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July 28, 2021

All You Need to Know about Monaco Residency Program

Monaco Residency by Investment Program is a perfect route for high net worth individuals to obtain a home in the only zero-tax jurisdiction in Europe.

Despite being the second smallest country in the world, Monaco offers plenty of benefits to its resident, some of them are high standard of living, mild weather, security, and an absence of income or capital gains tax. In addition, Corporate tax and inheritance tax are minimal.

What advantages offers Monaco?

To the resident Monaco offers high confidentiality during the residency acquisition process, multicultural society, attractive lifestyle, and easy access to the French and Italian Riviera. Besides, there’s a very stable real estate market that offers many opportunities to investors and their families. Monaco is also well known for its high-quality sports, cultural, and education facilities.

Residency and Investment Requirements

To become Resident of Monaco the investor has to demonstrate and meet 3 base requirements:

  1. Accommodation
  2. Self Sufficiency
  3. Good Character Proof

The minimum investment amount depends on the applicant’s investment choice – real estate purchase, real estate rental, or bank deposit. Usually, the minimum investment amount starts from €1,000,000 – of which €500,000 is for real estate investment and €500,000 is for bank deposits. To meet good character requirements, the investor should present a clean criminal record of the past 5 years.

LONDON BASED SOLUTIONS ADVISERS – Citizenship and Residency Programs

Full Support with our Immigration Advisers & Property Consultants:

Property search based on your requirements (from residential properties to high-value luxury developments)

  •  Property virtual tours, 3-D tours, and in-person tours are available.
  • Due diligence checks and additional property checks completed by our experts.
  • Residency&Citizenship document preparation and submission.
  • Full support until you receive your second passport & residency.

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC (Investment Migration Council).

 For further information or to discuss your circumstances in a private consultation with our immigration lawyers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.

Photo by Rishi Jhajharia on Unsplash