Monaco Residency / Citizenship by Investment

Monaco Citizenship and Residency

Security. Opportunity. Peace of mind.


Monaco residency or citizenship for investors and their families.


The Principality of Monaco is an independent state located on the French Riviera and is well known for its reputation as a thriving business and financial center. Monaco is considered as one of the most ideal places of residence for anyone wishing to reside in a safe European location with high-class leisure facilities, a pleasant climate, and a favorable tax system. Monaco residents benefit from no personal income tax, making the principality a main choice for high-net worth individuals wishing to relocate to Monaco as their main place of residence.

International business executives, investors, VIPs as well as affluent citizens worldwide consider an alternative residency or citizenship a powerful tool for international tax planning and a safety net should the living conditions at home become unbearable. 

Visa free travel to over 160 countries

The Monegasque citizenship offers visa-free travel to more than 160 countries in the world, including the USA, Canada, select countries in the Middle East, Africa, and Asia, as well as most countries in North, Central and South America.

A better quality of life for the family

Monaco is a safe country located about 11 miles / 18 kilometers east of Nice, in the South of France. As a de-facto member of the Schengen area, Monaco is a popular vacation spot for Europeans and high net worth individuals who flock to the country for its sunny and warm climate year-round. Monaco offers a modern infrastructure ranging from reliable phone and internet service to secure banking to well-established air and sea routes to international destinations.

Monaco is characterized by a very high-income economy, a high quality of life, and a very high standard of living. The economy is service-based, with tourism and financial services being two of the key industries.

A Tax Haven

Monaco levies no income tax, no wealth tax, no local tax, and no capital gains tax on individuals. Corporate tax and inheritance tax are minimal in comparison to other countries.

The absence of a personal income tax in the principality has attracted a considerable number of wealthy residents from European countries who derive the majority of their income from activity outside Monaco. Celebrities such as Formula One drivers and international celebrities attract most of the attention, but the vast majority of them are less well-known affluent persons, such as entrepreneurs, business managers, financial services professionals, and retirees.

Monaco Permanent Residency / Citizenship

Residency allows the applicant to live in Monaco as long as desired. After ten years in permanent residency status it is possible to apply for citizenship.

To receive the permanent residency card ("Carte de Sejour") all applicants have to show proof of accommodation. Proof of accommodation may entail acquiring local real estate OR renting an apartment for a minimum of one year OR being the director of a company that holds corporate real estate in Monaco OR providing a letter and proof of property ownership/rental from a close relative with whom the applicant plans to live in Monaco.

In addition, all applicants must demonstrate financial self-sufficiency to live in Monaco. Financial self-sufficiency may be demonstrated by depositing at least EUR 500,000 into a local bank account in the applicant's name OR showing the applicant is employed by a Monaco company OR  forming a new company in Monaco that creates at least ten new jobs OR providing a letter of support from a close relative with whom the applicant plans to live in Monaco.

Monaco imposes no restrictions on foreigners opening bank accounts or owning real estate in the principality. Application processing can take between two to five months.
 

Please contact us for a detailed cost estimate or confidential consultation, or to receive additional information.  Our associated immigration specialists are ready to assist you with attaining your investment objectives and answer any questions you might have about all of Monaco's Residency / Citizenship by Investment programs.
 


Monaco Residency / Citizenship by Investment

Program Information


Maltese Passport
The government of Monaco is offering Monaco residency and citizenship to foreign investors who contribute to the country's economic development.

Monaco, a Mediterranean city-state located on the Cote D'Azur, in the South of France, is a de-facto member of the Schengen Area. The principality is considered as one of the most ideal places of residence in Europe due to its high-class leisure facilities, a pleasant climate, and favorable tax system.

Monaco residents benefit from no personal income tax, making the principality a main choice for high-net worth individuals wishing to relocate to Monaco as their main place of residence. The country has produced streamlined legislation to create an efficient process by which applicants may obtain a residence permit - and citizenship if so desired.

