Conditions
to become a Monegasque resident
A guarantee of resources will be required to obtain a residence permit. Indeed, whether you are a salaried worker, self-employed or have sufficient savings, you will be asked for supporting documents – just like demonstrating the rental or purchase of sufficient real estate for the needs of the household. You will also need to present an extract from your criminal record or equivalent in order to prove that you are of good character. For European citizens, obtaining Monegasque residence is relatively quick.
Monegasque
Taxation
The Principality of Monaco is known for its advantageous taxation. You should know that only French and American citizens are subject to income tax. Apart from this case, there is no taxation on the income of natural persons living in Monaco. It should be noted that there is no property tax or housing tax either.
As regards companies established in Monaco, they are exempt from tax if they derive more than 75% of their turnover from activities carried out in Monaco. Otherwise, the corporation tax is 33.3%.
Information given for information only and without contractual value.
Monegasque Government Information