Monaco Golden Visa & residency programme

Residence permit in Monaco for investment

For many decades, the Principality has retained its status as one of the most popular European destinations for the wealthy due to its favourable location, strong economy, low taxes, and high quality of life. Adult foreigners interested in immigrating to Monaco can obtain a golden visa by proving their financial solvency and the availability of residential real estate in the territory of the state.

How to confirm the availability of residential real estate in the country:

• Acquire a residence worth €500,000 or more. A certificate of ownership must be included in the package of documents to participate in the programme.
• Rent a property. In this case, you will need to provide a contract for 1 year or more.
• Own the real estate of the company. Documentation confirming that the applicant is the owner or manager will be required.
• Residency of relatives. The applicant may reside with family members who own real estate in the Principality.

To prove financial solvency, one of the following proofs must be provided:

• A statement of a local bank account with €0.5–1 million.
• An employment contract with a local company.
• A document proving the existence of income from a company or independent commercial activity in the Principality (for legal persons).
• A document proving financial support from a spouse.

The applicant first receives a Temporaire Temporary Card for 1 year, which is renewed annually for 3 years. Then a 3-year Ordinaire card is issued, which can also be renewed three times.

After 10 years of residence in the country, the foreigner and his/her family members can apply for a renewable 10-year Privilégié card, which is the closest equivalent to a residence permit in Monaco, or apply for a passport in Monaco.

Requirements for obtaining a residence permit in Monaco

The main conditions for obtaining a residence certificate in Monaco are:

• Age: from 16 years old.
• No criminal record.
• Financial solvency.
• Availability of housing in the territory of the state.

The application may include the investor's spouse, minor and financially dependent children.

Documents to obtain a residence permit in Monaco

The basic package of documents for applying for an investor’s residence permit in Monaco includes:

• A completed application form with a photograph.
• A certificate of ownership, rental contract, or proof of free accommodation signed by the person you are living with (they will also need to prove ownership or rental of the property).
• A bank statement or other documents proving financial solvency.
• Employment contract or other documents confirming that you have a legal source of income.
• Birth certificate.
• Passport.
• A certificate of no criminal record.
• Health insurance policy.
• Receipts for payment of state fees and taxes.
• Documents confirming fulfilment of investment conditions.

Citizenship by investment in Monaco

Foreigners can apply for a permanent resident card in Monaco or a passport after 10 years of residence with the resident status. To qualify, they must stay in the state for a minimum of 183 days each year, as well as having close ties with local society and making a significant contribution to the economy.