The Monaco permanent residency card ("Carte de Sejour") allow applicants to live in Monaco indefinitely. Permanent residency is granted on the basis of demonstrating proof of accommodation and proof of financial self-sufficiency.

The Monaco Citizenship offers affluent persons of impeccable standing to receive the Monaco (EU) citizenship and passport after ten years in permanent residency status.

Qualified candidates include international business executives, investors, entrepreneurs, public figures, celebrities, VIPs, and important persons - many of which are are active worldwide - who meet the minimum application requirements.

Applicants consider an alternative citizenship and passport a powerful tool for international tax planning and as a safety net should the living conditions at home become undesirable.

 

Application Requirements / Eligibility


To meet the residency program requirements an applicant must be at least 16 years of age and have a clean criminal record. The main applicant may also add dependents to a residency or citizenship application, including his/her spouse or partner in a long and durable relationship, children, and parents under certain conditions.

After ten years in permanent residency status the applicant may file for citizenship.

Application Requirements


All applicants for Monaco residency must show proof of accommodation. The accommodation must be appropriate for the size of the applicant's family. Proof of accommodation can take the following forms:
 
Proof of Accommodation / Option #1: Real Estate Purchase. The applicant invests in property in Monaco. There is no minimum transaction value, but be advised that Monaco real estate is some of the most expensive per square meter in all of Europe due to the city-states small size. The proof of real estate ownership, to be submitted at the time of filing the residency/citizenship application, includes a copy of the deed/purchase contract.

Proof of Accommodation / Option #2: Real Estate Rental. The applicant leases an apartment for a minimum duration of one year. The size of the apartment must be sufficient for the size of the applicant's family. For example, an applicant with a family of four persons should rent an apartment with at least 2 bedrooms to meet the proof of accommodation test. There is no minimum monthly rental cost that must be met. The proof of an apartment rental, to be submitted at the time of filing the residency/citizenship application, includes a copy of the rental contract.
 
Proof of Accommodation / Option #3: Corporate Real Estate Ownership. The applicant is a director or unit holder of a company which owns a house or apartment in Monaco. The proof of corporate real estate ownership  apartment rental, to be submitted at the time of filing the residency/citizenship application, includes a copy of the deed/purchase contract.
  
Proof of Accommodation / Option #4: Living with a Close Relative.
The applicant is staying with a close relative, a spouse, or a partner with whom the applicant is living as a couple. The proof to be submitted at the time of filing the residency/citizenship application, includes a document signed by the owner of the property and a copy of the home owner's deed/purchase contract or rental contract.


In addition to providing proof of accommodation, every applicant must demonstrate financial self-sufficiency. The intent here is to show the Monaco government that applicants can support themselves and their families while living in Monaco.  

Proof of Financial Self-Sufficiency / Option #1: Bank Account Deposit. The applicant opens a bank account in his/her name at one of Monaco's many banks and deposits at least EUR 500,000. The actual amount depends on the bank selected; some banks have higher minimum requirements. Monaco imposes no restrictions on foreigners opening bank accounts or owning real estate in the principality. The proof of deposit, to be submitted at the time of filing the residency/citizenship application, is an official letter issued by the Monaco bank.

Proof of Financial Self-Sufficiency / Option #2: Employment Contract. The applicant demonstrates paid employment with a Monaco company. The proof of deposit, to be submitted at the time of filing the residency/citizenship application, is a copy of the employment contract and a letter issued by the Monaco government authorizing the company to offer employment to the applicant.

Proof of Financial Self-Sufficiency / Option #3: Company Formation. The applicant forms a new company in Monaco, providing at least ten new jobs to Monaco citizens or residents. Authorization to form a new company is to be obtained from the government. The proof of a new company to be formed, to be submitted at the time of filing the residency/citizenship application, is a copy of the government's authorization letter. 
 
Proof of Financial Self-Sufficiency / Option #4: Support from a Close Relative. The applicant is financially supported by a close relative, a spouse, or a partner with whom the applicant is living as a couple. 
 

