Monaco
Residency by Investment
Europe
Time to Residency
3 – 6 Months
Visa-Free Access
All 29 Schengen Area Countries
Passport Rank
6th in the world
Minimum Investment
€500,000 EUR
Residency Requirements
3 Months per Year
Establishment Date
1963
Bank Deposit
Deposit a minimum of €500,000 EUR with a Monaco-registered bank as proof of financial self-sufficiency. A formal letter of evidence from the bank must be submitted as part of the residency application. Note that many private banks in Monaco may require higher deposits, often starting from €1,000,000 EUR, depending on individual circumstances.
Real Estate Purchase
Purchase a residential property in Monaco. There is no official minimum transaction value, however Monaco is the most expensive real estate market in the world, with prices typically starting from €1,000,000 EUR and averaging €50,000 – €100,000 EUR per square metre in prime areas.
Property Rental
Enter into a minimum one-year lease agreement for a residential property in Monaco. The property must be of sufficient size to accommodate the applicant and their family. Rental proof must be submitted alongside all other required documents at the time of application.
Flag
Monaco’s flag is one of the simplest in the world — two equal horizontal bands of red on top and white below. The colours are derived directly from the heraldic shield of the Grimaldi dynasty, which has ruled Monaco since 1297. Red and white have been the symbols of the House of Grimaldi for over seven centuries.
Coat of Arms
The shield displays the Grimaldi family’s traditional red and white diamond pattern (lozenges), flanked by two monks brandishing swords — a reference to the legendary 1297 capture of the Rock of Monaco by Francesco Grimaldi disguised as a monk. A royal crown sits above the shield, and the motto “Deo Juvante,” meaning “With God’s Help,” runs below.
Country Capital
Monaco (city-state)
Population
38,400
Language
French
Currency
Euro (EUR)
Exchange Rate
1 USD = 0.9 EUR
Government Type
Constitutional Monarchy
What is the Monaco Residency by Investment Program?
Monaco’s Residency by Investment Program allows non-EU nationals to obtain a Monaco residence permit by demonstrating financial self-sufficiency through a qualifying bank deposit and proof of accommodation within the principality.
What is the minimum investment required for Monaco residency?
Applicants must deposit a minimum of €500,000 EUR with a Monaco-registered bank to demonstrate financial self-sufficiency. Many private banks require higher deposits, often from €1,000,000 EUR, depending on individual circumstances.
Who is eligible to apply for Monaco residency?
The program is open to non-EU nationals who are at least 18 years old, hold a clean criminal record, can demonstrate verifiable financial self-sufficiency, and hold comprehensive health insurance valid in Monaco. Non-EU nationals must also obtain a long-stay visa from a French consulate prior to applying.
What are the tax benefits of residing in Monaco?
Monaco residents are subject to no personal income tax, no capital gains tax, no wealth tax, and no property tax — making it the only genuine zero-tax jurisdiction in Europe for individuals. This makes Monaco one of the most financially advantageous places of residence in the world for high-net-worth individuals.
How long does the Monaco residency application process take?
The process typically takes between 3 to 6 months. EU nationals generally experience shorter processing times as they do not require a long-stay visa. Non-EU nationals should allow additional time for the French consulate visa stage.
Can family members be included in a Monaco residency application?
Yes, eligible family members including a spouse and dependent children may be included in the same application. Each family member must individually provide a clean criminal record and all other supporting documentation.
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