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Who is suitable for residency in Monaco?

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

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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

Comply with one of the requirements below

Important to know before applying Monaco residence

Waterstone Consulting

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

WE TAKE CARE OF YOUR PROBLEMS

Home-hunting, property selection and relocation services

Get an individual consultation right now

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

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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. 

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