Residence in Monaco - Waterstone Consulting

Residence permit and tax residence in Monaco

Professionally and Easy with Waterstone Consulting

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Who is suitable for residency in Monaco?

FOR WEALTHY
CITIZENS

Wealthy citizens who receive an income from business or investment outside of Monaco

WHO LOOKS FOR TAX OPTIMIZATION

For citizens wishing to optimize and reduce their taxation

FEMALES WHO WISH LIVING IN MONACO

For citizens wishing to live several months a year in Monaco, without the limitation of stay

FOR WEALTHY CITIZENS

Wealthy citizens who receive an income from business or investment outside of Monaco

FOR THOSE WHO LOOKS FOR TAX OPTIMIZATION

For citizens wishing to optimize and reduce their taxation

FOR THOSE WHO WISH LIVING IN MONACO

For citizens wishing to live several months a year in Monaco, without the limitation of stay

Request a consultation

Monaco Residence Advantages

TAX OPTIMIZATION AND PRESERVATION OF CAPITAL

Very attractive conditions for tax optimization, both for individuals and legal entities:
- Exemption from income tax, real estate tax, capital gain tax, luxury and income tax for individuals
- Companies registered in Monaco do not pay corporate income taxes if their turnover outside the country does not exceed 25%

HIGH STANDARD OF LIVING AND SAFETY

- High quality of life and education, various cultural, entertainment and sports infrastructure
- Great mediterranean climate
- Guaranteed security

VISA FREE TRAVEL TO SCHENGEN AREA AND GREAT EUROPEAN LOCATION

- With Monaco residence permit you can freely travel in Schengen area up to 90 days every six months
- Monaco is located between Italy and France, 30 km from the biggest airport in France
- Direct flights to the main European capitals, as well as to other countries of the world

FAVOURABLE INVESTMENT CLIMATE

- Wide range of banks
- Political and economical stability
- Favorable tax conditions to do business for foreigners
- Stable real estate market, possibility to invest in a reliable and profitable asset without paying the property tax

REQUIREMENTS FOR APPLICANT

- Lack of default payments and investments
- Possibility of obtaining residence permit without owning a property, only with a lease contract
- Lack of requirements regarding business investment
- Lack of requirements regarding permanent residence in the country

TERMS AND CONDITIONS FOR THE RECIPIENT

How to get residency in Monaco

Applicant Requirements

Proof of sufficiency of financial resources

For an individual: to open a bank accaunt in Monaco and to prove that you have sufficient financial resources to live in the Principality

Minimum amount of the required deposit varies from € 500,000 to € 1,000,000

For a legal entity: proof of income from the activities of a Monaco registered company, or an independent commercial activity on the territory of the Principality is required

For an individual: to open an account at the bank in Monaco and to prove that you have sufficient financial resources to live in the Principality

Minimum amount of the required deposit varies from € 500,000 to € 1,000,000

For a legal entity: proof of income from the activities of a Monaco registered company, or an independent commercial activity on the territory of the Principality is required

Ask consultant

Comply with one of the requirements below

Real Estate Purchase
Ownership certificate of property in Monaco on the name of the applicant Minimum cost - € 1.000.000

Property Rental
Lease agreement for a property in Monaco for minimum one year

Corporate Real Estate
Proof that the applicant is the director or unit holder of a company which owns a house or an apartment in Monaco

Staying with close relatives
Proof that the applicant is living with a close relative, such as a spouse or partner

Real Estate Purchase
Ownership certificate of property in Monaco on the name of the applicant Minimum cost - € 1.000.000

Property Rental
Lease agreement for a property in Monaco for minimum one year

Corporate Real Estate
Proof that the applicant is the director or unit holder of a company which owns a house or an apartment in Monaco

Staying with close relatives
Proof that the applicant is living with a close relative, such as a spouse or partner

Ask consultant

Proof of good reputation and trustworthiness

Proof of a completely clean criminal record, links to politics and similar

Proof of good reputation and trustworthiness

Proof of a completely clean criminal record, links to politics and similar

Ask consultant

Important to know before applying Monaco residence

• It is possible to obtain a residence permit for family members.

• Each candidate for residence permit is evaluated separately, according to all characteristics. Even in case of conformity, a residence permit may be refused by the administration’s decision.

