Why do so many F1 drivers live in Monaco?

Monaco is home to Lewis Hamilton, Max Verstappen, Charles Leclerc and many others Formula 1 drivers. The most prominent reason to why they live in Monaco must be that there are ZERO taxes to be paid in Monaco. The weather is nice and pleasant as well, and Monaco also hosts the Monaco Grand Prix.

Do F1 drivers pay tax in Monaco?

Tougher than Monaco So earnings from Grand Prix in Monaco don’t incur tax charges to the F1 drivers who live in Monaco. Generally tax is due on residents of Switzerland on their worldwide income. However, there are a number of exemptions still in force in some of the Cantons; one of which is well used by F1 drivers.

Where do F1 drivers pee?

There are pit stops throughout the race, but none that involve the driver going to the bathroom, as there is just not enough time. Thus, the drivers are instructed to pee in their suit if they need to.

Does Alex Albon live in Monaco?

Albon is known to practice Buddhism and currently resides in both Monaco and Milton Keynes in close proximity to Red Bull Racing’s headquarters.

Why do Formula 1 drivers race in Monaco?

Firstly, the weather was always nice in Monaco; secondly, it is centrally located in western Europe, where most prominent races happen. And in the end, the most important decision is zero taxes; these drivers have to pay from their earnings.

Where do Formula 1 drivers live?

Monaco F1 Grand Prix: The temple of Formula 1 hosts one of the most exotic races of the year and resides with all the top drivers. Monaco is one special place for Formula 1, with the Grand Prix over here is more of a celebration. Apart from being a hot racing destination, Monaco is also like home to most drivers.

Why does Nico Ricciardo live in the Principality?

The Principality definitely provides him with many memories, because it is here that the Monaco Grand Prix, one of the most prestigious F1 races, takes place. Nico, who became champion in 2016, lives in the Principality with his family and personally knows the Prince of Monaco.