Visa-free travel across Europe’s Schengen Area
The Principality of Monaco is an independent sovereign state and a full member of the UN. French is the official language, with Italian and English also widely spoken. It is in a customs and monetary union with France, and French VAT applies.
Monaco allows foreign nationals to make an investment in the country and gain Monaco residence in return.
No minimum investment
Six–seven months for EU, Liechtensteiner, Norwegian, and Swiss citizens, and eight–nine months for other citizens
The right to live, work, and study in Monaco
Visa-free travel across Europe’s Schengen Area
Secure environment and attractive lifestyle at the border of the French and Italian rivieras
High standard of living in a multicultural society, with a high quality of sports, cultural, and education facilities
Residence applicable to the main applicant’s spouse or partner and financially dependent children
Favorable tax system, with no income, capital gains, or wealth tax
Stable real estate market offering significant opportunities to investors
Excellent access by road, sea, and air at the international airport of Nice
Applicants must satisfy the following requirements:
1. Minimum age of 16 years
2. Police certificate of clear criminal record
3. Proof of sufficient funds to live in Monaco (bank attestation letter)
4. Proof of accommodation (lease or purchase agreement)
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 Monaco 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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