• To receive the tax residency you must reside in Monaco at least 183 days per year. Compliance with this rule is the subject of inspections from authorities.

• You dont need to be a property owner to obtain a residence card. A long-term rental agreement is enough.

• A visa is issued for 1 year with possibility of extension. After a certain period is possible to obtain a long-term residence permit.

• In order to obtain a resident card, both in case of renting or buying real estate, is necessary to comply with strict requirements regarding the surface of the property and the number of bedrooms, depending on the number of family members

• It is possible to obtain a residence permit for family members.

• Each candidate for residence permit is evaluated separately, according to all characteristics. Even in case of conformity, a residence permit may be refused by the administration’s decision.

• To receive the tax residency you must reside in Monaco at least 183 days per year. Compliance with this rule is the subject of inspections from authorities.

• You dont need to be a property owner to obtain a residence card. A long-term rental agreement is enough.

• A visa is issued for 1 year with possibility of extension. After a certain period is possible to obtain a long-term residence permit.

• In order to obtain a resident card, both in case of renting or buying real estate, is necessary to comply with strict requirements regarding the surface of the property and the number of bedrooms, depending on the number of family members

Steps to obtain residency in Monaco

Formalities

At this stage, you will contact our experts. And you will get a preliminary consultation and sign a contract with our company for sevices providing.

Dossier preparation

Detailed list of required documents for applying. Selection of accommodation.Opening of a bank account. Preparation of a full package of documents in accordance with the program requirements.

Application Submission

An application for residence permit together with documents confirming housing and financial resources of the applicant are submitted to the Monaco authorities.

Interview in Monaco

Each application is personally considered. After applying, the applicant must go to the Residents Section of the Directorate of Public Security who is in charge of the procedures for obtainment of residence permits. Our specialists will assist you.

Application verification process

Each application is carefully examined by the authorized services. The documents accompanying the application and the contained data are thoroughly checked.

Application approval

The Monaco Government will inform about decision by sending a letter to the applicant.

Getting resident card

Holders of EU passports can expect to receive a resident card within 8 weeks after approval of the application. For other countries citizens, this process can take from 16 to 20 weeks. In order to obtain the status of a tax resident of Monaco, you must live in the country for at least six months.

APPLICATION REVIEW AND DOSSIER PROCESS TAKES FROM 2 TO 6 MONTHS

Our services for obtaining a residence permit in Monaco

EXPERT ADVICE

The program is suitable for businessmen or investors who want to conduct business and live more than 3 months a year in Monaco or Europe and not have restrictions on the length of stay

ASSISTANCE IN GETTING «D» VISA

Consultation and assistance in document package preparation for obtaining "D" visa. Personal assistance

RESIDENCE PERMIT AND BIOMETRIC PROCESS COLLECTION – PERSONAL ASSISTANCE

Assistance in dossier and documents preparation for Monaco residence permit application. Full period personal assistance. Support during the biometric collection process

FINAL STEPS

We provide assistance in registration of the applicant’s address in Municipality of Monaco after receiving the residence permit card

EXPERT ADVICE

The program is suitable for businessmen or investors who want to conduct business and live more than 3 months a year in Monaco or Europe and not have restrictions on the length of stay

ASSISTANCE IN GETTING «D» VISA

Consultation and assistance in document package preparation for obtaining "D" visa. Personal assistance

RESIDENCE PERMIT AND BIOMETRIC PROCESS COLLECTION – PERSONAL ASSISTANCE

Assistance in dossier and documents preparation for Monaco residence permit application. Full period personal assistance. Support during the biometric collection process

FINAL STEPS

We provide assistance in registration of the applicant’s address in Municipality of Monaco after receiving the residence permit card

Order our services

WE TAKE CARE OF YOUR PROBLEMS

Home-hunting, property selection and relocation services

Long-term rental property in Monaco

Apartments and houses selection according to your requirements, negotiations with landlords and organization of the viewing, contract signing assistance, check-in protocol signing assistance, utilities agreements and relocation to a new place - “concierge service” and “family office services”

Buying a property in Monaco

House hunting apartments, houses, land and commercial real estate, negotiations with sellers, organization of viewing, full legal support during transactions, relocation services - “concierge service” and “family office services”

Temporary accommodation in Monaco

Selection and booking of hotels, apart-hotels, furnished apartments. We will quickly find you a temporary accommodation according to your criteria.

