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, INCLUDING the USAThe 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 familyMonaco 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 HavenMonaco 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. VIP's 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 / CitizenshipResidency 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 the Residency / Citizenship by Investment program of Monaco.