The Monaco Residence Permit lets non-citizens live in Monaco by depositing at least EUR 500,000 into a bank registered there and buying or renting a property for at least 12 months. The main applicant must be over 18 and hold a clean criminal record, but there is no education, work experience, or minimum net worth requirement. Non-EU, EEA, and Swiss applicants first obtain a type D visa for Monaco through a French embassy or consulate, then attend an interview with local authorities, with the permit issued 6 to 8 weeks later. The first card is a temporary residence card valid for 1 year.
After 3 years you can apply for a 3-year ordinary card, and after 9 years for a 10-year privileged card. Holders get Schengen access of up to 90 days within any 180-day period, and can add a spouse and children under 18. There is no direct route to citizenship, which is available only through descent or marriage.