RESIDENCY IN MONACO
FOR FINANCIALLY INDEPENDENT
APPLICANTS
The Principality of Monaco is not just a paragon of good taste, luxurious receptions, yachts, casinos, and Formula 1, it also provides its residents with unique opportunities for living and doing business. Residency in Monaco is like being a member of an elite club, and it gives a wide range of possibilities for living comfortably in Europe.
Receiving a residency permit for Monaco is a simple and straightforward procedure thanks to the principality’s program for affluent individuals. To take advantage of this program, you only need to show that you have your own funds in a bank account and receive a steady income from outside of Monaco. Thus, every applicant capable of proving his/her financial independence, without support from the state, has the right to receive a Monaco temporary residency permit.
Advantages of Monaco temporary residency
Live in Monaco
and move freely around
Europe
Holders of Monaco temporary residency can not only live year-round within the principality, they can also travel visa-free and without time limits throughout the Schengen space.
The program
is straightforward
Monaco’s program for temporary residency for affluent individuals does not oblige you to do business, make any investments, work, pay additional taxes, etc.
It’s easy
to apply
The entire procedure up to the moment you receive a decision on your Monaco residency, can be done in your own country through the French consulate.
Conditions for participating in the Monaco temporary residency program
Through living in Monaco for more than 183 days in
a year and proving that they continue
to meet the conditions under which the residency
permit was issued, applicants
can extend the temporary residency permit practically
automatically.
Opportunities this brings you
Documents you need
- Passport
- Birth certificate
- Marriage certificate (if applicable)
- Birth certificates of children (if applicable)
- Attestation that you lack a criminal record
- Proof that you own real estate in Monaco or a rental agreement
- Certificate that you have opened a bank account in Monaco
- Bank statement showing the required amount in a bank account in Monaco
- Bank statement showing the required amount in a bank account outside Monaco
- Proof of a steady income outside Monaco
Our company’s services
Legal support in establishing Monaco temporary residency
THIS INCLUDES
- Support during the process of legalizing the applicant’s personal documents
- Preparing the applicant’s set of documents for submission to the consulate
- Preparing the applicant for the interview at the consulate
- Accompanying the applicant to the municipality to submit the temporary residency application
Additional services
Assistance in opening a bank account in Monaco
Accompanying applicant to consulate interview
Assistance in obtaining medical insurance
Assistance in establishing ownership of real estate
Extension of temporary residency
Obtaining temporary residency – the process and payment stages
Obtaining temporary residency –
the process and payment stages
A contract with
our company is
signed
Applicant provides
the initial set of
documents for
preparing a file
An advance payment
is made of 50%
of the price of
our services
Ordering and
payment of any
additional services
Applicant receives the complete
file, and is also
prepared
for his/her visit to the French
consulate for the interview
+ 40%
of the price
of our services
Interview
at the French
consulate
(accompanied by us,
if necessary)
The application
is reviewed (generally
takes up to 30
days)
Applicant receives
a positive decision and
a D visa
allowing him/her
to visit Monaco to obtain
a temporary residence permit
Visit to Monaco to open
a bank account and submit
documents for a temporary
residence permit + obtaining
statements and
other documents which
you must request
in person
Visit to Monaco to receive
a temporary residence card
+ payment of the remaining 10%
of the price of our services
