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