Ultimate Guide to Obtaining a Residency in Monaco in 2024
2024-05-17
How to apply for a residency in Monaco
Are you dreaming of calling Monaco your new home? Look no further! Monaco Properties is here to guide you through the process of applying for residency in this luxurious destination. In our comprehensive guide, you'll learn everything you need to know, from obtaining the necessary visa to collating the required documents. Monaco, renowned for its glitz, glamour, and breathtaking views, offers a lifestyle like no other. Join us on this journey to discover how you can become a resident of this captivating principality. From obtaining the necessary visa to gathering required documents, we'll walk you through each step to ensure a smooth and successful application process.
Obtaining a visa or long-stay permit
If you are at least 16 years of age and wish to reside in Monaco for more than three months in a year or set up home in the Principality, you must apply for a residence permit from the Monégasque authorities.
For EEA nationals, there is no need to supply any documents.
For non-EEA nationals, a long-stay permit is required. The list of countries whose nationals need to obtain a long-stay permit includes Germany, Andorra, Austria, Belgium, Bulgaria, Croatia, Cyprus, Denmark, Spain (including the Balearic and Canary Islands), Estonia, Vatican City, France (Guadeloupe, Martinique, French Guiana, Réunion), Finland, Greece, Hungary, Ireland, Italy, Iceland, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, the Netherlands, Poland, Portugal (including the archipelagos of Madeira and the Azores), Czech Republic, Romania, Gibraltar, San Marino, Slovakia, Slovenia, Sweden, and Switzerland.
Please note that as of 1 February 2020, the United Kingdom is considered a third state in view of the European Union. Therefore, UK nationals will no longer benefit from the right to free movement and installation and will be treated as nationals of third countries. UK nationals must follow the long-stay visa procedure.
If you are a national of the United Kingdom and hold a valid Monegasque residence permit, your parents and allies are also subject to the long-stay visa procedure.
For all nationalities, the Monégasque authorities may request additional supporting documents.
Collating the documents to show evidence of accommodation
To show evidence of accommodation in Monaco, you need to provide either a contract or the most recent electricity bill.
Depending on your circumstances, additional documents may be required:
- If you or your company owns a property, you will need to provide proof of ownership.
- If you are renting, you will need to provide the rental agreement.
- If you are staying with someone, you will need to provide a letter from the person you are staying with, confirming your accommodation arrangement.
Collating documents to show evidence of sufficient funds
To show evidence of sufficient funds, the Monégasque authorities may request the following documents:
- If you are self-employed, or the manager or director of a company in Monaco or the surrounding area, you will need to provide financial statements and proof of income.
- If you are setting up a business in Monaco, you will need to provide a business plan and financial projections.
- If you are an employee in Monaco, you will need to provide your employment contract and recent pay slips.
- If you are retired, you will need to provide proof of retirement income or pension.
- If you are being supported by someone else, you will need to provide a letter from the person supporting you, confirming their financial responsibility.
- For all other cases, the Residents Section may request any other type of supporting document.
Please note that if your documents are not in French, English, or Italian, a translation must be supplied.
Collecting required documentation
When applying for residency in Monaco, it is important to gather all the necessary documents. Documents that are not in French, English, or Italian must be translated.
The documents required include:
- - A valid passport including the long-stay visa
- - A French residence permit, if applicable
- - Birth certificate
- - An extract from the criminal record or the equivalent issued by the authorities of the last countries you have resided in the past 5 years
- - The attestation on honour for an initial application for a residence permit
- Make sure to have all these documents ready before proceeding with your application.
A valid passport including the long-stay visa
Having a valid passport, including the long-stay visa, is a crucial requirement for obtaining a residency in Monaco.
Make sure your passport is up to date and includes the necessary visa for a long-term stay in Monaco.
If you do not have a long-stay visa, you will need to obtain one before applying for residency.
Next steps based on your situation
- Depending on your circumstances, there are additional documents you may need to provide when applying for residency in Monaco.
- If you are married, you will need to submit your marriage certificate.
- If you have children under 16, you will need to provide their passports or identity cards.
- If applicable, you will also need to provide proof of custody of minors, proof of adoption, or proof of schooling for children educated outside Monaco.
- For students, proof of student status is required.
- If you are divorced or separated, you will need to provide your divorce certificate or certificate of legal separation.
Making the application
There are two procedures for making the application for residency in Monaco: online and offline.
If you choose to apply online, you can use the online service provided by the authorities.
If you prefer the offline procedure, you will need to follow the specified steps outlined by the authorities.
Make sure to carefully follow the instructions and provide all the necessary documents when making your application.
Other residence permit procedures
- If you already hold a residence permit in Monaco, there are additional procedures you may need to follow.
- If your residence permit has expired, you will need to renew it by following the renewal procedure.
- In case your residence permit has been lost, stolen, or damaged, you will need to request a duplicate.
- If there are any changes in your civil status, address, nationality, or profession listed on your residence permit, you will need to notify the authorities.
- You can also request a residence certificate for administrative purposes to prove your residency in Monaco.
- For residence certificates for tax purposes, a separate email address is provided to make the request.
Obtaining residency in Monaco is a process that requires careful attention to detail and thorough preparation. At Monaco Properties, we are here to assist you every step of the way. Whether you are looking to move permanently or seeking a luxurious pied-à-terre, our team is dedicated to helping you achieve your dream of living in the captivating Principality of Monaco. Contact us today to learn more about our services and how we can support you in your residency application.
Whether you're seeking a permanent residence, a vacation home, or a lucrative investment opportunity, Monaco Properties is here to turn your real estate dreams into reality. Contact us today to embark on your journey to luxury living in Monaco—the jewel of the French Riviera. Let Monaco Properties be your guide to the extraordinary.
Reach out to Monaco Properties today:
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Tel. +377 97 97 33 97
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WhatsApp: +33 6 40 62 65 76
- Email: info@mpmonaco.com
Disclaimer: As a Monaco real estate agency, we partner with authorized local companies to assist with relocation, residency, and other services beyond real estate transactions. We do not provide legal advice, and our services should not be seen as legal counsel. For specific needs, we collaborate with local professionals. Information on our website and blog is for general purposes only and does not reflect individual legal procedures.
