mygoldenvisa logo
April 1, 2024
11 min

How to get Monaco Golden Visa: Complete Guide for Investors

Brittany Collins

Obtaining a Monaco Golden Visa requires investing at least €500,000 in local real estate. Securing Monaco residency is a golden ticket to tax breaks, an unrivalled lifestyle and robust security. The perks are plentiful, from zero income or wealth taxes for non-French residents to breathtaking Mediterranean views and world-class events.

The Monaco golden visa, also known as the residency program, offers numerous benefits. With top-notch education and healthcare facilities, it’s not just about luxury but also quality of life. However, it’s essential to understand these and how they could impact your life before making such a significant decision.

In this journey towards obtaining your Monaco golden visa, there will be financial prerequisites to meet and real estate investments to consider. But rest assured that we’re here to guide you every step of the way.

How to get Monaco Golden Visa: Complete Guide for Investors

How to get Monaco Golden Visa: Complete Guide for Investors

Understanding the Monaco Residence Program

Monaco Golden Visa, a Monégasque Carte de Séjour, leads to a residence permit. Applicants must lease or purchase a property adequate to accommodate the family or the individual and demonstrate the disposal of funds sufficient to support themselves in Monaco.

Securing a long-stay or residency visa is the first step to becoming a Monaco resident. This permit allows you to reside within one of the wealthiest countries globally and enjoy its many benefits.

The application for a Monaco residency involves several requirements that need careful attention. These include having an active passport from your country of origin and sufficient financial resources.

Approval typically takes around three months. Understanding each aspect can simplify matters significantly after submitting necessary documents such as police clearance certificates and medical reports alongside other paperwork required by Monegasque authorities.

To qualify for the Monaco residence program, foreigners meet specific criteria set forth by the government, which every applicant needs to meet:

  • individuals should be at least 16 years old or under parental authority if they’re younger than 18 when applying;

  • potential residents shouldn’t pose any threat to public order and security here;

  • good character evidenced through clean criminal records both domestically and internationally, plays a crucial role during the assessment phase conducted by the local administration before granting resident status to anyone wishing to move to this sovereign nation.

While educational qualifications aren’t explicitly mentioned in the eligibility conditions, knowledge about cultural nuances, including French proficiency, could make the transition easier once granted permanent resident status here.

The Financial Requirements for Monaco Residency

Monaco, a magnet for the world’s wealthiest individuals, has stringent financial requirements to obtain residency. A pivotal condition is depositing at least €500,000 in a Monegasque bank account.

This amount must be deposited before applying for the Monaco residence permit and remain untouched throughout your application process. It continues its significance even after you are granted permanent resident status.

Maintaining your bank deposit. Your initial bank deposit isn’t just about securing your place on Monaco soil; it also plays an essential role in post-residency approval. Once you’ve been granted permanent resident status by Monegasque authorities, maintaining these funds becomes crucial from a legal perspective and when considering future citizenship applications.

If there’s significant depletion or complete withdrawal without valid reasons approved by Monegasque authorities, it could lead to cancellation of residency rights or jeopardise chances of acquiring citizenship if interested.

Purchasing Real Estate for Monaco Residency. The stability and high value of the real estate market in Monaco are well-known. Investing in property within this city-state is an essential step for those seeking a Monaco residence permit.

This significant investment reflects your commitment to making Monaco a home and contributes towards securing permanent resident status. However, navigating the local real estate market can only be complex with proper guidance.

Finding Suitable Accommodation to Rent. You must consider several factors to find suitable accommodation that aligns with both personal preferences and government requirements set by Monegasque authorities. Firstly, it’s important to note that each occupant should have adequate living space — 20 square metres per person as stipulated by Monegasque authorities.

3 Main Groups of Benefits for Monaco Residents

Becoming a resident of the sovereign city-state of Monaco is an enticing prospect for many. The benefits accompanying this status are manifold, extending beyond financial incentives to include lifestyle perks and other advantages.

1. Tax benefits: a major draw. The tax system in Monaco offers significant benefits to its residents. Since 1869, no income tax has been levied on nationals and foreign residents. This policy continues today as one of several reasons why wealthy individuals consider making Monaco their home.

In addition to being exempt from income taxes, another fiscal advantage comes into play the absence of wealth tax. This benefit particularly appeals to high-net-worth individuals with substantial global assets who would otherwise be significantly impacted by such deductions elsewhere.

