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Monaco Permanent Residence Programme Consultant And Services


Tax free living in the French Riviera.

The Principality of Monaco has earned its reputation as a haven for rich for thriving the business and becoming a financial center. It is located on the French Riviera and is considered as the most ideal places of residence for people wishing for a safe life in a pleasant climate, with high-class leisure facilities under favorable tax system. Apparently, the zero tax strategy in Monaco has worked well for the individuals wishing to relocate to Monaco.

Taxation of new residents

Those individuals who resides officially in Monaco and individuals with Monegasque nationality are liable to get benefitted from zero personal income tax with an exception that French nationals who resides in Monaco have to pay personal income tax to French authorities. Monaco does not impose any tax on income, wealth, local or capital gains on its citizens. In comparison to other countries, the country collects corporate income tax and inheritance tax in minimal.

Highlights

CAPITAL CITY
Monaco
TOTAL AREA
2.02 km2
POPULATION
37, 831
LANGUAGES
French, English, Italian
CURRENCY
Euro (€)
TIME ZONE
Central European Time Zone (UTC+01:00)
SCHENGEN
De Facto Member
LARGEST QUARTIER
Monte Carlo
Legal Basis

Those individuals who wish to live into the territory of the Principality of Monaco for less than three months must have valid document for entering into France, as per agreement signed on May 18, 1963 between France and Monaco and Sovereign Ordinance no. 3153 on March 19, 1964.

Those individuals who wish to reside on Monaco for more than three months must apply for a residence permit from local Monegasque authorities. The applicant must be of 16 years and above.

Benefits

  • Quick Process
  • Family members included
  • High standard of living
  • Healthcare facilities
  • Schengen Member
  • No tax on income, capital gain, wealth and inheritance
  • Friendly to the business
Eligibility

  • An Applicant must be at least 16 years old and the dependents can be spouse or partner in a long and durable relationship, children, and parents under certain conditions
  • Applicants should have no criminal record, which should be verified with the International local police authorities
  • A non-EEA national is required to obtain a long stay visa from France before making an application for Monaco residency;
  • To set up a new business activity or a company in Monaco, applicants may apply for residence in Monaco
  • Applicants should purchase or rent a property in Monaco
  • Applicants should prove their sufficient means for living in Monaco.
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