Residence permit in Monaco

If you choose the optimal, favorable jurisdiction for obtaining a residence permit, we recommend that you consider Monaco as one of the options.

Crystal Tax specialists will help you complete the necessary documents and quickly go through the procedure regulated by law in order to become a resident of this state.

Key advantages of residence permit in Monaco

If you want to get a residence permit, permanent residence or citizenship in Monaco, this is a great solution. A residence permit in this jurisdiction has many advantages, including:

1. Monaco — independent, sovereign state, member of the UN and the Council of Europe.
2. Reliable and stable economy, political system.
3. The state is located in the heart of Europe.
4. A favorable tax system.
5. Well developed legal system and infrastructure
6. Competitive real estate market without capital gains tax.
7. There is no obligation to permanently reside in Monaco.
8. Possibility to extend the residence permit.
9. Freedom of movement in the Schengen area
10. Ability to apply for permanent residence after 9 years.

You can also choose investments as one of the directions for immigration. In this case, a foreign citizen should rent for a long time or buy real estate in Monaco, as well as deposit at least 500,000 euros into a bank account.

Our services

Crystal Tax specialists provide advice and practical assistance at every stage of obtaining a residence permit, in particular:

• study the requirements for obtaining a residence permit in Monaco and check the candidate for compliance with the established requirements;
• help to issue a certificate of no criminal record;
• prepare a package of documents for applying to the competent state authority of Monaco on immigration issues;
• help provide evidence of sufficient resources to live in Monaco without any professional activity;
• help to pass the interview.

Procedure for issuing a residence permit

Conventionally, the process of obtaining a residence permit can be divided into 4 stages:

1. Preliminary check of the applicant for a residence permit.
2. Drawing up an application for a residence permit and collecting supporting documents.
3. Personal interview with a police officer from the Public Security Service of Monaco.
4. Issuance of a residence permit.

The validity of a residence permit issued for the first time is 12 months. In the future, over the course of three years, the permit document must be constantly renewed.

If a non-resident lives in Monaco for three years, he can obtain a residence permit (Carte de Resident, Ordinaire), which is valid for 3 years.

In the future, subject to permanent residence in the territory of this state for 10 years, local law allows the issuance of Carte de resident privilege.

If there is such a document, a foreign citizen has the right to apply for citizenship.

Immigration to Monaco and obtaining a residence permit — a step-by-step process that requires knowledge of migration law and the requirements of the local legislation of the jurisdiction.

To make your move to this European country go smoothly and become the owner of a residence permit as quickly as possible, contact Crystal Tax.