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  • MONACO
  • Residency by Investment

MONACO

Monaco is a very small independent city-state on Mediterranean coastline of France. The 202 ha size and 38 K population city-state is one of the best places to visit and reside on earth. Monaco is well-known for its glamorous beaches, casinos, lifestyle and temper climate. The official language of the country is French, but as Monaco consists by the multilingual and multicultural society, English and Italian languages are also widely spoken. The country has amazing education system and thriving economy. Because of those reasons, everybody wants to settle their money and family there. Monaco is not a member of the EU and therefore EU directives do not apply for it.

It is often said, that Monaco is only for Millionaires. In order to fulfill the mandatory requirements for the residency program:

  • The investor has to invest at least 1 million Euro in Monaco.
  • From that 1 Million, 500,000 Euro must be kept as a deposit in one of the Monaco Banks. The remaining 500,000 Euro should be used for purchasing real estate and for obtaining the title deed.
  • Besides that, the Investor must prove the Monaco Government that he/she has sufficient funds to support his/her family members during the time of residency in Monaco.
  • The investor must have a clear criminal record, which will be checked by the immigration service. At the end, the immigration authority will have a private interview with the investor. In case of approval, the investor and his/her family members will obtain the permanent residency status.
  • The investor and his/her family members are obliged to reside in Monaco, at least 6 months per year.
  • As a Monaco Resident, the investor can establish his/her own enterprise in any business sector of the country. The most famous business sectors in Monaco are Ship management, financial services, Banks etc…

The time for granting residence permit is 1 month for EU nationals and 3 months for non-EU nationals. Monaco has its independent taxation policy, with no income, wealth, capital gain and local taxes. Monaco does not have double taxation treaties with other countries and VAT is 30 %.

The permanent residency is a way to obtain Monaco citizenship in future. The mandatory requirements for obtaining Monaco citizenship are as follows:

  • The applicant must be residing for 10 years in the country
  • He does not have to be a subject of mandatory military services
  • The applicant must renounce his/her primary citizenship, as Monaco does not recognize dual citizenship
Capital

Monaco (city-state)

Location

Located in the continent of Europe, Monaco shares land borders with only one country, France.

Language

French

Currency

Euro (€) (EUR)

Government

Unitary parliamentary constitutional monarchy

Area

2.02 km2

Population

38,400

Time Zone

CET (UTC+1) | Summer (DST) CEST (UTC+2)

  • Reasons to choose Monaco?

    • Luxury Lifestyle and safe atmosphere
    • Business friendly
    • Favorable Tax system as there is no income tax, no wealth tax, no local tax, no capital gains tax and very minimal inheritance taxes.
    • Stable real estate market
    • Fantastic weather all year around
    • Perfect location with Nice International airport 10 minutes by helicopter/30 minutes by car
    • Widely Spoken English
    • Procedure time – 1 Month for EU nationals and 3 months for non-EU nationals
    • Opportunity to get Monaco citizenship after 10 years of residing in the country
  • Visa Free

    Visa-Free/Visa-on-arrival: Albania, American Samoa, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Austria, Bahamas, Bahrain, Belgium, Belize, Bermuda, Bolivia, Bonaire, Sint Eustatius and Saba, Bosnia and Herzegovina, Botswana, Brazil, British Virgin Islands, Bulgaria, Cambodia, Cape Verde, Cayman Islands, Chile, Colombia, Comoros, Cook Islands, Costa Rica, Croatia, Curaçao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Estonia, Fiji, Finland, France, French Guiana, French Polynesia, Gambia, Georgia, Germany, Gibraltar, Greece, Grenada, Guadeloupe, Guatemala, Haiti, Honduras, Hong Kong, Hungary, Iceland, Indonesia, Iran, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lithuania, Luxembourg, Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Montenegro, Montserrat, Morocco, Mozambique, Nepal, Netherlands, New Caledonia, New Zealand, Nicaragua, Niue, Norway, Oman, Palau, Panama, Papua New Guinea, Peru, Philippines, Poland, Portugal, Qatar, Romania, Réunion, Saint Barthélemy, Saint Kitts and Nevis, Saint Lucia, Saint Martin (French part), Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Samoa, Senegal, Serbia, Seychelles, Singapore, Sint Maarten (Dutch part), Slovakia, Slovenia, Solomon Islands, South Africa, South Korea, Spain, Swaziland, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Tunisia, Turkey, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, Uruguay, Vanuatu, Venezuela, Wallis and Futuna, Zambia, Zimbabwe

    Electronic Authorization: Australia, Canada, Gabon, Guam, India, Kenya, Myanmar, Norfolk Island, Northern Mariana Islands, Puerto Rico, Sri Lanka, U.S. Virgin Islands, United States