The timeframe for application processing is approximately two months to five months, or longer if company formation procedure is chosen, subject to having completed all documentation and finalized the proof of accommodation and proof of financial self-sufficiency.


Application Timeline & Payments


Step 1 - Document Preparation. Please use our contact form to receive a complete checklist of application documents and cost estimate for you and your family. If you apply for more than one family ask us about a group discount.

During this step all supporting documents are collected, such as birth certificates, marriage and divorce certificates, as well as police clearance that must be submitted with the application. Further, the proof of accommodation and financial self-sufficiency are prepared. (Our team can advise you on unique/specific real estate searches or present investment options taking into account your investment preferences.) All application forms are completed. This step takes approximately two to three weeks.

Step 2 - Introductory Meeting. At this step the legal team will together with the applicant review the entire application package and file the basic application forms. In this step the applicant will also be prepared for the official meeting in Monaco to follow in Step 3.

Step 3 - Official Interview in Monaco. Approximately three to five weeks after submitting the application the applicant is invited to an official interview in Monaco. In this interview the applicant will be asked about their education, work experience, children (if any), their parents, and other family members. At this meeting all supporting documents, collected at Step 1, are handed to the Monaco government.  

Step 4 - Compliance Checks and Approval. At this stage the Monaco authorities will conduct all due diligence checks. This step takes approximately six to eight weeks to complete. After the conclusion of this step and upon approval of all documents the applicant receives his/her residency card ("Carte de Sejour").

Step 5 - Citizenship Application. Following ten (10) years of permanent residency, the applicant may file for Monaco citizenship if so desired.

   
The application process for residency is expected to take about two to five months. Government filing fees and attorney fees are in addition to the investment minimums.  


Why Monaco?


With its warm and stable climate and convenient geographical position Monaco is considered an attractive place for residence. With over 300 days of sunshine a year Monaco qualifies as one of the sunniest European locations. France borders the country on three sides while the other side borders the Mediterranean Sea. Monaco's most populous Quartier is Monte Carlo.

Monaco is also known as a playground for the rich and famous due to its tax laws. In 2014, it was noted that about 30% of the population are millionaires. The state has no income tax and low business taxes.

Monaco's mild climate, scenery, and gambling facilities have contributed to the principality's status as a tourist destination and recreation center for the rich. In more recent years, Monaco has become a major banking center and has sought to diversify its economy into services and small, high-value-added, non-polluting industries.

Monaco is also the host of the annual street circuit motor race "Monaco Grand Prix".


Advantages of Monaco Residency

Living in Monaco

Permanent Residency grants a EU-Nationals and Non-EU national the right to permanently reside in Monaco. Once granted, the Monaco Residency Card ("Carte de Sejour") covers the whole family: eligible dependents include the spouse or partner in a long and durable relationship, children, and parents under certain conditions.

Visa-Free Travel

The Monaco citizenship offers visa-free travel to more than 160 countries in the world, including the USA, Canada, select countries in the Middle East, Africa, and Asia, as well as most countries in North, Central and South America.

Fast Track Application Processing

Fast track application procedure - all applications are reviewed by the Monaco government within approximately two to five months from the date of filing.

Favorable Tax Structure

Monaco levies no income tax, no wealth tax, no local tax, no property tax, and no capital gains tax on individuals. Corporate tax and inheritance tax are minimal in comparison to other countries.

The absence of a personal income tax in the principality has attracted a considerable number of wealthy residents from European countries who derive the majority of their income from activity outside Monaco.
 

No Donations

Unlike other citizenship by investment programs, Monaco does not require any donations, i.e. non-refundable contributions to the government. Instead, the program is purely investment-based, which means you retain full ownership of the investment. 
 

High Standard of Living

Monaco presents a very high standard of living due to its access to reputable private schools, trustworthy private medical facilities, and having among the lowest crime rates within Europe.


Please use our contact form to obtain a complete checklist of application documents and a fee quotation which depends on the number of family members to be included.

