Registration of a residence permit in Monaco

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The Principality of Monaco is a fashionable and prestigious European resort. It is quite problematic to obtain a residence permit in Monaco. The microstate, located in the south of France, attracts wealthy people from all over the world. Here - the highest density of population with incomes over $ 30 million, every 56th - billionaire.

Businessmen and celebrities tend to settle in the Principality because of:

• the endless opportunity to vacation in Europe's top resorts;
• the opportunity to establish profitable business relationships;
• access to travel within Schengen and Switzerland;
• the absence of taxation of individuals;
• availability of education in prestigious universities for children;
• opportunity to buy yachts and elite real estate, registering the property on themselves.

You can safely store any sums in banks. Information about finances is not transferred to the tax authorities of other countries, including France. There are a lot of people wishing to get a residence permit in Monaco, but the country is small and it is physically impossible to accommodate all those wishing to do so.

However, with a competent approach to achieve the goal of becoming a resident of the prestigious resort is still possible. Experienced lawyers of Legal Solutions will help you in this.

Residence permit in Monaco: grounds for obtaining it

1. Residence permit for financially independent persons without the right to do business, work, receive income on the territory of the state.
   Opening a business (the option is possible only when creating a unique project, development of a business plan).
2. Work.
3. Study.

Conditions for obtaining a residence permit in Monaco

1. Immigration is possible for investments of at least €500 thousand.
2. Opening an account in the bank of the state.
3. Purchase or lease of real estate.
4. Absence of a criminal record.

It is important for economically independent persons to receive funds not on the territory of Monaco, and also it is necessary to confirm the presence of income of at least €3000 - for adults, €1500 - for children.

When opening a company, it is obligatory to register an office in the country, to pay a tax of 1% of the authorized capital (the amount of capital - a minimum of €150 thousand). The minimum number of employees is 4.

Procedure for obtaining a residence permit in Monaco

At the first stage receive a long-term visa in the French Embassy at the place of residence of the applicant for the last 6 months. Upon arrival in the Principality, within an 8-day period, apply to the police station in the center of Monaco, in the section for foreigners, providing a passport and a rental agreement.

After 2-4 weeks, you should bring for a second interview:

1. A completed application form.
2. Lease agreement and proof of utility payments.
3. A passport.
4. Documents of family members.
5. Marriage/divorce certificate.
6. Documents proving financial solvency.

Carte de séjour is issued for one year (re-issue is possible during 3 years); Carte de résident permanent - valid for three years with the possibility of double re-issue; Carte de résident privilege allows you to live in Monaco for 10 years. The last type of card is equal to permanent residence in Monaco. Once you have obtained it, you can apply for citizenship.

Have you long wanted to apply for a residence permit in Monaco but don't know where to start? Book a legal consultation with Legal Solutions and get a detailed action plan for realizing what you want.

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