Monaco Residency

Monaco offers a lavish lifestyle, optimal weather, robust security, and exemption from income tax, capital gains tax, and wealth tax for residents. Applicants must demonstrate financial means to afford the high cost of living, including real estate comparable to major global capitals.

The Principality of Monaco, nestled on the Mediterranean Sea with France as its sole neighbor, ranks as the second-smallest country globally. Boasting a GDP nearing USD 9 billion, Monaco offers a luxurious lifestyle, optimal weather, robust personal security, and modern infrastructure. French serves as the official language, supplemented by Italian and English. Residents, excluding French citizens, enjoy exemption from income tax, capital gains tax, and wealth tax, while a residence permit grants visa-free entry to Europe’s Schengen Area. Prospective residents must demonstrate the financial means to afford Monaco’s high cost of living, notably in real estate comparable to major global capitals.

Processing Time

Up to 3 months from the submission of the application

Investment Requirement

€1 million minimum investment that can be made in either real estate or a business venture

Key Benefits of the Monaco Residency by Investment

• High confidentiality
• The French and Italian Riviera border offers an appealing lifestyle complemented by an ideal geographical position
• The stable real estate market presents substantial opportunities for investors and residential property dealers
• Safe environment
• Multicultural society
• The Nice International Airport offers excellent access by road, sea, and air.
• High-quality facilities for sports, culture, and education are readily available

The Monaco Residency by Investment Requirements

• Minimum age requirement of 16 years
• Police certificate demonstrating a clear criminal record
• Proof of adequate funds through a bank attestation letter
• Verification of accommodation through a lease or purchase agreement

Procedures and Time Frame

Applicants who are not nationals of the EU, Liechtenstein, Norway, or Switzerland or holders of a French residence permit must obtain a long-stay (type D) visa from a French embassy or consulate. Once granted, applicants must apply for a carte temporaire, a temporary residence permit allowing a total period of three years, renewable annually. Subsequently, a carte ordinaire is issued for an additional three years after the initial period. After three consecutive renewals of the carte ordinaire (equivalent to 12 years of residence), provided the holder spends at least six months yearly in Monaco, they may be eligible to apply for a carte privilège, valid for a renewable 10-year period. Investors can establish a company in Monaco only after receiving a carte de séjour (French residence permit).

The processing time takes six to seven months for EU citizens and eight to nine months for non-EU citizens.

Acquiring citizenship proves challenging as applicants must hold a Monaco residence permit for at least 10 years as an adult over 21. Additionally, applicants cannot perform national service abroad and must renounce any other sovereign nationality they hold in an official letter addressed to the prince.

If you would like to learn more about the Monaco Residency by Investment Program, please don’t hesitate to contact us at Tsavorite as we would love to connect with you.