Long-term rental property in Monaco

Apartments and houses selection according to your requirements, negotiations with landlords and organization of the viewing, contract signing assistance, check-in protocol signing assistance, utilities agreements and relocation to a new place - “concierge service” and “family office services”

Buying a property in Monaco

House hunting apartments, houses, land and commercial real estate, negotiations with sellers, organization of viewing, full legal support during transactions, relocation services - “concierge service” and “family office services”

Temporary accommodation in Monaco

Selection and booking of hotels, apart-hotels, furnished apartments. We will quickly find you a temporary accommodation according to your criteria.

Order our services

Advantages to apply Monaco residence permit with WATERSTONE CONSULTING

Our company is part of a holding including two companies in France specialized in sale, rental and management of luxury real estate

We will help you to select the best property according to the requirements

We fully manage your project. Our experts are fluent in French and English

We will help you to prepare the documents package in accordance to all requirements

We value our reputation and we want you to be satisfied with the provided services

Advantages to apply Monaco residence permit with WATERSTONE CONSULTING

Our company is part of a holding including two companies in France specialized in sale, rental and management of luxury real estate

We will help you to select the best property according to the requirements

We fully manage your project. Our experts are fluent in French and English

We will help you to prepare the documents package in accordance to all requirements

We value our reputation and we want you to be satisfied with the provided services

Get an individual consultation right now

Phone/ WhatsApp/ Viber: +33 (0) 6 79 60 72 45

Call now

USEFUL VIDEOS FROM OUR EXPERT

What do you need to know before obtaining the residency of Monaco?

Other services in Monaco might be of your interest

We help our clients to solve issues in different areas, but we always guarantee a professional approach, and a total immersion in the presented tasks. We always work in the client's best interest.

Contact us

Phone

+ 33 (0)6 33 59 99 91
+ 33 (0)6 79 60 72 45

Address

20, boulevard Rainier III C/ BBC Le Soleil d’Or 98000 Monaco

E-mail

monaco@waterstone-consulting.com

Phone

+ 33 (0)6 33 59 99 91
+ 33 (0)6 79 60 72 45

Address

20, boulevard Rainier III C/ BBC Le Soleil d’Or 98000 Monaco

E-mail

monaco@waterstone-consulting.com

RESIDENCE PERMIT AND TAX RESIDENCE IN MONACO

Professionally and Easy with Waterstone Consulting

Residence permit and tax residence in Monaco

Professionally and Easy with Waterstone Consulting

Who is suitable for residency in Monaco?

FOR WEALTHYCITIZENS

WHO LOOKS FOR TAX OPTIMIZATION

FEMALES WHO WISH LIVING IN MONACO

FOR WEALTHY CITIZENS

FOR THOSE WHO LOOKS FOR TAX OPTIMIZATION

FOR THOSE WHO WISH LIVING IN MONACO

Monaco Residence Advantages

TAX OPTIMIZATION AND PRESERVATION OF CAPITAL

HIGH STANDARD OF LIVING AND SAFETY

VISA FREE TRAVEL TO SCHENGEN AREA AND GREAT EUROPEAN LOCATION

FAVOURABLE INVESTMENT CLIMATE

REQUIREMENTS FOR APPLICANT

TERMS AND CONDITIONS FOR THE RECIPIENT

How to get residency in Monaco

Applicant Requirements

Proof of sufficiency of financial resources

For an individual: to open a bank accaunt in Monaco and to prove that you have sufficient financial resources to live in the Principality Minimum amount of the required deposit varies from € 500,000 to € 1,000,000

For a legal entity: proof of income from the activities of a Monaco registered company, or an independent commercial activity on the territory of the Principality is required

For an individual: to open an account at the bank in Monaco and to prove that you have sufficient financial resources to live in the Principality Minimum amount of the required deposit varies from € 500,000 to € 1,000,000

For a legal entity: proof of income from the activities of a Monaco registered company, or an independent commercial activity on the territory of the Principality is required

Comply with one of the requirements below

Real Estate Purchase Ownership certificate of property in Monaco on the name of the applicant Minimum cost - € 1.000.000

Property Rental Lease agreement for a property in Monaco for minimum one year

Corporate Real Estate Proof that the applicant is the director or unit holder of a company which owns a house or an apartment in Monaco