 

Our Qualifications


The legal team consists of 20 professionals working exclusively on Citizenship & Residence matters with a 100% success rate through an honest professional assessment of applicants prior to filing.

In addition to immigration law the firm is providing advisory services to clients ranging from high net worth individuals to owner-managed businesses to larger corporations in the areas of company formation and tax law.
 

Services offered:

  •    • Advising you on your chances of success before filing your application;
  •    • providing you with pre-immigration legal and tax advice;
  •    • guiding you with the preparation of supporting documentation;
  •    • vetting and preparing all supporting documentation for submission;
  •    • corresponding and liaising with government authorities on your behalf during the application process;
  •    • providing continuous application progress updates.

Additional services (if needed):

  •    • Legal and notarial representation on purchase, rental and re-sale of property;
  •    • coordination of architectural surveys, planning applications, and interior designers ;
  •    • personal and corporate international tax planning;
  •    • dealing with all periodical tax matters including annual returns and tax payments;
  •    • drawing up of wills, international probate;
  •    • administration of estates, foundations, trusts;
  •    • advice on the formation & management of trading & holding companies;
  •    • yacht registration.

 

Next Steps:


Step 1 - Contact Us. Please use our contact form to receive a detailed cost estimate for you and your family. There is no fee for this initial consultation.

Step 2 - Document Preparation. During this step all supporting documents are collected, such as birth certificates, marriage and divorce certificates, as well as police clearance that must be submitted with the application. Further, the proof of accommodation and financial self-sufficiency are prepared. (Our team can advise you on unique/specific real estate searches or present investment options taking into account your investment preferences.) All application forms are completed. This step takes approximately two to three weeks.

Step 3 - Introductory Meeting. At this step the legal team will together with the applicant review the entire application package and file the basic application forms. In this step the applicant will also be prepared for the official meeting in Monaco to follow in Step 3.

Step 4 - Official Interview in Monaco. Approximately three to five weeks after submitting the application the applicant is invited to an official interview in Monaco. In this interview the applicant will be asked about their education, work experience, children (if any), their parents, and other family members. At this meeting all supporting documents, collected at Step 1, are handed to the Monaco government.  

Step 5 - Compliance Checks and Approval. At this stage the Monaco authorities will conduct all due diligence checks. This step takes approximately six to eight weeks to complete. After the conclusion of this step and upon approval of all documents the applicant receives his/her residency card ("Carte de Sejour").

Step 6 - Citizenship Application. Following ten (10) years of permanent residency, the applicant may file for Monaco citizenship if so desired.


The application process for residency is expected to take about two to five months to complete. 

Please contact us for a detailed cost estimate or confidential consultation.  Our associated attorneys are ready to assist you with attaining your investment objectives and answer any questions you might have about all of Monaco's Residency / Citizenship by Investment programs.
 


Monaco Residency / Citizenship by Investment

Frequently Asked Questions (FAQ)


The following are questions frequently asked about the Monaco residency / citizenship program. If you don't find your answers here, please contact us at your convenience. 
 

Q: What are some of the reasons Monaco residency or citizenship is attractive to so many international investors?

A: International business executives, investors, and important persons who are active worldwide consider an alternative residency or citizenship and passport a powerful tool for international tax planning and a safety net should the living conditions at home become unbearable.

Applicants realize that the Monaco citizenship provides several benefits, including:
   • Visa free travel to over 160 countries, including the USA, Canada, and Europe
   • Retirement in a safe country with a warm climate
   • A better education for the applicant’s children
   • A better quality of life for the family, including better healthcare and an unpolluted environment
   • Personal security
   • Low tax rates




Q: What is the minimum investment required to obtain the Monaco residency?

A: All applicants must demonstrate financial self-sufficiency to live in Monaco. Financial self-sufficiency may be demonstrated by depositing at least EUR 500,000 into a local bank account in the applicant's name OR showing the applicant is employed by a Monaco company OR forming a new company in Monaco that creates at least ten new jobs OR providing a letter of support from a close relative with whom the applicant plans to live in Monaco.