Coupled with these exemptions is another perk: the non-French residents do not have capital gains taxes imposed on their investments; however, French citizens residing here must comply with specific conditions under Franco-Monegasque conventions.

2. Lifestyle perks beyond comparison. Apart from monetary considerations, life within Monaco’s borders brings myriad joys. Stunning Mediterranean coastline views, lush gardens, and grand architectural structures make everyday living an experience like none other.

Moreover, hosting prestigious events throughout the year, including the Formula One Grand Prix, makes it a haven for sports enthusiasts, while art lovers can enjoy numerous galleries showcasing contemporary works. History buffs appreciate landmarks like the Prince’s Palace and the Oceanographic Museum, amongst others.

Safety, too, plays a crucial role when considering relocation. Thankfully, security concerns hardly exist within the small but affluent community, thanks mainly to the due diligence done during the Monaco residency, ensuring that only reputable individuals get granted permanent resident status. Moreover, being home to fewer than 40,000 people helps maintain a close-knit environment where everyone feels safe and secure.

3. Educational opportunities and healthcare facilities: ensuring quality of life for all ages. If you plan on moving your family over or perhaps thinking of starting one after settling down, know that children receive a quality education in state-funded schools and private institutions offering International Baccala.

Monaco Golden Visa Benefits

Monaco’s compact size has led to careful urban planning that emphasises green spaces, pedestrian-friendly areas, and sustainable transportation options

Documents to get Monaco Golden Visa

If you’re considering applying for residency in Monaco, you might generally need to provide the following types of documents:

  1. Passport and identification: a valid passport and other identification documents.

  2. Application form: completed application forms for residency or any other relevant documents provided by the Monaco authorities.

  3. Proof of financial means: evidence of your financial ability to support yourself and potentially your dependents while in Monaco. This could include bank statements, proof of income, or other financial documents.

  4. Health insurance: proof of comprehensive health insurance coverage for yourself and your family members, if applicable.

  5. Criminal background check: some countries require a clean criminal record as part of the application process. You may need to provide a criminal background check from your home country or any other country you’ve lived in.

  6. Housing documentation: proof of suitable housing arrangements in Monaco, such as a lease agreement or property ownership documents.

  7. Marriage or Divorce certificates: If applicable, provide marriage certificates, divorce decrees, or documents related to any dependents.

  8. Application fees: payment of any application fees or processing fees required by the Monaco authorities.

  9. Any additional required documents: depending on your specific circumstances and the requirements of the Monaco residency program, you might need to provide additional documents.

Application Process to Get Monaco Golden Visa

Your journey towards becoming part of the exclusive community begins by scheduling an appointment at the French embassy or the closest consulate general, depending on where you currently reside abroad, before initiating the Monaco residency process.

They will guide you throughout submitting relevant documentation like birth certificates and marriage certificates, ensuring complete compliance with the rules laid down by Monegasque authorities.


1 day

Contacting a local agency

Contact a reputable local agency specialising in assisting with Monaco residency applications.


2 weeks

Collecting documents

Collect all necessary documentation before starting your application.


1 month

Submit an application

Send your completed application and all required documents to the Residents Section of Monaco’s Directorate of Public Security.


1 weak

Scheduling an official residency interview

Once your paperwork has been reviewed and approved, you’ll be invited for an official residency interview.


2 weeks

Obtaining a long-stay visa

If you’re from outside the European Economic Area (EEA), you may need to apply for a long-stay visa through your nearest French consulate or embassy.


2 weeks

Receiving a temporary residence permit

Purchasing property anywhere involves legal processes, which become even more critical when dealing with investments worth half a million euros or more — a requirement for obtaining a Monaco residency visa. It ensures that all paperwork undergoes stringent checks before granting permits, safeguarding the interests of prospective residents who have made such substantial financial commitments.

A key player here would be the Notary Public, whose role includes verifying the legality of the transaction, including checking the seller’s ownership rights over the property, among other things. They also drafted the sales agreement and handled the registration at the nearest French Consulate, due to the existing customs union between France and Monaco, despite the latter being an independent nation since.

The Role of French Consulates and Embassies in Monaco Residency Process

When embarking on the journey to obtain a residency visa or citizenship for Monaco, one cannot overlook the crucial role played by French consulates and embassies. Due to a customs and monetary union between France and Monaco, these entities are instrumental during your Monaco residency process.

