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Residency & Golden Visas
Monaco residency has no legally prescribed minimum deposit or investment. The financial test is an attestation from a Monaco bank, and the bank sets the sum it regards as sufficient.
About Monacoنبذة
Monaco is a sovereign microstate on the French Riviera, recognised for upscale living, political stability and attractive tax policies, with easy connections to France, Italy and the wider EU. Residence rests on three things: accommodation in Monaco, an attestation from a Monaco bank that you have sufficient means to reside there, and a clean criminal record. Monaco law prescribes no minimum deposit or investment — the bank providing the attestation sets the sum it regards as sufficient. Accommodation may be owned or rented, so residence can follow a property purchase or a lease.
Residents are exempt from personal income tax.
Opportunities to invest in prime real estate with potential appreciation.
Advanced healthcare and educational facilities.
Leisure, cultural activities, and Mediterranean lifestyle are readily available.
Political stability and a secure economy.
Visa-free travel to Schengen countries and beyond.
Monaco at a glance
Population
Approximately 39,000
Capital
Monaco
Language
French
Currency
Euro (EUR)
Time zone
Central European Time (CET, UTC+1)
Climate
Mediterranean
Residency routesالمسارات
In detailالتفاصيل
Advising UAE residents on residency abroad from our Dubai office.
No fixed sum is prescribed
Monaco law prescribes no minimum deposit or investment for residence. The Government states the financial condition simply as sufficient financial resources, evidenced by an attestation from a Monaco bank confirming that you have the means to reside in Monaco. The sum regarded as sufficient is set by the Monaco bank that provides the attestation. Figures of around €500,000 reflect typical private-banking practice rather than a legal threshold, and they vary from bank to bank.
The Government also accepts any other evidence of sufficient resources, subject to approval by the Section des Résidents.
What is required
- Accommodation in Monaco, large enough for the people living in it — owned, held through a company, rented, or shared with a relative, spouse or partner
- A bank attestation from a Monaco establishment, less than one month old
- A criminal record extract less than three months old, from every country you have lived in over the past five years
Applies to everyone 16 and over staying more than three months a year.
| Card | Duration | When | Fee (first issue / renewal) |
|---|---|---|---|
| Temporaire | 1 year | First application | €80 / €40 |
| Ordinaire | 3 years | After 3 years' residence | €100 / €50 |
| Privilégiée | 10 years | After 10 years | €160 / €80 |
On Monegasque citizenship
Ten years of residence, granted by individual Sovereign Ordinance at the Prince's discretion, and renunciation of your existing nationality is required. In practice Monaco is a residency, not a route to a second passport, and it should be chosen on that basis.
Your Indian passport is safe on a residency
Section 9(1) of India's Citizenship Act 1955 ends Indian citizenship only on the voluntary acquisition of another country's citizenship. Holding a residence permit, permanent residence or a long-term visa does none of that.
So every route on this page is safe to hold. What differs between countries is the endpoint — and we will tell you plainly where a route can never become a citizenship, where it can, and what taking that step would cost you.
Monaco Permanent Residence Program
Monaco Permanent Residence Program
This country in the France’s Mediterranean Coastline, Monaco, is known for its upscale casinos, Yatch-lined harbor and prestigious motor race. It is a tiny independent city-state. The Principality of Monaco is known as the haven for rich thriving businesses and is fast growing to become a financial center. It is one of the most ideal places for residence for people looking for a pleasant climate with high class leisure facilities. Its tax system is also quite favorable with Monaco having zero tax strategy for the citizens. Monegasque nationality individuals are eligible for zero personal income tax. However, French nationals residing in Monaco need to pay their taxes to the French authorities.
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Individuals who wish to reside for longer period, need to apply for a Residence Permit from local Monegasque authorities.
Benefits
- Less time to process
- You can apply for your immediate family along with you
- Life in Monaco is high standard
- World class health facilities
- You can become a member of the Schengen Area
- No or minimal tax benefits
- It’s easy to do business in Monaco
- One of the best tourist areas
Who can apply-?
- You cannot have any criminal record
- If you are not within the European Union, then you need to apply for a long stay visa from France before applying for Residence Permit in Monaco
- You need to purchase or rent property in Monaco
- You will have to prove your financial stability to support self to live in Monaco
Talk to an immigration consultant in Dubai
XIPHIAS Immigration has guided families abroad since 2009, and our Dubai team works with UAE residents. We were named Best Immigration Consultant by The Times of India in 2022. Our immigration consultants in Dubai will take you through the legal requirements, costs and timeline.
Sources
Verified against government sources on 30 September 2026.
The processكيف نعمل
Prepare documents demonstrating financial means and a clean criminal record.
Arrange property purchase or a long-term rental.
Open an account with a Monaco bank and obtain its attestation that you have sufficient means to reside in Monaco; the bank sets the amount.
Submit the residency application to the Section des Résidents.
Attend an interview if requested.
Obtain residency permit and register locally.
Eligibilityالمتطلبات
What it takes to qualify.
Aged 16 or over — a residence card is required from 16
Clean criminal record (extract less than three months old from each country of residence in the past five years)
Attestation of sufficient means from a Monaco bank
Proof of accommodation in Monaco
Intention to reside in Monaco for more than three months a year
Questionsأسئلة شائعة
Monaco, answered.
The first card is the carte de séjour temporaire, valid one year. After three years' residence you can move to the three-year carte ordinaire, and after ten years to the ten-year carte privilégiée.
ابدأ الآن
Begin your Monaco application.
A senior advisor will map your route, costs and timeline — privately, and entirely off the record.