Monaco
Monaco Residence Permit
Minimum investment
EUR 500,000
Processing time
2-4 months
Physical presence
must genuinely reside in Monaco; the residence card requires periodic renewal that depends on demonstrating actual presence
- Investment route
- •Monaco does not operate a formal residency-by-investment scheme with a government-mandated minimum
- •instead, applicants must demonstrate financial self-sufficiency, most commonly by depositing funds with a Monegasque bank and securing accommodation (purchase or 12-month+ lease) in Monaco
- Investment breakdown
- •there is no legally defined minimum deposit set by Monegasque law
- •in practice, Monaco's private banks generally require a deposit of roughly EUR 500,000 to EUR 1,000,000 before issuing the bank reference letter the residency application depends on, with the exact figure set by the individual bank based on the applicant's profile, not by government regulation
- Additional fees
- •bank account opening and due diligence costs
- •accommodation costs (purchase, among the highest per-square-metre prices in the world, or lease from roughly EUR 3,000-10,000+/month)
- •many applicants budget EUR 50,000-100,000+ in initial relocation costs excluding property
- Eligibility
- •18+
- •Clean criminal record
- •Demonstrated financial self-sufficiency
- •No employment income earned outside Monaco required (though many residents do work)
- Due diligence
- •clean criminal record required
- •non-EU/EEA/Swiss nationals must first obtain a French long-stay Type D visa from a French embassy or consulate before applying in Monaco, since Monaco sits within French customs and immigration territory for this purpose
- •in-person interview with Monaco's Section de Residents required
- Family inclusion
- spouse and dependent children can apply for residence cards alongside the main applicant
- Path to citizenship
- •Monegasque law sets a minimum of 10 years of genuine residence before naturalization can be requested, though multiple legal sources note the process is entirely discretionary and commonly takes considerably longer than the minimum in practice
- •naturalization requires renouncing the applicant's existing nationality since Monaco does not generally permit dual citizenship for the naturalized
- Renewal
- •three-stage card progression: a Temporary residence card valid 1 year, renewable annually for up to 3 consecutive years
- •an Ordinary residence card valid 3 years, available after 3 years on the Temporary card
- •a Privileged residence card valid 10 years, available after roughly 9-10 years total and widely treated as Monaco's de facto permanent residence status
- Dual citizenship
- •Not applicable to this residence permit
- •Monegasque naturalization, when eventually pursued, generally requires renunciation of prior nationality
- Key benefits
- •no personal income tax for non-French residents
- •Schengen access of up to 90 days in any 180-day period
- •access to one of the world's most secure and prestigious residency addresses
- •holders may include a spouse and children under 18 on the same application
- Taxation
- •no personal income tax for non-French residents
- •no capital gains tax on personal investments
Application process
- 1.open a qualifying account with a Monaco bank and deposit the required funds
- 2.secure accommodation
- 3.submit residence application with proof of funds and accommodation
- 4.attend interview
- 5.residence card issued