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Monaco Residency Program
Situated on the French Riviera, Monaco offers stunning views of the Mediterranean Sea and a pleasant climate, making it a prime location for tourists and residents alike. French is the official language with English and Italian are widely spoken.
Monaco is a tax haven with no personal income tax, attracting wealthy individuals and businesses from around the world. Monaco is known for its safety, cleanliness, and well-maintained public spaces, contributing to its reputation as a desirable place to live and visit. The Monaco Grand Prix is one of the most prestigious automobile races in the world, drawing thousands of spectators each year. Next to this is the annual Monaco Yacht show showcasing the latest in luxury yachts, attracting marine industry professionals and enthusiasts.
Monaco's unique combination of luxury, favorable tax policies, major events, scenic beauty, and high living standards make it a standout destination and a hub for the world's elite. Monaco is known for its safety, cleanliness, and well-maintained public spaces, contributing to its reputation as a desirable place to live and visit.
PROGRAM BENEFITS
Tax advantage: Residents of Monaco are not subject to income tax, capital gains tax, or wealth tax
High ROI: Stable real estate market offering significant opportunities to investors.
High-standard of sport, cultural, educational facilities, and a multi-cultural society.
Visa-Free access within Schengen Zone countries
Due Diligence
The requirements to become Monaco's residents are not as strict as commonly thought. To become a resident, an applicant must be at least 16, have a clean police record for the preceding five years, and demonstrate the means to afford the lifestyle including the rent or purchase of real estate, the cost of which is comparable to large capital cities.
Accommodation
You must have a home in Monaco either through purchasing a property, renting a home or being accommodated by family member.
Financial Stability
Demonstrate sufficient financial means to support yourself. This typically involves:
- Depositing a minimum of EUR 500,000 in a Monaco bank.
- Having a sufficient and regular income from employment, self-employment, passive (rental) income or retirement.
- Receiving financial support from a family member or close relative residing in Monaco.
Processing time
6 - 7 months (EU citizen) or 8 - 9 months (citizens of other countries)
Residency Process
1) A long stay visa - type D, to be issued
2) After this, a temporary resident permit to be applied - carte temporaire for a total period of three years and to be renewed every year. 3) A carte ordinaire is issued for the next period of three years.
4) After three consecutive renewals of carte ordinaire, applicants might apply for carte privilège, which is valid for a renewable period of 10 years.
Time to citizenship
At least 10 years. Renouncing of any other sovereign nationality among others are required.
Security: Secure environment, attractive lifestyle. Excellent access by road, sea, and air via Nice's international airport.
Contribution: No minimum contribution! Monaco welcome you if you are well funded to live there.
PROCESS
REQUIREMENTS
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