Monaco Residency Benefits

Monaco is an extremely attractive jurisdiction for high-income individuals and businesses, as it’s regarded as an immensely powerful tool for international tax and wealth optimisation. There is absolutely no income tax for nationals and foreign residents. In addition, locally registered businesses receive tax exemption, unless more than 25% of their revenue derives from outside the country. To apply for residency in Monaco, applicants must demonstrate proof of accommodation, proof of sufficient funds to sustain themselves and their family and proof of being of good character. Once presented, permanent residency grants EU Nationals and Non-EU Nationals and their families, the right to permanent residence in Monaco. Specific criteria must also be met to cover the family of the main applicant, for example, the property has to have sufficient bedrooms to accommodate the total number of people applying.

Alternative Residency in 2-6 months

Fast-track processing with applications reviewed by the Monaco government within approx 2-6 months from the date of filing

Very stable real estate market

Opportunity to invest in secure real estate with no property tax and high potential ROI

No associated donations required

Monaco Residency does not require any donations, or non-refundable contributions

Secure your capitals with no restrictions

No restrictions on foreigners opening bank accounts or owning real estate in the principality

Tax efficient jurisdiction

No income or capital gains tax for non-French residents. No double taxation agreements

Schengen Visa-free travel

Monaco residence permit holders can travel visa free within the Schengen zone for 90 days within any six-month period

Entire family is eligible

Residency can be granted to the spouse /partner, children, and parents, provided the conditions are being met

Eligibility for Citizenship

Eligibility to apply for citizenship after 10 years living with permanent residency. Dual nationality is prohibited under nationality law

Attractive lifestyle

High quality of life, education standards, culture, entertainment, and sports facilities

Tax Residency

Optimise your tax burdens. To be a tax resident, you may have to stay at least half a year in the country

High confidentiality

Applicants data is highly confidential and not disclosed with any 3rd parties

Ease of access

Strategic location and close proximity to the French and Italian Rivieras and EU major capitals

Residency Requirements

3-base requirements must be demonstrated by applicants when applying for residency: firstly - Proof of accommodation, Secondly - Proof of self-sufficiency, Thirdly - Proof of good character. The minimum investments for applying for Monaco Residency are not, however, set in stone. This is because the costs lie in the expenses of whether an applicant decides to rent or purchase a property, proceeds with a bank deposit or has alternative proof of sufficient financial resources. Minimum investments tend to be €1,000,000 out of which €500,000 is for bank deposits, and a minimum of €500,000 for property investment. Regarding proof of good character, applicants should present a clean, criminal record from the last 2 countries they have resided in, over a period of the past 5 years. This should also be for more than 90 days a year, before arriving in Monaco. Presented clearly in the table below, are alternative options for how applicants can meet the accommodation and financial requirements:

Proof of accommodation:

---

either of the below:

• Real Estate Purchase. The deed to a house or apartment in Monaco under the applicant’s name. Minimum investments in property start from €500,000 and are tax exclusive. Property purchase that not only justifies a proof of accommodation as well as investment with potential high ROI.
• Corporate Real Estate ownership. Proof that the applicant is the director or unit holder of a company owning a property in Monaco.
• Real Estate Rental. A rent for a minimum of 1 year is required.
• Living with a Close Relative. Proof that the applicant has been living in Monaco with a close relative, such as a spouse or partner.

Proof of Financial Resources:

---

either of the below:

• Bank Account Deposit. Proof of sufficient bank balance accompanied by a Monaco bank reference written inFrench to approve the applicant can afford living in the Principality. To establish a relationship, an average deposit requested by banks may vary from €500,000 – €1,000,000.
• Employment Contract. Proof of salary listed in your employment contract.
• Company Formation. Needs to show proof of a professional income from a company or from independent commercial activity
• Support from a Close Relative. Proof that you are being supported by a spouse or partner.
  

Book a Free Consultation

Fill in our contact form and one of our immigration experts will reach out to you shortly.