Head-to-head · tax residents 2026
Monaco or Japan: which should you move to?
Two of Europe's top relocation targets, both with newcomer regimes. Here is how they compare on the taxes that move the needle.
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| Factor |  Monaco ↗ |  Japan ↗ |
|---|---|---|
| Top personal income tax | 0% | 45% |
| Corporate tax | 25%* | 23.2%* |
| Capital gains tax | None | Taxed |
| Dividend tax | 0% | 20.3% |
| VAT / sales tax | 20% | 10% |
| Wealth tax | No | No |
| Inheritance tax | Yes | Yes |
| Foreign income | Worldwide | Remittance basis |
| Headline expat regime | No personal income tax | Non-permanent resident (remittance basis) |
| Cost of living (vs your country) | None | 65 |
| Population | 38,341 | 123,366,734 |
| Area | 1 km² | 377,835 km² |
| Population density | 38,341/km² | 327/km² |
| Airports (large + medium) | · | 108 |
| Annual tourists | 348,258 | 36,870,000 |
| Flight time from your country | · | · |
| Direct flight likely? | · | · |
| Life expectancy | · | 84.8 yrs |
| Safety (homicides/100k) | 3.1 | 0.2 |
| Happiness (0-10) | · | 5.87 |
| Corruption index (higher = cleaner) | · | 74/100 |
| Double-tax treaties (approx) | ~5 | ~78 |
| Internet speed (median fixed) | · | 255 Mbps |
| Healthcare spend / person | $8,004 | $3,638 |
| Air quality (PM2.5, lower=better) | 11.38 | 11.45 |
| Time zone (approx) | UTC | UTC+9 |
| Digital nomad visa | · | Yes |
| Official languages | 1 (French) | 1 (Japanese) |
Green = more favourable. Cost of living shown as a percentage of your home country (under 100% = cheaper than home). Tax data: compiled by us, being re-verified; cost of living: World Bank PPP; area & population: GeoNames; life expectancy & homicide rate: World Bank.
* Monaco: Business profits tax (ISB) of 25% applies only to companies earning more than 25% of turnover outside Monaco or from patents/IP. Purely local business generally pays no profits tax. · Japan: 23.2% national; combined effective corporate rate ~30-31% incl. local enterprise and inhabitant taxes.
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