    Visa required prior to arrival: Afghanistan, Algeria, Angola, Azerbaijan, Bangladesh, Barbados, Belarus, Benin, Bhutan, Brunei, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, China, Congo Republic, Cuba, Côte d'Ivoire, Democratic Republic of the Congo, Equatorial Guinea, Eritrea, Ethiopia, Falkland Islands (Malvinas), Ghana, Guinea, Guinea-Bissau, Guyana, Iraq, Kiribati, Lesotho, Liberia, Marshall Islands, Mongolia, Namibia, Nauru, Niger, Nigeria, North Korea, Pakistan, Paraguay, Russia, Rwanda, Sao Tome and Principe, Saudi Arabia, Sierra Leone, Somalia, South Sudan, Sudan, Suriname, Syria, Trinidad and Tobago, Turkmenistan, Uzbekistan, Vietnam, Yemen

    Entry denied: Libya

CITIZENSHIP BY INVESTMENT PROGRAMS

ANDORRA

Residency By Investment

AUSTRALIA

Residency By Investment

BAHAMAS

Residency By Investment

BULGARIA

Residency By Investment

CANADA

Residency By Investment

COSTA RICA

Residency By Investment

GREECE

Residency By Investment

IRELAND

Residency By Investment

JERSEY

Residency By Investment

MALAYSIA

Residency By Investment

MONACO

Residency By Investment

MONTSERRAT

Residency By Investment

NETHERLANDS

Residency By Investment

NEW ZEALAND

Residency By Investment

PORTUGAL

Residency By Investment

SINGAPORE

Residency By Investment

SPAIN

Residency By Investment

SWITZERLAND

Residency By Investment

THAILAND

Residency By Investment

TIER 1 INVESTOR VISA UK

Residency By Investment

TURKS AND CAICOS

Residency By Investment

USA EB-5 VISA PROGRAM

Residency By Investment



 

ST. KITTS & NEVIS

Kennylin House, New Street
Basseterre, St. Kitts KN.


P.O.BOX
440

Tel
+(1869) 465 2878

Fax
+(1869) 465 6077

Email
skn@bayatgroup.com


 

ANTIGUA & BARBUDA

Roberts Building 60 Nevis Street,
St. John’s, Antigua.


P.O.BOX
1301

Tel
+(1268) 462 0076

Fax
+(1268) 462 3077

Email
atg@bayatgroup.com


 

MONTREAL (CANADA)

3418 Stanley Street #R1
Montreal, Quebec, Canada H3A 1R8.

Tel
+(514) 845-0232

Fax
+(514) 845-0203

Email
mtl@bayatgroup.com


 

NEW YORK (USA)

1Barker Ave, White Plains,
NY 10601, United States.

Tel
+1 914-793-2626

Email
mtl@bayatgroup.com


 

PARIS (FRANCE)

91 , Rue de l' Université
75007 France.


Tel
+335 385 93 00

Fax
+334 551 0119

Mob
+336 801 7808

Email
paris@bayatgroup.com


 

DUBAI (U.A.E)

Suite 2302, Al Moosa Tower II, Trade
Centre area, Sheikh Zayed Rd, Dubai, U.A.E.


P.O.BOX
32422

Tel
+(9714) 355 4646

Mob
+(97150) 624 4646

Fax
+(9714) 355 2357

Email
dxb@bayatgroup.com


 

ABU DHABI (U.A.E)

Level 17, The Offices World trade Center Central Market, Al Markaziya, Abu Dhabi, UAE.


P.O.BOX
3876

Tel
+971 2 654 4086

Mob
+971 52 450 5922

Email
aud@bayatgroup.com


 

KUWAIT

Sahab Tower, level 18 Salhia,
Kuwait city, Kuwait.

 

Tel
2227 3887


 

ROSEAU (DOMINICA)

14 Great Marlborough, Roseau,
Commonwealth of Dominica.

Tel
+1 (767) 612 8290

Mob
+(1 767) 277 8399

Email
dom@bayatgroup.com


 

BEIRUT (LEBANON)

Suite 2029, Louis Vuitton Building
Allenby St. Beirut Souks Area,
Beirut, Lebanon

 

Tel
+(961) 1 957561

Email
bei@bayatgroup.com


 

JEDDAH (KSA)

Level 26 King’s Road Tower, King’s Road, Kingdom of Saudi Arabia.

P.O.BOX
Box 40469, Jeddah 21499

Tel
+966 (12) 229 3248


 

GEORGIA

Freedom Square 4a,
Tbilisi, Georgia.

Tel
+(995) 3 22 424252

Email
tbs@bayatgroup.com


 

KUALA LUMPUR (MALAYSIA)

Menara Standard Chartered,
Unit 35-3
.

Tel
+60 (32) 110 9000

Email
kul@bayatgroup.com