The rich riders and team managers used to go live in Monaco, the slightly less rich in San Marino, while the Spanish chose Andorra regardless. In the past, that was generally the case. Sure, some preferred England or Switzerland, but that was the trend.
To be clear: ethics always suggest residing in your own country, but it’s quite normal to want to save on taxes and do so entirely legally. Nowadays, to live in the Principality of Monaco your income doesn’t just need to be high, it needs to be stellar, so riders have abandoned Monte Carlo—though many tennis players and numerous Formula 1 drivers with multi‑million annual incomes still live there.
The Principality of Monaco
Monaco continues to stand out on the international stage for a unique tax system, based on the absence of direct taxes for individuals and limited pressure on businesses. Those who reside in the Principality, with a few exceptions, do not pay taxes on income, dividends, or wealth. There are also no local taxes such as those on housing or property. To obtain tax resident status, you must live in the Principality for at least 183 days a year. Rents range from 3,000 to 6,000 per month for a studio, and a small apartment for a young couple easily exceeds 10,000 euros. In the Principality of Monaco, rental prices for 2026 reflect a market characterized by extremely high demand and structurally limited supply. Over the past two years, rents have recorded significant increases.
San Marino
Andorra
Although prices have risen sharply in San Marino and the lack of supply pushes rents upward, Andorra remains a much more expensive market, while Monte Carlo is out of reach for most people working in the two-wheeled world.