Monaco Residency by Investment
Monaco Residency / Monaco Citizenship
Program Information
Monaco, a Mediterranean city-state located on the Cote D'Azur, in the South of France, is a de-facto member of the Schengen Area. The principality is considered as one of the most ideal places of residence in Europe due to its high-class leisure facilities, a pleasant climate, and 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. The country has produced streamlined legislation to create an efficient process by which applicants may obtain a residence permit - and citizenship if so desired.
The Monaco permanent residency card ("Carte de Sejour") allow applicants to live in Monaco indefinitely. Permanent residency is granted on the basis of demonstrating proof of accommodation and proof of financial self-sufficiency.
The Monaco Citizenship offers affluent persons of impeccable standing to receive the Monaco citizenship and passport after ten years in permanent residency status.
However, Monaco is not part of the EU. If you seek European citizenship (the EU passport), please visit our website at www.Malta-Citizenship.info.
Qualified candidates include international business executives, investors, entrepreneurs, public figures, celebrities, VIPs, and important persons - many of which are are active worldwide - who meet the minimum application requirements.
Applicants consider an alternative citizenship and passport a powerful tool for international tax planning and as a safety net should the living conditions at home become undesirable.
Application Requirements / Eligibility
To meet the residency program requirements an applicant must be at least 16 years of age and have a clean criminal record. 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.
After ten years in permanent residency status the applicant may file for citizenship.
Application Requirements
All applicants for Monaco residency must show proof of accommodation. The accommodation must be appropriate for the size of the applicant's family. Proof of accommodation can take the following forms:
Proof of Accommodation / Option #1: Real Estate
Purchase.
The applicant invests in property in Monaco. There
is no minimum transaction value, but be advised that Monaco
real estate is some of the most expensive per square meter
in all of Europe due to the city-states small size. The
proof of real estate ownership, to be submitted at the time
of filing the residency/citizenship application, includes a
copy of the deed/purchase contract.
Proof of Accommodation / Option #2: Real Estate Rental. The applicant leases an apartment for a minimum duration of one year. The size of the apartment must be sufficient for the size of the applicant's family. For example, an applicant with a family of four persons should rent an apartment with at least 2 bedrooms to meet the proof of accommodation test. There is no minimum monthly rental cost that must be met. The proof of an apartment rental, to be submitted at the time of filing the residency/citizenship application, includes a copy of the rental contract.
Proof of Accommodation / Option #3: Corporate Real Estate Ownership. The applicant is a director or unit holder of a company which owns a house or apartment in Monaco. The proof of corporate real estate ownership, to be submitted at the time of filing the residency/citizenship application, includes a copy of the deed/purchase contract.
Proof of Accommodation / Option #4: Living with a Close Relative. The applicant is staying with a close relative, a spouse, or a partner with whom the applicant is living as a couple. The proof to be submitted at the time of filing the residency/citizenship application, includes a document signed by the owner of the property and a copy of the home owner's deed/purchase contract or rental contract.
Proof of Accommodation / Option #2: Real Estate Rental. The applicant leases an apartment for a minimum duration of one year. The size of the apartment must be sufficient for the size of the applicant's family. For example, an applicant with a family of four persons should rent an apartment with at least 2 bedrooms to meet the proof of accommodation test. There is no minimum monthly rental cost that must be met. The proof of an apartment rental, to be submitted at the time of filing the residency/citizenship application, includes a copy of the rental contract.
Proof of Accommodation / Option #3: Corporate Real Estate Ownership. The applicant is a director or unit holder of a company which owns a house or apartment in Monaco. The proof of corporate real estate ownership, to be submitted at the time of filing the residency/citizenship application, includes a copy of the deed/purchase contract.
Proof of Accommodation / Option #4: Living with a Close Relative. The applicant is staying with a close relative, a spouse, or a partner with whom the applicant is living as a couple. The proof to be submitted at the time of filing the residency/citizenship application, includes a document signed by the owner of the property and a copy of the home owner's deed/purchase contract or rental contract.
In addition to providing proof of accommodation, every applicant must demonstrate financial self-sufficiency. The intent here is to show the Monaco government that applicants can support themselves and their families while living in Monaco.
Proof of Financial Self-Sufficiency / Option #1:
Bank Account Deposit. The applicant opens a bank
account in his/her name at one of Monaco's many banks and
deposits at least EUR 500,000. The actual amount depends on
the bank selected; some banks have higher minimum
requirements. Monaco imposes no restrictions on foreigners
opening bank accounts or owning real estate in the
principality. The proof of deposit, to be submitted at the
time of filing the residency/citizenship application, is an
official letter issued by the Monaco bank.
Proof of Financial Self-Sufficiency / Option #2: Employment Contract. The applicant demonstrates paid employment with a Monaco company. The proof of deposit, to be submitted at the time of filing the residency/citizenship application, is a copy of the employment contract and a letter issued by the Monaco government authorizing the company to offer employment to the applicant.
Proof of Financial Self-Sufficiency / Option #3: Company Formation. The applicant forms a new company in Monaco, providing at least ten new jobs to Monaco citizens or residents. Authorization to form a new company is to be obtained from the government. The proof of a new company to be formed, to be submitted at the time of filing the residency/citizenship application, is a copy of the government's authorization letter.
Proof of Financial Self-Sufficiency / Option #4: Support from a Close Relative. The applicant is financially supported by a close relative, a spouse, or a partner with whom the applicant is living as a couple.
Proof of Financial Self-Sufficiency / Option #2: Employment Contract. The applicant demonstrates paid employment with a Monaco company. The proof of deposit, to be submitted at the time of filing the residency/citizenship application, is a copy of the employment contract and a letter issued by the Monaco government authorizing the company to offer employment to the applicant.