Applicants must also demonstrate proof of accommodation. Proof of accommodation may entail acquiring local real estate OR renting an apartment for a minimum of one year OR being the director of a company that holds corporate real estate in Monaco OR providing a letter and proof of property ownership/rental from a close relative with whom the applicant plans to live in Monaco.



Q: What is required to obtain the Monaco citizenship?

A: Monaco residents may apply for citizenship (Monaco passport) after ten years in permanent residency status. 



Q: Under the residency / citizenship program, can I include my family in my application?

A: Yes. The main applicant may also add dependents to a residency or citizenship application, including his/her spouse or partner in a long and durable relationship, children, and parents under certain conditions.



Q: As a citizen, am I required to live in Monaco?

A: No. Monaco does not require you to be present or reside in Monaco after approval of your citizenship application.



Q: As a resident or citizen, am I required to own real estate in Monaco?

A: No. Residents or citizens are not required to own real estate. However, they must prove adequate accommodations, which may be shown by purchasing real estate, or renting an apartment, or being a director of a company that own real estate in Monaco, or living with close family member who owns/rents real estate in Monaco.



Q: Will my citizenship expire?

A: No. When you acquire citizenship under the Monaco citizenship program, you and your family enjoy full citizenship for life, which can be passed on to future generations by descent.



Q: How long does it take to get the citizenship and passport? What is the process?

A: Typically, residency application processing takes two to five months to complete. Citizenship may be applied for after 10 years of residency.

Step 1 - Contact Us. Please use our contact form to receive a detailed cost estimate for you and your family. There is no fee for this initial consultation.

Step 2 - Document Preparation. During this step all supporting documents are collected, such as birth certificates, marriage and divorce certificates, as well as police clearance that must be submitted with the application. Further, the proof of accommodation and financial self-sufficiency are prepared. (Our team can advise you on unique/specific real estate searches or present investment options taking into account your investment preferences.) All application forms are completed. This step takes approximately two to three weeks.

Step 3 - Introductory Meeting. At this step the legal team will together with the applicant review the entire application package and file the basic application forms. In this step the applicant will also be prepared for the official meeting in Monaco to follow in Step 3.

Step 4 - Official Interview in Monaco. Approximately three to five weeks after submitting the application the applicant is invited to an official interview in Monaco. In this interview the applicant will be asked about their education, work experience, children (if any), their parents, and other family members. At this meeting all supporting documents, collected at Step 1, are handed to the Monaco government.  

Step 5 - Compliance Checks and Approval. At this stage the Monaco authorities will conduct all due diligence checks. This step takes approximately six to eight weeks to complete. After the conclusion of this step and upon approval of all documents the applicant receives his/her residency card ("Carte de Sejour").

Step 6 - Citizenship Application. Following ten (10) years of permanent residency, the applicant may file for Monaco citizenship if so desired.




Q: How will new residents and citizens be taxed?

A: Monaco levies no income tax, no wealth tax, no local tax, no property tax, and no capital gains tax on individuals. Corporate tax and inheritance tax are minimal in comparison to other countries.



Q: Can you help me find a real estate agent in Monaco?

A: Yes. We would be happy to help you find your ideal residential and/or commercial property. Our professional relationships in Monaco guarantee to our clients a smooth, comprehensive service that includes identifying suitable properties, providing transport for property viewings, drafting/reviewing legal contracts, and/or liaising with local notaries and architects as needed.
 


Q: Can you help me with finding a job?

A: Sorry, the immigration by investment programs were developed by the government to attract high net worth individuals, business owners, VIPs and other individuals with the financial means to support themselves and the local economy.



Q: Can you help me get a tourist or a student visa?

A: Sorry, we cannot assist with tourist or student visas.



Q: What are the major differences among the various immigration by investment programs?

A:  The Bulgaria Citizenship by Investment Program provides the applicant with several investment options starting at EUR 375,000 for European citizenship and passport after five years in residency status. The "fast track option" starts at EUR 660,000 and shortens this period to only 18 months.

