Monaco

Monaco Residency Permit

Monaco, located on the French Riviera, is known for its thriving business and financial center. It offers a safe European location with high-class leisure facilities and a favorable tax system. Monaco residents benefit from no personal income tax, making it an attractive choice for high-net-worth individuals seeking Monaco Residency.

Monaco Residency Permit

Monaco Residency Permit Program offers an exclusive lifestyle to any major global capitals, with top-tier infrastructure, business opportunities, and tax benefits in Monaco.

  • Population: Around 39,000 inhabitants
  • Languages: French, Monégasque, Italian, English
  • Economy: High-income economy with a focus on tourism, finance, and luxury goods
  • Currency: Euro (EUR)
  • Visa-Free Travel: 174 countries.
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For inquiries on residency by investment programs, please complete the form below. We’ll get in touch shortly.

Advantage

  • Independent and Sovereign State: Monaco is an independent and sovereign state.
  • Membership in International Organizations: Monaco is a member of the United Nations (UN) and the Council of Europe.
  • Stable Leadership: The country has enjoyed secure and stable
    leadership since 1297.
  • Favorable Tax System
  • Strong Legal System and Infrastructure
  • Competitive Real Estate Market: Monaco has a competitive real estate market with no capital gains tax.
  • Residency Flexibility: There is no obligation to permanently reside in Monaco, and residency permits are easily renewable if the applicant spends more than 6 months of the year in Monaco.
  • Freedom of Movement: Monaco Residency allows for freedom of movement within the Schengen Area.
  • Possibility for Permanent Residency: Applicants can apply for Monaco Residency after 9 years of residency.

Requirements

  • Supporting Documentation and Clean Criminal Record:
    Applicants must provide supporting documentation and evidence of a clean criminal record.
  • Financial Resources: They need to demonstrate sufficient financial resources to reside in Monaco without engaging in any professional activities.
  • Long-Stay Visa: Non-EU/EEA nationals must secure a long-stay visa from France.
  • Individual Interview: Applicants must pass an individual interview, presumably as part of the residency application process.
  • Residency Time Requirement: Applicants must spend a reasonable amount of time in Monaco, although the specific duration is not specified. This requirement likely ensures that individuals seeking residency are actively present in the country.

Investment

  • Property Rental or Purchase: Applicants must rent or purchase a suitable property in Monaco for themselves and their dependents. The property must be maintained on a yearly basis.
  • Financial Deposit: Applicants need to deposit and maintain at least EUR 500,000 into a bank that is duly registered in Monaco. The minimum deposit or asset under management may vary depending on the selected bank and is subject to case-by-case evaluation.

Process

  • Pre-vetting and Due Diligence Checks: Applicants undergo pre-vetting and due diligence checks to ensure they meet the eligibility criteria and have a clean background.
  • Residency Permit Application Drafting: Once pre-vetting is completed, the applicant proceeds with the drafting of the residency permit application. This involves gathering all necessary supporting documents.
  • Personal Interview: Applicants are required to attend a personal interview with a police officer from the Monaco Public Security (Sureté Publique Monégasque). This interview may involve further scrutiny of the applicant’s background and intentions.
  • Monaco Residency Permit Issuance: Upon successful completion of the interview and verification process, the residency permit is issued to the applicant, allowing them to reside in Monaco.

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