and entering/leaving times as part of a tax package that's why every winter F1 drivers go to Switzerland until they get a Monegasque citizenship.
except Charles who lived there since he was born
Living 6 months in Monaco is not cheap
max wearing other clothes except for his team redbull shirt
Because they can.
Not so cheap for Pierre Gasly . Monaco and France have an agreement that French nationals can't tax dodge in Monaco.
Monaco isn’t a tax haven, you still have to pay some taxes
Who's gonna tell him you need to live in Monaco for 10 years to become a citizen?
TAXES
All rich kids learn from their parents
it makes perfect sense…. save millions so you can buy those clothes and cars and boats and watches and……. and….
Taxes!
What a revelation. Need video on wetness of water please
Can't blame them. If I was earning hundreds of millions, I wouldn't want the government taking its slice.
Not 6 months it’s 10 years for citizenship
Why F1 Driver live in Monaco❌
Why rich people live in Monaco✅
6 months a year for ten years.
Tax haven obviously like said duhh
You mean successful F1 drivers
George Russell so Stylish
Ummm no you can not become a citizen here after living here for 6 months lol. You can be a resident and after 10 years of residency you can become a citizen the heck 😂😂
"HOWEVER THE BIGGEST ADVANTAGERS IS THE….."
What he showed:- Girls
What he said:- TAXES
they don't want to live in socialist countries, and their hard earned money going to rapists from north africa and middle east.