This unique arrangement exists because there aren’t any Monegasque diplomatic representations abroad; this responsibility falls under France’s jurisdiction.

Navigating visa applications with help from French entities. Your first encounter with a French embassy or consulate will likely occur when you apply for your long-stay visa — an essential step towards becoming a resident of one of the world’s wealthiest countries: Monaco. Non-European Union nationals who wish to reside in Monaco must seek assistance from their local French embassy or consulate.

You’ll need several documents, such as proof that you have sufficient financial resources (either through an employment contract showing income exceeding 120% minimum wage per family member or evidence demonstrating substantial personal assets) and valid passport photos, among others.

After submitting these documents along with completed forms provided by said institutions, they forward them to Monegasque authorities, who make the final approval decision.

Post-Residency Approval Legal Support. Beyond facilitating necessary visas required for gaining residency status within wealth-rich regions like Monaco, French consulates play an integral part in post-residency approval too.

If you ever need legal aid while living here — whether related to a criminal matter or civil dispute — you can turn to the respective French representative to help navigate the complex waters of the foreign judicial system. They provide invaluable support, ensuring rights are respected throughout the entire process.

Suppose you decide to pursue full-fledged Monaco citizenship after meeting requirements, including a continuous ten-year adult residency period, and renounce sovereign nationality due to the country strictly forbidding dual nationality. In that case, you can again engage the services of the nearest French consulate to submit a formal request to acquire Monegasque nationality via the naturalisation procedure. Once approved, you become a citizen entitled.

Creating Trusts and Companies in Monaco

The tax-friendly jurisdiction of Monaco is a prime location for business owners to establish trusts or companies. Its robust financial infrastructure provides an ideal environment that accommodates businesses, big or small.

To create a company in the heart of one of the wealthiest countries, select your preferred company structure first. Then, prepare all necessary documentation before seeking approval from Monegasque authorities. It’s important to make Monaco your home and ensure that each type has specific share capital requirements met.

Accounting and renewal process. Understanding accounting norms and renewal processes associated with business licences is crucial when doing business within this principality, which adheres strictly to international standards. It eases foreign investors who are already familiar with these regulations.

All registered companies have legal obligations to maintain accurate records of their financial transactions, reflecting the current economic situation at any given time. These records must be kept for ten years following the accounts' closure, fostering trust among stakeholders such as shareholders, creditors, and employees. It contributes towards the overall corporate governance framework here too.

Besides bookkeeping responsibilities, annual audits may be required depending on the size and nature of the enterprise. It ensures transparency while enhancing stakeholder confidence during the transition between the old and new term validity periods. Submission and payment of applicable fees should be made before the expiry date to ensure normal functioning isn’t disrupted.

Navigating through the business landscape In Monaco. Suppose you’re considering establishing a foothold in this attractive destination by creating companies or forming trusts. In that case, it’s essential to understand that local laws and customs significantly shape the commercial landscape.

Knowing the ins and outs can give you a competitive edge over others in the same field of operation. Here is more information about navigating through the complexities involved, including tips to avoid common pitfalls faced by newcomers in the sector. It will help you make informed decisions based on solid knowledge of the ground realities rather than mere assumptions or hearsay.

Life In Monaco — Beyond Financial Benefits

The financial benefits of becoming a resident in one of the wealthiest countries, like Monaco, are enticing. However, life here extends far beyond monetary gains and includes an enriching cultural experience, diverse language exposure, and convenient accessibility.

Engaging with local government and authorities. Intriguingly enough, residents often interact with local government bodies such as Monegasque authorities who maintain this prosperous microstate under the executive power held by His Serene Highness (HSH) Prince Albert II. These interactions span various matters, including community initiatives to regulatory compliance.

Beyond routine engagements with governmental entities, there are also opportunities for direct interaction with HSH Prince Albert II during public events or royal ceremonies that add to the close-knit nature of this community.

Language and culture. Diversity rings true even in languages spoken in Monaco, where French is official. Still, Italian and English also have a significant presence, making communication effective irrespective of your fluency level in French. This multilingual society welcomes people from all backgrounds, further enhancing their living experience here than just holding a valid passport for visa-free travel purposes.

Culturally speaking, there’s a rich tapestry woven through centuries of history reflected in everything from architecture, food, festivals, traditions, etc., which collectively contribute to the vibrant social fabric both locals and tourists enjoy.

