Monaco
Monaco Residence
Residency · Active
Minimum
No statutory minimum investment. Applicants must demonstrate sufficient financial resources and secure suitable accommodation in Monaco. A Monaco bank attestation is commonly used; approximately EUR 500,000 is a widely applied banking benchmark, although individual banks may require more.
Timeline
Typically around 3–6 months, depending on nationality, banking onboarding, documentation and the authorities' review.
Stay
Genuine residence in Monaco required; no fixed statutory annual day-count for the standard residence permit.
Passport
N/A
Monaco offers residence to financially self-sufficient individuals who establish a genuine home in the Principality and demonstrate adequate financial resources. There is no statutory minimum investment. Applicants may rent or own suitable accommodation and commonly demonstrate financial means through a Monaco bank reference. A EUR 500,000 banking relationship is widely used as a practical benchmark, although individual banks may require substantially higher assets.
- No statutory minimum investment
- No general personal income tax for most residents
- No general wealth tax