Monaco Golden Visa: Everything You Need to Know
- Real Estate Investment: Firstly, you must either buy or lease property in Monaco that meets the accommodation requirements.
- Financial Self-Sufficiency: Secondly, applicants need to prove they have enough financial means to support themselves without working in Monaco. A deposit of €500,000 in a local bank is required.
- Finally, applicants must also be over 18 and have no criminal record to be eligible for Monaco’s Golden Visa.
- Minimum Investment: €500,000
- Investment Options: Purchase of property or a deposit with a local bank
- Accommodation: Proof of accommodation for the applicant and family
- No Physical Presence Requirement: There is no mandatory minimum stay in Monaco
- Family Eligibility: Spouse, partner, and dependent children above 18 can apply
- Processing Time: Around 3 months
- Contact a Local Agency: Firstly, it is important to work with an agency experienced in Monaco residency applications.
- Gather the Required Documents: This includes proof of accommodation, financial statements, and a criminal background check.
- Submit Your Application: Submit your completed application to Monaco’s Directorate of Public Security.
- Residency Interview: You may be invited for an official residency interview after your application is reviewed.
- Apply for a Long-Stay Visa: If required, apply for a long-stay visa through the French consulate.
- Receive Temporary Residency: After approval, you’ll receive a temporary residency permit for one year.
- No Personal Income Tax: Monaco has no personal income tax on worldwide earnings.
- No Wealth Tax: Monaco does not impose any wealth tax on its residents.
- No Capital Gains Tax: Furthermore, there is no capital gains tax on the sale of assets, including real estate.
Contact us if you are interested in Citizenship by Investment
Our expert advisors will have a 1-on-1 consultation to find the best solutions for you and your family and guide you through the procedure.
Conclusion
The Monaco Golden Visa offers a unique opportunity for high-net-worth individuals to reside in one of the world’s most tax-friendly and luxurious locations. In conclusion, with its numerous benefits and business advantages, Monaco remains a top choice for wealthy investors.
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