In terms of connectivity, thanks to its strategic location between France and Italy along the coast and a well-developed transportation infrastructure, getting around and exploring neighbouring regions took much work. Whether you prefer to travel by road, sea, or air, options abound, with Nice International Airport providing easy global access.

So while the initial attention may be drawn towards considering the Monaco residency process, which typically takes three months, it’s worth noting that lifestyle factors are equally compelling reasons to consider moving. From high-quality healthcare and education facilities to a safe environment to raise a family.

Monaco residence permit by investment

Whether it’s gastronomy lovers indulging at Michelin-starred restaurants or art enthusiasts visiting museums and exhibitions, there’s something for everyone to enjoy amidst the beautiful Mediterranean backdrop

Understanding Monegasque Passport Privileges

The prestige of holding a Monegasque passport extends beyond the borders of Monaco. It’s not just about citizenship but also an opportunity to tap into numerous global privileges.

A key advantage is visa-free travel. With a Monegasque passport, you can visit several countries without requiring prior visas — particularly beneficial for frequent travellers or those with business interests across Europe.

Furthermore, due to Monaco’s close relationship with France, French consulates and embassies worldwide are ready to assist Monegasque citizens during their international travels should any issues arise.

Tapping into global opportunities. This powerful document opens doors globally — far more than just facilitating leisurely travel. The options range from education prospects abroad for your children or potential employment avenues in various countries that recognise the strength of a Monegasque passport.

It becomes even more advantageous considering Monaco’s participation in the Schengen Area agreement, which allows free movement among 26 European states, making relocation within these regions seamless if required.

Gaining positive international perception. Beyond practical benefits like easy immigration processes lies another distinct advantage: positive global perception associated with being identified as a citizen from one of the world’s wealthiest nations — Monaco.

This favourable image often facilitates smoother transactions when dealing internationally on both personal and professional fronts, enhancing overall experiences while travelling outside native country boundaries.

Navigating dual nationality complexities. In general terms, Monaco strictly forbids dual nationality.

Many other European states offer Golden Visa programs with the prospect of having multiple citizenships. Investors can be eligible for EU residency and citizenship through EU Golden Visa programs through capital transfer, real estate acquisition, or donation.

Alternative Golden Visa Programs


Minimal investment

Naturalisation process


7 years


7 years


5 years


10 years


Securing a Monaco golden visa is more than just an investment; it’s a lifestyle choice.

You’ve learned about the financial prerequisites, including the need for a substantial bank deposit and real estate investment.

The process of finding suitable accommodation in Monaco has been explored. You now understand that this affluent nation offers much more than monetary gains.

We’ve touched upon the tax advantages, one of many benefits of becoming a resident of Monaco. The journey from residency to citizenship has also been discussed, along with its requirements, such as renouncing any other sovereign nationality you may hold.

You know now that holding a Monegasque passport comes with privileges, like visa-free travel. We have also delved into how French consulates and embassies play their part during your residency due to customs and monetary union between France and Monaco.

Frequently Asked Questions

  • What is the Monaco Golden Visa?

    Monaco Golden Visa, so-called a Monegasque Carte de Séjour, leads to a residence permit in the country. Applicants must lease or purchase a property adequate to accommodate the family or the individual and demonstrate the disposal of funds of €500,000 to support themselves in Monaco.

  • What Are the Benefits of Monaco Residence Permit?

    Among the main Monaco Golden Visa benefits are:

    • the luxurious lifestyle and quality of life;

    • tax advantages as a tax haven;

    • visa-free travel to Schengen Area;

    • superlative infrastructure and vibrant entertainment scene.

  • How to get Monaco Citizenship by Investment?

    The Monaco residency program does not offer direct citizenship by investment. However, after 10 years of continuous residence, you can apply for Monegasque nationality.

  • How Hard Is It to Get Monaco Citizenship?

    Monaco citizenship requires a minimum of ten years of continuous residency as an adult over 21 and renouncing any other sovereign nationality due to their policy against dual nationality.

  • Can an American Become a Citizen of Monaco?

    An American can indeed become a citizen of Monaco but must meet the requirements, including residing in the country for at least ten consecutive years and relinquishing US citizenship.

  • How to Get a Visa for Monaco?

    To obtain a long-stay visa, one needs to apply through the French consulate or embassy closest since there is a customs and monetary union with France.

you might also like