Monaco
Residency by Investment

Europe

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MONACO

Program Overview

Monaco’s Residency by Investment program offers high-net-worth individuals the opportunity to reside in one of the world’s most exclusive and prestigious principalities. Nestled on the French Riviera and bordered entirely by France and the Mediterranean Sea, Monaco is the second-smallest country in the world and the only true zero-tax jurisdiction in Europe. To qualify, applicants must demonstrate financial self-sufficiency through a minimum bank deposit with a Monaco-registered financial institution, alongside proof of accommodation within the principality. Monaco is not an EU member state, but operates within the Schengen Area, granting residents freedom of movement across Europe. The program is well-suited to entrepreneurs, investors, and families seeking a secure, tax-advantaged base in the heart of the French Riviera.

MONACO

Program Details

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

MONACO

Investment Options

Monaco’s residency program requires applicants to meet two core conditions simultaneously: proof of financial self-sufficiency and proof of accommodation within the principality. Unlike many golden visa programs, Monaco does not operate a direct investment-to-residency exchange — instead, investors must demonstrate that they can sustain their lifestyle in Monaco independently. The bank deposit and accommodation requirements must both be satisfied to proceed with an application.

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.

MONACO

Country Overview

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.

Monaco Coat of Arms

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.

Monaco is one of the most recognisable city-states in the world — synonymous with luxury, formula one racing, and an elite Mediterranean lifestyle. Despite covering just 2.1 square kilometres, it is home to one of the highest concentrations of wealth on the planet and boasts one of the lowest crime rates in the world. The principality has been governed by the Grimaldi royal family since the 13th century, making it one of the world’s oldest surviving monarchies.

The absence of personal income tax, capital gains tax, wealth tax, and property tax has made Monaco a magnet for high-net-worth individuals, successful entrepreneurs, and international athletes seeking to optimise their tax position while living in a world-class European environment. Residents enjoy a safe, cosmopolitan lifestyle with access to award-winning restaurants, a vibrant arts and culture scene, luxury retail, and a renowned private healthcare and education infrastructure.

Monaco’s location on the French Riviera offers exceptional connectivity — Nice Côte d’Azur International Airport is just 30 minutes away, and the principality is easily accessible by road, sea, and helicopter from destinations across Europe.

Country Capital

Monaco (city-state)

Population

38,400

Language

French

Currency

Euro (EUR)

Exchange Rate

1 USD = 0.9 EUR

Government Type

Constitutional Monarchy

Monaco

Visa Free Travel List

All Schengen Area Countries:

Austria

Bulgaria

Belgium

Czechia

Croatia

Denmark

Estonia

Finland

France

Germany

Greece

Hungary

Iceland

Italy

Latvia

Liechtenstein

Lithuania

Luxembourg

Malta

Netherlands

Norway

Poland

Portugal

Romania

Slovakia

Slovenia

Spain

Sweden

Switzerland

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FAQ

Common Questions

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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