Monaco Residency

Monaco Residence Permit

The world’s second-highest GDP is generated by Monaco. A land-locked countries located in Western Europe, Monaco is a country, microstate and a sovereign city-state, and is known as the Principality of Monaco. It has the lowest poverty rate in the world and is home to many millionaires and billionaires. Nestled off the Mediterranean shores, Monaco is famous for its perfect climate, luxurious resorts, being a sports and fashion hub, as well as the beautiful mountainous landscapes. It is one of the oldest countries and has the most beautiful scenery, attracting many tourists.

Key Points

  • Favourable tax regime
  • High standard of living
  • Beautiful scenery and architecture
  • Funds in Monaco exceeding €1 million

Advantages of Being a Resident of Monaco

  • No visa required to travel within the Schengen Area
  • Fast application process
  • No mandatory residency required
  • No income tax No capital gains tax
  • No double taxation
  • Business friendly country
  • High living standards
  • Coveted location
  • Can apply for citizenship after 10 years

About Monaco Resident

Capital city: Monte Carlo
Visa free countries: N/a
Currency: EUR €
Languages: French, Italian, English
Total area: 2 km²
Population: 38,890
Nearest country: France
Western European (UTC)

Take the first step to a future where you are truly free.

As an applicant, you must fulfil ONE of the following options:

Option 1: Investment

You must have the appropriate accommodation available in the Principality, and either be employed in Monaco or get an attestation from a bank in Monaco stating that they have adequate funds to support themselves without employment.

This typically translates to having more than €1 million in a bank in Monaco.

Contact us

For more information about Monaco residency
Complete the form and we’ll contact you to discuss your options.