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An Overview of Residence in Monaco

Monaco has traditionally been the residence of choice for the wealthiest and most famous individuals. The principality is an independent sovereign state that was established in 1297 and a full member of the UN. The official language is French, but Italian and English are also widely spoken. Monaco has its own legal system but its law is largely based on the French Civil Code.

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 become resident, 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.

Monaco offers many advantages, including:

  • High confidentiality
  • Multicultural society
  • Attractive lifestyle and an ideal location at the border of the French and Italian Riviera
  • Excellent access by road, sea, and air at the international airport of Nice
  • A very stable real estate market that offers significant opportunities to investors as well as resident property dealers
  • High quality of sports, cultural, and education facilities
  • Secure environment

Henley & Partners facilitates all aspects of moving your personal residence to another country. The firm specializes in the world's top locations for private residence in view of the business environment and overall quality of life.

Our highly qualified professionals will assess your situation, inform you of the options open to you, develop a plan of action to help you achieve your goal, and make it all happen. We deal with government procedures quickly and efficiently on your behalf, based on our professional expertise and over 20 years of experience in the industry.

Establishing yourself or your business in a new country will require securing relationships with key partners such as government officials, bankers, and corporate professionals. Henley & Partners’ experienced consultants will build a network of contacts and help you to become established in your new environment.

The specialized services of Henley & Partners are a resource and complement to major law and consulting firms. We assist other firms and their clients with the unique and specific details required by the immigration and business relocation process and related planning.

Further information

To find out more about the opportunities to acquire resident status in the Principality of Monaco, contact Henley & Partners today.