The Cyprus Citizenship by Investment Program provides the applicant with several investment options starting at EUR 2,0 million for immediate European citizenship and passport. The entire citizenship application process can be as fast as 90 days.

The Greece Golden Visa allows non-EU applicants to file for Greek residency by way of a EUR 250,000 investment in local real estate. The applicant may file for Greek citizenship after seven years of permanent residency.

The Malta Individual Investor Program provides the applicant with European citizenship in return for a non-refundable donation to the Maltese government in the amount of EUR 650,000 plus a EUR 150,000 investment in approved securities and an investment in real estate. The IIP application process can take between six months and two years to complete. For applicants who are only seeking Malta residency and Schengen travel benefits, options start at an annual recurring expense of EUR 24,000. 

The Monaco Residency / Citizenship Program allows applicants to file for Monaco residency by proving access to sufficient accommodations and financial self-sufficiency. The applicant may file for Monaco citizenship after ten years of permanent residency.

The Portugal Golden Residence Permit Program requires an investment of EUR 350,000 in real estate, or the transfer of 1 Million Euro, or the creation of 10 new jobs in Portugal. After six years of Portuguese residency, citizenship can be applied for.

The Spain Golden Visa requires a EUR 500,000 minimum investment in real estate, or a 1 Million Euro asset transfer, or a 2 Million Euro securities investment, or the creation of a new government-approved business project in return for Spanish residency. After 10 years of residency the applicant may file for citizenship.


Outside of the EU, citizenship by investment programs include those offered by Canada, the United States of America, and the Caribbean nations of Antigua & Barbuda, St. Kitts & Nevis, Grenada, Dominica, and St. Lucia:

Canada offers several residency by investment options, leading to citizenship if desired, starting at CAD 200,000.

The United States EB-5 Program leads to permanent residency status and citizenship in the United States for a minimum investment of USD 500,000 in a commercial enterprise in the U.S. that generates at least 10 jobs for Americans. After five years as a permanent resident the investor may apply for U.S. citizenship.

The Caribbean nations of Antigua & Barbuda, St. Kitts & Nevis, Grenada, Dominica, and St. Lucia offer citizenship programs requiring a cash contribution of at least USD 100,000.


Please contact us for a detailed cost estimate or confidential consultation.  Our associated attorneys are ready to assist you with attaining your investment objectives and answer any questions you might have about the Monaco Residency / Citizenship by Investment programs.
 


Monaco Residency / Citizenship by Investment

Contact Us for a Free Consultation


Monaco Passport
Contact us for a free, detailed cost estimate or confidential consultation by email (or phone / office visit, if preferred).

We will reply to your inquiry by email within one hour!

If you prefer to schedule an in-office meeting please send us your dates of travel so that we may coordinate a time most convenient for you.

Our immigration associates in Monaco are working exclusively on Citizenship & Residence matters and will stand by your side throughout the entire application process, from start to finish. The team will work with you until your residence or citizenship by investment application has been approved and you have received your residence certificate or Monaco (EU) passport.

Do you have any questions? Use our contact form to receive a reply today.
 


Contact Form

Salutation
First name
Last name
E-mail address
 Phone (+ country code)
 Skype (optional)
Address
 
 
 
Please select how you will demonstrate financial self-sufficiency while living in Monaco:
 
I am planning to open a local bank account in Monaco and deposit a minimum of €500,000.
 
I am planning to form a company in Monaco that creates at least 10 new jobs.
 
I have an employment contract issued by a Monaco company.
 
I am being financially supported by a close relative living in Monaco.
 
Other: describe below
 
 
Briefly describe your situation and the number of family members to be included:


 

 
 

Zenturo Ltd.

Residency & Citizenship by Investment Programs Worldwide

394A / 395A, Triq il-Kbira San Guzepp
Santa Venera VLT 1122, Malta

Company Registration No.: C-39472
VAT ID: MT-18142026

Tel: +356 9950 5515

Zenturo Ltd