Staying with close relatives Proof that the applicant is living with a close relative, such as a spouse or partner

Real Estate Purchase Ownership certificate of property in Monaco on the name of the applicant Minimum cost - € 1.000.000

Property Rental Lease agreement for a property in Monaco for minimum one year

Corporate Real Estate Proof that the applicant is the director or unit holder of a company which owns a house or an apartment in Monaco

Staying with close relatives Proof that the applicant is living with a close relative, such as a spouse or partner

Proof of good reputation and trustworthiness

Proof of a completely clean criminal record, links to politics and similar

Proof of good reputation and trustworthiness

Proof of a completely clean criminal record, links to politics and similar

Important to know before applying Monaco residence

Steps to obtain residency in Monaco

Formalities

Dossier preparation

Application Submission

Interview in Monaco

Application verification process

Application approval

Getting resident card

APPLICATION REVIEW AND DOSSIER PROCESS TAKES FROM 2 TO 6 MONTHS

Our services for obtaining a residence permit in Monaco

EXPERT ADVICE

ASSISTANCE IN GETTING «D» VISA

RESIDENCE PERMIT AND BIOMETRIC PROCESS COLLECTION – PERSONAL ASSISTANCE

FINAL STEPS

EXPERT ADVICE

ASSISTANCE IN GETTING «D» VISA

RESIDENCE PERMIT AND BIOMETRIC PROCESS COLLECTION – PERSONAL ASSISTANCE

FINAL STEPS

WE TAKE CARE OF YOUR PROBLEMS

Home-hunting, property selection and relocation services

Long-term rental property in Monaco

Buying a property in Monaco

House hunting apartments, houses, land and commercial real estate, negotiations with sellers, organization of viewing, full legal support during transactions, relocation services - “concierge service” and “family office services”

Temporary accommodation in Monaco

Selection and booking of hotels, apart-hotels, furnished apartments. We will quickly find you a temporary accommodation according to your criteria.

Long-term rental property in Monaco

Buying a property in Monaco

House hunting apartments, houses, land and commercial real estate, negotiations with sellers, organization of viewing, full legal support during transactions, relocation services - “concierge service” and “family office services”

Temporary accommodation in Monaco

Selection and booking of hotels, apart-hotels, furnished apartments. We will quickly find you a temporary accommodation according to your criteria.

Advantages to apply Monaco residence permit with WATERSTONE CONSULTING

Our company is part of a holding including two companies in France specialized in sale, rental and management of luxury real estate

We will help you to select the best property according to the requirements

We fully manage your project. Our experts are fluent in French and English

We will help you to prepare the documents package in accordance to all requirements

We value our reputation and we want you to be satisfied with the provided services

Advantages to apply Monaco residence permit with WATERSTONE CONSULTING

Our company is part of a holding including two companies in France specialized in sale, rental and management of luxury real estate

We will help you to select the best property according to the requirements

We fully manage your project. Our experts are fluent in French and English

We will help you to prepare the documents package in accordance to all requirements

RESIDENCE PERMIT AND
TAX RESIDENCE IN MONACO

FOR WEALTHY
CITIZENS

For an individual: to open a bank accaunt in Monaco and to prove that you have sufficient financial resources to live in the Principality

Minimum amount of the required deposit varies from € 500,000 to € 1,000,000

For an individual: to open an account at the bank in Monaco and to prove that you have sufficient financial resources to live in the Principality

Minimum amount of the required deposit varies from € 500,000 to € 1,000,000

Real Estate Purchase
Ownership certificate of property in Monaco on the name of the applicant Minimum cost - € 1.000.000

Property Rental
Lease agreement for a property in Monaco for minimum one year

Corporate Real Estate
Proof that the applicant is the director or unit holder of a company which owns a house or an apartment in Monaco

Staying with close relatives
Proof that the applicant is living with a close relative, such as a spouse or partner

Real Estate Purchase
Ownership certificate of property in Monaco on the name of the applicant Minimum cost - € 1.000.000

Property Rental
Lease agreement for a property in Monaco for minimum one year

Corporate Real Estate
Proof that the applicant is the director or unit holder of a company which owns a house or an apartment in Monaco

Staying with close relatives
Proof that the applicant is living with a close relative, such as a spouse or partner