Monaco Guides & Knowledges
NOTARIES IN MONACO
The notaries of Monaco are an institution that have the exclusive right to draw up the deed of sale of real estate between two natural and/or legal persons. They also guarantee that the real estate sold is free of any pledge.
HOW TO BECOME A PROPERTY OWNER AND RESIDENT IN MONACO
The Principality of Monaco attracts many investors from all over the world. Whether you are already in Monaco, in a country of the European Union, or in any other country, you can become the owner of a property, and reside in Monaco. If you are interested in buying a property in Monaco, you will find here all the information you need to carry out your project.
SELLING A LIFE ANNUITY FLAT IN MONACO
A life annuity is the sale of one or more properties to a buyer who pays the seller a life annuity in exchange until his or her unforeseen death. Selling a property as a life annuity allows the buyer to quickly dispose of a certain amount of money and to ensure a regular income while continuing to benefit from the use or usufruct of the property.
PROPERTIES TRADER IN MONACO
The merchant of goods is a trader who carries out real estate transactions, he acquires property to renovate at discounted prices, carries out improvement work and then resells it and thus makes a capital gain. He thus benefits from the legal status of trader, and must therefore be registered in the Trade and Companies Register, keep his accounts and produce annual accounts. To practice this profession, no diploma is necessary, it will just be necessary to create the necessary legal structure.
FLATS UNDER LAW 887
In the case of the purchase of an apartment under law 887, the apartment can only be rented with a lease of a minimum period of six years exclusively terminable by the tenant. In addition, the tenant must meet one of the following criteria:
FLATS UNDER LAW 1291/1235
Residential apartments built before1 September 1947 have rents regulated by the housing services in Monaco. In addition, these apartments can only be rented to tenants who meet one of the following criteria:
INTRODUCTION TO MONEGASQUE RESIDENCY
Many companies and foreigners want to open an office in Monaco. If the climate, the comfort of life, the security and the tax advantages of the Principality are a dream come true for most of them, settling in the exclusive city-state is something that can not be done on a whim. Here are some details about the Monegasque residency application.
The first thing to understand is that the procedure varies depending on your nationality. Citizens of the European Economic Area (EEA) only need a valid identity card or passport to apply for a permit. Nationals of non-EEA countries, on the other hand, must apply for a settlement visa in Monaco, which is issued by the French authorities. Minors from non-EEA countries must also obtain a visa.
