On the French Riviera stands Monaco, a sovereign city-state loved for its excellent weather, luxury lifestyle, and delicious cuisine. But that’s just one part of the picture: with its favorable business environment, optimal financial services, and profitable tax regime, Monaco is attracting high-profile expats from all over the world. Indeed, becoming Monaco residents have a host of benefits.
If you are also interested in acquiring Monaco residency, this guide is for you. You will receive detailed information on:
- Tax benefits
- Residency process
- Residency requirements
- Step-by-step guide
- How to obtain Monaco citizenship
How can I get Monaco residency?
If you want to stay more than three months in Monaco, you will need to apply for a Monaco residency card. You are able to become a resident in Monaco if you are:
- Self-employed, or the manager or director of a company in Monaco
- Setting up a business in Monaco
- Employed in Monaco
- Have self-sufficient funds
- Being supported by someone
In addition to providing documentation that proves your statuss, you’ll also have to show proof of accommodation in Monaco, evidence of self-sufficient funds, and proof of good character. Non-EU citizens have to bear in mind that it takes around four to six months to acquire Monaco residency.