Monaco2021-02-18T15:24:53+00:00

Project Description

Discover the Benefits of Monaco Residence

Live the High Life

Monaco: A most prestigious residency program or option

Monaco Residence by Investment Prince's palace Monte Carlo

With no less than 16 Michelin stars sprinkled across a country the size of London’s Soho district, the grand and glamorous Principality of Monaco is a veritable cornucopia of history, opulence and seaside living. A Monaco residence permit gives visa-free access to all Schengen states. Monaco offers excellent schooling, state-of-the-art communication, transport and medical facilities and high level of security for families — not to mention its legendary sports calendar which includes the Formula 1 Grand Prix, the Monaco Yacht Show and the Monte Carlo Tennis Open.

Only 30 km from the international airport of Nice serving 130 destinations, Monaco is the perfect residence for those wishing to live in a safe and easily accessible European location with world-class facilities, a pleasant Mediterranean climate and favourable tax regime. Monaco is not a member of the European Union and legislates internally and has no income, capital gains or wealth tax.

Beyond Immigration provides a holistic approach to your investment migration needs through a unique consultative style which differentiates us from our competitors. We offer objective and pertinent advice driven by long-term relationships. We have industry-leading experience in all aspects of investment migration and are well positioned to assist you with acquiring your Monaco residence permit.

Monaco Residence by Investment Docks

Monaco Residency at a Glance

Monaco Residence by Investment Program Requirements

In order to apply for a Monaco residence permit (known as the Carte de Séjour) you must satisfy two main requirements:

Application Timeline for the Monaco Residence by Investment Program

Monaco Residency Programme
Frequently Asked Questions

How long does it take for non-EU nationals to obtain the residency card after the police interview?2021-02-09T11:02:38+00:00

Once your case is approved, your residence card should be available for collection from the Residents Section after 20 days from the Police interview.

Can I live in a property owned by my company?2021-02-09T11:03:28+00:00

You could live in a property owned by your company as long as you provide the following documents:

– The company’s Articles of Association.
– Proof of shares held or a certificate confirming your shareholding in the company.

How much deposit do the banks require to provide a “certificate of sufficient funds” to live in Monaco?2021-02-09T11:03:48+00:00

The minimum requirement is EUR 500,000 or equivalent per person/couple deposited with a Monaco bank.

What are the costs involved in applying for residency In Monaco?2021-02-09T11:04:11+00:00

The cost of applying for residency in Monaco is the expense of renting an apartment, on top of the general cost of living in Monaco. Unlike other countries offering residency programmes, applying for residency in Monaco does not require the applicant to invest a specified sum of money in Monaco nor is it compulsory to purchase a property as a rental is sufficient.

What are the renewal requirements for Monaco residency card?2021-02-09T11:04:27+00:00

The first Monaco residency card will be issued for a period of twelve months after which this card must be renewed. The card is called a Monaco Carte de Resident, Temporaire and is renewed each year for the first three years. In the fourth year of continuous Monaco residency the holder then will be issued with a three-year card , known as the Monaco Carte de Resident, Ordinaire. These cards are valid for three years and must be renewed at expiry. In year ten, the holder of a Monaco residency may apply for a Carte Privilege which is granted at the discretion of the Monaco authorities. This is not automatically granted and if not granted the applicant will continue to receive the three-year Monaco resident’s card.

What is the timetable for Monaco residency and what other formalities are required?2021-02-09T11:04:46+00:00

To complete the Monaco residency process, an official residency interview will be arranged during which all the required documents are submitted. Following this the Monaco residency application will be processed and authorized. This will take approximately eight weeks for EU passport holders and sixteen to twenty weeks for non EU passport holders as they must first apply for a special Visa from the French Embassy in their country of residence which once approved and issued (up to sixteen weeks) will then permit the applicant to complete the Monaco formalities within three-four weeks, when the residency card also known as the Carte de Resident will be issued.

What documents are required for Monaco residency application?2021-02-09T11:04:58+00:00

The following documents must be submitted for each applicant when applying for Monaco residency:

1. Valid passport
2. Birth certificate
3. Marriage certificate(s)
4. Any previous divorce certificate (or death certificate if the applicant has a spouse who is deceased.)
5. Police certificate as above
6. Registered lease for the Monaco apartment
7. New electricity contract for the Monaco apartment
8. Official Monaco residency application forms completed and duly signed
9. Health report for applicants of 70 years and over

What security checks are required of applicants for Monaco residence?2021-02-09T11:05:11+00:00

Each applicant must provide a police certificate stating that each adult applicant does not hold a criminal record in the country or countries where they have resided during the previous five years. In Monaco an adult is anyone over the age of sixteen years of age for this purpose. This certificate should not be more than three months old at the time of application for the residency. You will need to provide a copy of your criminal record from the country or last countries in which you have resided in the five years prior to your arrival in Monaco.

What are the requirements concerning renting a property in Monaco?2021-02-24T08:20:13+00:00

If renting the lease must be for a minimum of 12 months and have sufficient bedrooms to accommodate the number of persons applying. For example, in order to qualify for Monaco residency, a couple should rent a one bedroom apartment at least and for a family of four a minimum of two bedrooms. The lease is normally automatically renewed at the end of each lease period.

What are the requirements for residency in Monaco?2021-02-09T11:05:43+00:00

The minimum amount required by the Monaco government for a residency application is EUR 500,000 per main applicant to be deposited in an account in the applicant’s name with a bank in Monaco, which must be held with the bank at all times during the residency period.

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