Why do many athletes live in the Principality? What are the tax advantages? What are the requirements for applying for residency? Everything you need to know
Monte Carlo, but also Paraguay, Uruguay, Andorra, Cyprus, the Middle East: they are the most popular destinations among professional athletes, thanks to their tax breaks. Tennis players, competing in an individual discipline in which they operate as “freelancers” (with all the advantages and disadvantages of the case), are the most inclined to transfer their residence abroad. A footballer, inextricably linked to the place where his team is based, could not even imagine a similar solution. The top racket players, however, are “nomads” by definition: they travel on tour from one corner of the world to another for almost eleven months of the year. And in fact there are many who have taken up residence in the Principality: Djokovic (until 2020), Zverev, Auger-Aliassime, Bublik, Medvedev, Davidovich Fokina, Rune, Rublev, Tsitsipas, Dimitrov, Hurkacz and, among the Italians, Sinner, Musetti, Berrettini and Cobolli.