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Residency in Monaco

Monaco - Residency by Investment

About Monaco

Overview

About Monaco

Monaco is a distinguished microstate on the French Riviera, recognized for upscale living, political stability, and attractive tax policies. Residency allows individuals to enjoy a secure European lifestyle, with easy connections to France, Italy, and the wider EU. Wealthy individuals can obtain residency through financial arrangements such as property ownership or bank deposits, providing full access to healthcare, education, and social services while permitting work, business, or retirement in Monaco.

Capital:MonacoLanguage:FrenchCurrency:Euro (EUR)
Population
Approximately 39,000
Capital
Monaco
Language
French
Currency
Euro (EUR)
Time zone
Central European Time (CET, UTC+1)
Climate
Mediterranean

Why Monaco

Key Points

Why Monaco?

  • Residents are exempt from personal income tax.

  • Opportunities to invest in prime real estate with potential appreciation.

  • Advanced healthcare and educational facilities.

  • Leisure, cultural activities, and Mediterranean lifestyle are readily available.

  • Political stability and a secure economy.

  • Visa-free travel to Schengen countries and beyond.

Process

How it works

  1. Step 1: Step 1

    Prepare documents demonstrating financial means and a clean criminal record.

  2. Step 2: Step 2

    Arrange property purchase or a long-term rental.

  3. Step 3: Step 3

    Open a Monaco bank account with a deposit, usually €500,000+.

  4. Step 4: Step 4

    Submit residency application to Monaco authorities.

  5. Step 5: Step 5

    Attend an interview if requested.

  6. Step 6: Step 6

    Obtain residency permit and register locally.

Eligibility — Requirements

Eligibility

Requirements

6 items

The following list outlines the core eligibility requirements for this program.

  • Minimum age: 18+

  • Clean criminal record

  • Adequate financial means or investment capacity

  • Proof of accommodation in Monaco

  • Good health

  • Intention to reside at least part of the year

Frequently asked questions

Question 1

Initially temporary, valid for 1–3 years, and renewable toward long-term residency.

Question 2

Not required, but proof of regular presence and a local address is necessary.

Question 3

Yes, work is allowed with proper permits.

Question 4

Not mandatory, though it strengthens your application. Long-term rental is also accepted.

Question 5

Yes, spouses and children can join if financial criteria are satisfied.

Why Choose XIPHIAS Immigration?

  • End-to-end MPRP file preparation, due diligence & submissions
  • Property support: shortlists, legal review, and completion assistance
  • Family-first process: dependents handled in one coordinated application
  • Transparent fees and timelines, with regular progress updates
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