Residence permit in Monaco

RESIDENCY IN MONACO FOR FINANCIALLY INDEPENDENT APPLICANTS

The Principality of Monaco is not just a paragon of good taste, luxurious receptions, yachts, casinos, and Formula 1, it also provides its residents with unique opportunities for living and doing business. Residency in Monaco is like being a member of an elite club, and it gives a wide range of possibilities for living comfortably in Europe.

Receiving a residency permit for Monaco is a simple and straightforward procedure thanks to the principality’s program for affluent individuals. To take advantage of this program, you only need to show that you have your own funds in a bank account and receive a steady income from outside of Monaco. Thus, every applicant capable of proving his/her financial independence, without support from the state, has the right to receive a Monaco temporary residency permit.


Advantages of Monaco temporary residency

  • Live in Monaco and move freely around Europe – Holders of Monaco temporary residency can not only live year-round within the principality, they can also travel visa-free and without time limits throughout the Schengen space.
  • The program is straightforward – Monaco’s program for temporary residency for affluent individuals does not oblige you to do business, make any investments, work, pay additional taxes, etc.
  • It’s easy to apply – The entire procedure up to the moment you receive a decision on your Monaco residency, can be done in your own country through the French consulate.

The simplest opportunity for receiving a residency permit in Europe for affluent individuals.


Conditions for participating in the Monaco temporary residency program

  • Your own funds in a sufficient amount in a bank account in Monaco
  • Your own funds in a sufficient amount in a bank account outside of Monaco
  • Proof of a steady income outside of Monaco
  • Your own or rental property in Monaco

Through living in Monaco for more than 183 days in a year and proving that they continue to meet the conditions under which the residency permit was issued, applicants can extend the temporary residency permit practically automatically.

Opportunities this brings you

  • Live year-round in Monaco
  • Move freely around the EU countries
  • Live in the heart of Europe
  • Economic and political stability
  • Tax advantages
  • Personal safety
  • High-quality medical services
  • High social standards and guarantees
  • Send your children to European schools
  • Expand your business in the EU and transform it towards the euro market

Documents you need

  • Passport
  • Birth certificate
  • Marriage certificate (if applicable)
  • Birth certificates of children (if applicable)
  • Attestation that you lack a criminal record
  • Proof that you own real estate in Monaco or a rental agreement
  • Certificate that you have opened a bank account in Monaco
  • Bank statement showing the required amount in a bank account in Monaco
  • Bank statement showing the required amount in a bank account outside Monaco
  • Proof of a steady income outside Monaco

Our company’s services

  • Legal support in establishing Monaco temporary residency

THIS INCLUDES

  • Support during the process of legalizing the applicant’s personal documents
  • Preparing the applicant’s set of documents for submission to the consulate
  • Preparing the applicant for the interview at the consulate
  • Accompanying the applicant to the municipality to submit the temporary residency application

Additional services

  • Assistance in opening a bank account in Monaco
  • Accompanying applicant to consulate interview
  • Assistance in obtaining medical insurance
  • Assistance in establishing ownership of real estate
  • Extension of temporary residency

Obtaining temporary residency – the process and payment stages

  • A contract with our company is signed
  • Applicant provides the initial set of documents for preparing a file
  • An advance payment is made of 50% of the price of our services
  • Ordering and payment of any additional services
  • Applicant receives the complete file, and is also prepared for his/her visit to the French consulate for the interview + 40% of the price of our services
  • Interview at the French consulate (accompanied by us, if necessary)
  • The application is reviewed (generally takes up to 30 days)
  • Applicant receives a positive decision and a D visa allowing him/her to visit Monaco to obtain a temporary residence permit
  • Visit to Monaco to open a bank account and submit documents for a temporary residence permit + obtaining statements and other documents which you must request in person
  • Visit to Monaco to receive a temporary residence card + payment of the remaining 10% of the price of our services

Are you interested in Monaco temporary residency? Click here to take the next step!

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