Proof of Financial Self-Sufficiency / Option #3: Company Formation. The applicant forms a new company in Monaco, providing at least ten new jobs to Monaco citizens or residents. Authorization to form a new company is to be obtained from the government. The proof of a new company to be formed, to be submitted at the time of filing the residency/citizenship application, is a copy of the government's authorization letter.
Proof of Financial Self-Sufficiency / Option #4: Support from a Close Relative. The applicant is financially supported by a close relative, a spouse, or a partner with whom the applicant is living as a couple.
The timeframe for application processing is approximately two months to five months, or longer if company formation procedure is chosen, subject to having completed all documentation and finalized the proof of accommodation and proof of financial self-sufficiency.
Application Timeline & Payments
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.
The application process for residency is expected to take about two to five months to complete.
Why Monaco?
With its warm and stable climate and convenient geographical position Monaco is considered an attractive place for residence. With over 300 days of sunshine a year Monaco qualifies as one of the sunniest European locations. France borders the country on three sides while the other side borders the Mediterranean Sea. Monaco's most populous Quartier is Monte Carlo.
Monaco is also known as a playground for the rich and famous due to its tax laws. In 2014, it was noted that about 30% of the population are millionaires. The state has no income tax and low business taxes.
Monaco's mild climate, scenery, and gambling facilities have contributed to the principality's status as a tourist destination and recreation center for the rich. In more recent years, Monaco has become a major banking center and has sought to diversify its economy into services and small, high-value-added, non-polluting industries.
Monaco is also the host of the annual street circuit motor race "Monaco Grand Prix".
Advantages of Monaco Residency
Living in Monaco
Permanent Residency grants EU Nationals and Non-EU Nationals the right to permanently reside in Monaco. Once granted, the Monaco Residency Card ("Carte de Sejour") covers the whole family: eligible dependents include the spouse or partner in a long and durable relationship, children, and parents under certain conditions.Visa free travel
The Monaco residency allows visa-free travel to the 26 Schengen zone countries, while 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.Fast Track Application Processing
Fast track application procedure - all applications are reviewed by the Monaco government within approximately two to five months from the date of filing.Favorable Tax Structure
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.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.
No Donations
Unlike other citizenship by investment programs, Monaco does not require any donations, i.e. non-refundable contributions to the government.High Standard of Living
Monaco presents a very high standard of living due to its access to reputable private schools, trustworthy private medical facilities, and having among the lowest crime rates within Europe.Our Qualifications
The legal team consists of immigration specialists who will stand by your side throughout the entire application process, from start to finish. We will work with you until your Monaco citizenship or residency by investment application has been approved and you have received your residence certificate or passport.
In addition to immigration law our associates are providing advisory services to clients including high net worth individuals, owner-managed businesses, and larger corporations in the areas of company formation and tax law.
Services offered:
-
• Advising you on your chances of success before filing your application;
-
• providing you with pre-immigration legal and tax advice;
-
• guiding you with the preparation of supporting documentation;
-
• vetting and preparing all supporting documentation for submission;
-
• corresponding and liaising with government authorities on your behalf during the application process;
-
• providing continuous application progress updates.
Additional services (if needed):
-
• Legal and notarial representation on purchase, rental and re-sale of property;
-
• coordination of architectural surveys, planning applications, and interior designers ;
-
• personal and corporate international tax planning;
-
• dealing with all periodical tax matters including annual returns and tax payments;
-
• drawing up of wills, international probate;
-
• administration of estates, foundations, trusts;
-
• advice on the formation & management of trading & holding companies;
-
• yacht registration.
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
Telegram: +356 9991 4125
WeChat: ZenturoSupport
Skype: Zenturo Ltd. Support
Service Inquiries: service@zenturo.zenturo.com
General Counsel: legal@zenturo.zenturo.com
Company Registration No.: C-39472
VAT ID: MT-18142026
Zenturo Ltd. is a global professional services firm with an international reach, providing services to businesses and high-net-worth individuals worldwide since 2006.
Our technology-centric approach offers client support at the lowest cost possible without fees charged by intermediaries.
Transparency, honesty, and integrity are at the core of our values.
Our immigration attorneys are government-licensed Authorized Registered Mandatories, a designation required by the Malta Government to file Malta citizenship or residency by investment applications.
We offer several communication channels, including email, phone, chat, Zoom, and private in-office meetings.
Zenturo Ltd.
Residency & Citizenship by Investment Programs Worldwide
394A / 395A, Triq il-Kbira San Guzepp
Santa Venera, SVR 1016
Malta
Phone: +356 9950 5515
WhatsApp: +356 9991 4125
Telegram: +356 9991 4125
WeChat: ZenturoSupport
Skype: Zenturo Ltd. Support
Service Inquiries: service@zenturo.zenturo.com
General Counsel: legal@zenturo.zenturo.com
Company Registration No.: C-39472
VAT ID: MT-18142026
- "They explained the program very clearly and addressed all of my questions." NH
- "They know their stuff and currently help me with my citizenship by investment to Malta. They are also connected to different lawyers who can help with other countries. Highly recommended." BN
- "My queries were answered so quickly - with messages at first and a personal call within hours. Everything was explained so thoroughly and professionally. A reliable consultant and one-stop-centre." MA
- "I enquired about a property investment in Malta and was contacted promptly by supportive and professional staff that provided me with the information and direction I needed to move forward." CB
- "Very friendly and approachable - assisted me all the way through the end." SA
- "Fast response, polite and very informative. Would definitely recommend." JN
- "I sent an inquiry to the firm and immediately received a reply from their attorney." RH
- "Excellent and fast service." JS
© Zenturo Ltd. All rights reserved.