Monaco Residency Permit

What Is The Monaco Residency Permit Program

Monaco has a residency-by-investment program that requires a minimum investment of EUR 500,000. This program allows for visa-free access to the Schengen Area.

The Benefits

Residency and Family Inclusion

  • No obligation to reside permanently in Monaco.
  • Renewal residency permit.

Travel and Quality of Life

  • Independent and sovereign state.
  • Member of the UN and the Council of Europe.
  • Secure and stable leadership in the heart of Europe since 1297.
  • Strong legal system and infrastructures.
  • Freedom of movement within the Schengen Area.

Requirements and Taxation

  • Favorable tax system.
  • Competitive real estate market with no capital gain tax.
  • Easy renewal of the residency permit if the applicant has spent more than 6 months of the year in Monaco.
  • Possibility to apply for Permanent Residency after 9 years.

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    The Requirements

    • Provide supporting documentation and a clean criminal record.
    • Proof of sufficient resources to reside in Monaco without having any professional activities.
    • For non-EU/EEA nationals, secure a long-stay visa from France
    • Pass an individual interview.
    • Spend a reasonable amount of time in Monaco.

    Monaco Investment Options

    The Real Estate Option

    Rent (and keep a rental on a yearly basis) or purchase a property in Monaco (a suitable property for the main applicant and dependent).

    The Bank Deposit Option

    Deposit and maintain at least EUR 500,000 into a bank duly registered in Monaco (min. deposit or asset under management to be checked on a case-by-case basis depending on the selected bank).

    The Process

    Arrows process

    Due Diligence and Application

    • Pre-vetting and due diligence checks.
    • Drafting of the residency permit application and gathering of supporting documents.

    Approval and Investment

    Personal interview with a police officer from the Monaco Public Security (Sureté Publique Monégasque).

    Residency

    Issuance of the residecy permit.

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      Frequently Asked Questions

      • The investor must deposit at least EUR 500,000 into a bank duly registered in Monaco, or any other minimum amount requested by the selected bank based on said bank’s requirements and investor’s profile.
      • The investor must purchase or rent a property in Monaco.
      • The investor must provide a clean criminal record.

      The main applicant must be above the age of 18.

      No. There are no education degree or work experience requirements.

      No. The applicant does not have to demonstrate a minimum net worth or asset.

      The procedure varies according to the nationality of the main applicant:

      If the main applicant is an EU/EEE/Swiss national, he/she can apply directly for a residency permit in Monaco.

      If the main applicant is not an EU/EEE/Swiss national, he/she must firstly apply for a French long stay visa before the French consulate of his/her country of residence. After the issuance of the French long stay visa, the applicant will be able to access the territory of Monaco.

      Following his/her arrival in Monaco, the applicant must undergo an interview with a police officer from the Monaco Public Security Bureau.

      The residency permit will be issued 6 to 8 weeks following the interview.

      The holder of a residency card can access the Schengen Area (26 European States) for up to 3 months per any 6 months period.

      Yes. However, the residence card will not be delivered to a minor under the age of 16. A minor under the age of 16 can apply for a “Travel document for minors” (document de circulation pour mineur étranger).

      No. Only the spouse/partner and the children above the age of 18 can obtain a residency card.

      Yes, dependent children over the age of 18 (without age limit) may be declared dependent by the holder of the resident card under certain conditions.

      No.

      The first residence card is called “temporary residence card” and is valid for 1 year and renewable twice.

      After 3 years of temporary residence card (1+1+1), the holder can apply for an “ordinary residence card” which is valid for 3 years and renewable twice.

      After 9 years of ordinary residence card (3+3+3), the holder can apply for the “privileged card” which is valid for 10 years and renewable without limit.

      Yes, under conditions (national priority policy for employment access, work permit required).

      Yes, a Monegasque resident enjoys the same benefits as a Monegasque citizen for education and has access to public health coverage if he/she pays social contributions to the Monegasque public health system.

      The main principles governing the acquisition of citizenship in Monaco are:

      • The almost total absence of acquisition methods based on the Jus Soli (citizenship by birth or residence).
      • The role of filiation (paternal filiation, adoptive filiation) in the transmission of Monegasque citizenship.
      • The recent harmonization of the Nationality Law of Monaco with internationally recognized principles (citizenship by maternal filiation or by marriage).
      • The policy of family reunification through naturalization.

      Consequently, neither residence nor birth in Monaco gives the right to acquire the Monegasque citizenship. The only exception is the case of a child born in Monaco to unknown parents who becomes Monegasque by the sole fact of being born in Monaco.

      The citizenship of Monaco can be acquired by marriage with a Monegasque citizen after 10 years of marriage (a bill increasing this period to 20 years is currently being examined by the National Council), or by a discretionary decision of the Prince of Monaco.

      Yes. The main applicant and his/her family must renounce their birth citizenship after obtaining the citizenship of Monaco.

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