How long does the Monaco Residency Programme application take?

The Monaco Residency Programme typically takes 3–6 months to process from submission of a complete application.

Can my family be included in the Monaco Residency Programme?

Most Monaco Residency Programme applications allow the inclusion of a spouse and dependent children. Zero capital gains tax, zero wealth tax, zero inheritance tax for direct family members

Does the Monaco Residency Programme lead to citizenship?

Yes. The Monaco Residency Programme offers a path to citizenship after 10 years of holding the permit, subject to meeting residency and other requirements.

What are the key benefits of the Monaco Residency Programme?

Key benefits include: Zero personal income tax — enshrined in Monaco's constitution since 1869; Zero capital gains tax, zero wealth tax, zero inheritance tax for direct family members; World's most exclusive address — the highest concentration of HNW and UHNW individuals globally.

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Residency Programme

Q: How much do I need to invest for the Monaco Residency Programme?

The minimum investment for the Monaco Residency Programme is €1,000,000+. Purchase of residential property in Monaco. Monaco has the world's most expensive real estate market — studio apartments start at approximately €1 million, with larger properties ranging from €5 million to €100 million or more. Property ownership is the most common route to demonstrating the required accommodation commitment.

Monaco

Program Overview

Monaco's residency programme is the most prestigious and exclusive in the world. The Principality of Monaco — a sovereign city-state on the French Riviera — is home to the world's highest concentration of millionaires and billionaires per capita, and its residency is coveted not merely for its tax advantages but for the lifestyle, security, and social environment it provides.

Monaco imposes zero personal income tax on its residents — a policy that has been in place since 1869 and is enshrined in the Principality's constitution. There is no capital gains tax, no wealth tax, and no inheritance tax for direct family members. For ultra-high-net-worth individuals with significant investment income, the tax saving from Monaco residency can be transformative.

Obtaining Monaco residency requires a genuine commitment to the Principality: applicants must demonstrate sufficient financial means, secure qualifying accommodation (either purchased or rented), open a bank account with a Monaco-based bank, and demonstrate a genuine intention to reside in Monaco. The process is not a passive investment scheme — it requires real physical presence and integration. After ten years of continuous residency, Monaco residents become eligible to apply for Monégasque citizenship, one of the rarest and most exclusive citizenships in the world.

Key Highlights

0% personal income tax

World's highest wealth concentration per capita

Citizenship possible after 10 years of residence

Suited For

InvestorHigh Net Worth

Eligibility Requirements

Any nationality — Monaco imposes no nationality restrictions, but the application is highly selective
Proof of sufficient financial means to live in Monaco without working (or proof of employment/business in Monaco)
Qualifying accommodation in Monaco: purchase or rental of a property of appropriate size
Bank account with a Monaco-based bank with a minimum deposit (typically €500,000 or more)
Clean criminal record — comprehensive background checks conducted by the Monaco police
Genuine intention to reside in Monaco — physical presence is expected and monitored
No minimum stay requirement is formally specified, but residency cards require renewal and genuine ties are assessed

Investment Options

Property Purchase

€1,000,000+ (market-dependent)

Purchase of residential property in Monaco. Monaco has the world's most expensive real estate market — studio apartments start at approximately €1 million, with larger properties ranging from €5 million to €100 million or more. Property ownership is the most common route to demonstrating the required accommodation commitment.

Property Rental

€5,000–€50,000+/month

Rental of qualifying residential accommodation in Monaco. Rental prices reflect the Principality's extreme property market — a one-bedroom apartment typically rents for €5,000 to €15,000 per month.

Bank Deposit

€500,000+ (typical minimum)

Opening a bank account with a Monaco-based private bank and maintaining a minimum deposit. The exact amount is not formally specified but is assessed as part of the financial means requirement — €500,000 is a commonly cited practical minimum.

Key Benefits

Zero personal income tax — enshrined in Monaco's constitution since 1869
Zero capital gains tax, zero wealth tax, zero inheritance tax for direct family members
World's most exclusive address — the highest concentration of HNW and UHNW individuals globally
Exceptional security: Monaco has one of the world's lowest crime rates and a police-to-resident ratio unmatched anywhere
Path to Monégasque citizenship after ten years of continuous residency — one of the world's rarest citizenships
French Riviera lifestyle: Mediterranean climate, world-class dining, culture, and events including the Monaco Grand Prix
Proximity to Nice International Airport (7 minutes by helicopter) and major European cities
Spouse and dependent children included in the residency application