Located on the Mediterranean Sea, with France as its only neighbor, the Principality of Monaco is the second-smallest country in the world. Monaco offers a high standard of living, temperate weather, a high level of personal security, a modern and efficient infrastructure, and an absence of income or capital gains tax for residents.
Monaco allows foreign nationals to make an investment in the country and gain Monégasque residence in return.Enquiry Factsheet
Minimum investment of EUR 500,000
Six–seven months for EU citizens, and eight–nine months for non-EU citizens
The right to live, work, and study in Monaco
With a land area of only 2 km2, the Principality of Monaco is the second-smallest country in the world and one of the wealthiest. The requirements to become resident in Monaco are not as strict as commonly thought, but it is nevertheless advisable to employ a consultant or lawyer to handle an application for residence on your behalf. To acquire residence, you must be able to show sufficient means to be able to afford the lifestyle, in particular, the rent and prices for real estate, which are comparable to big capital cities. Under this program, wealthy individuals can make a significant investment to the country and become Monégasque residents.
To qualify for residence, applicants are required to make the following investment:
In addition, applicants must satisfy the following requirements:
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. After the visa has been granted, applicants must apply for a carte temporaire, which is a temporary residence permit that allows residence for a total period of three years, renewed annually. Following the three-year period, a carte ordinaire is issued and is valid for a further three years. After three consecutive renewals of the carte ordinaire (that is, after 12 years of residence), if the holder spends at least six months per year in Monaco, they may be eligible to apply for a carte privilège, which is valid for a renewable period of 10 years. Investors may establish a company in Monaco only after they have received a carte de séjour (French residence permit).
The processing time is six–seven months for EU citizens and eight–nine months for non-EU citizens.
Acquiring citizenship is difficult because, before qualifying, one must have held a Monégasque residence permit for at least 10 years as an adult over the age of 21. Applicants are also not permitted to perform national service abroad and must submit an official letter to the prince renouncing any other sovereign nationality they hold.
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