‘Door to Europe’: Monaco targets Greater Bay Area’s wealthy as it pitches low taxes to attract family offices, investments
- Frederic Genta, a high-ranking official from the principality, holds a flurry of meetings with government officials and investors in Macau and Hong Kong
- Genta hopes to attract some family offices to set up a second base in the European microstate
With the Mediterranean country approaching 30 years of diplomatic relations with China in 2025, it is pitching itself to Hong Kong and Macau, including making a push for family offices, offering greater networking opportunities for investors, and exploring cultural exchanges, said Frederic Genta, Monaco’s secretary for attractiveness, development and digital transformation.
“We hope we can be a small door to Europe for the Greater Bay Area,” said Genta, a former Google executive, who is now charged with making Monaco more appealing to prospective investors and residents.
Genta and Monaco’s ambassador to China, Marie-Pascale Boisson, arrived in Macau on Tuesday for a two-day visit to meet senior Macanese government officials and investors.
Genta followed it up with a visit to Hong Kong on Thursday for another round of meetings with family offices and prospective investors.
