Monaco Residency /
Citizenship
Citizenship
Monaco Residency / Monaco Citizenship
Frequently Asked Questions
Q: What are some of the reasons Monaco residency or citizenship is attractive to so many international applicants?
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
• 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 qualification 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. For more details see the program information page.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.) 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.
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.) 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, most immigration programs around the world were developed by governments 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 512,000 for European citizenship and passport after five years in residency status. The "fast track option" starts at EUR 390,000 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 3 - 6 months.
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 5 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 US-Dollar 900,000 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 US-Dollar 100,000.
Please contact us for a detailed cost estimate or confidential consultation. Our associated attorneys are ready to assist you with attaining your objectives and answer any questions you might have about the Monaco Residency / Citizenship program.
Zenturo Ltd.
Residency & Citizenship by Investment Programs Worldwide394A / 395A, Triq il-Kbira San Guzepp
Santa Venera SVR 1016, Malta
Phone: +356 9950 5515
WhatsApp: +356 9991 4125
WeChat: ZenturoSupport
Skype: Zenturo Ltd. Support
Company Registration No.: C-39472
VAT ID: MT-18142026