Monaco Residency
MONACO RESIDENCY
Monaco is a safe and dynamic place to live that offers a high quality of life and a gentle tax environment to its residents. If you are, like many of the world's elite, interested in living in Monaco, we can help you find accommodation, open a bank account and obtain Monaco residency in a few steps.
The conditions for foreigners to settle in Monaco differ depending on the nationality of the applicant. In all cases, it is necessary to be able to prove :
- accommodation in Monaco of a size suitable for the needs of the persons residing there.
- a salary enabling them to maintain a decent standard of living
- good character by providing an extract from the criminal record or equivalent.
To request our assistance, please fill in the form below and we will contact you shortly.
INHERITANCE, GIFT AND WEALTH TAXES IN MONACO
Monaco offers a gentle and attractive tax system, particularly with regard to inheritance, gifts and wealth tax.
MONACO RESIDENCY APPLICATION
Monaco Properties is at your disposal to assist you in obtaining your residence in Monaco (Monte-Carlo)
Our agents will assist you in the preparation of your residency application, they will make you meet the agents of the local banks to facilitate the opening of a bank account. Most importantly, Monaco Properties agents will do everything to find your dream home, for rent or sale!
REAL ESTATE IN MONACO
Supported by historically low interest rates and historically high equity markets, the price per square meter in Monaco is worth an average of €47,600 with peaks of more than €100,000 in some residences.
HOW TO SELL AN APARTMENT IN MONACO
Are you thinking of selling your apartment? The following lines will present the main steps necessary to sell your apartment in the best possible conditions. The MONACO PROPERTIES team will strive to provide you with a tailor-made service to ensure ease and satisfaction in this difficult experience.
HOW TO RENT AN APARTMENT IN MONACO
With each rental request, we undertake a comprehensive market search and continue to work until we find the ideal property for you.
Monaco Properties’ agents can ensure nothing less than professionalism and high-quality work. Being an official member of the Monaco Real Estate Chamber, we guarantee regulated and standardized terms and conditions for renting an apartment in Monaco.
HOW TO BUY AN APARTMENT IN MONACO
Monaco Properties aim is to help you buy, sell, or rent an apartment in Monaco. There are no restrictions for foreigners, therefore, our multilingual agents will be at your disposal to assist you in all stages of your project in Monaco and on the French Riviera.
As an official member of the Monaco Real Estate Chamber, we can ensure professionalism for our clients. From apartment search and price negotiations to mortgage offers and legal paperwork, our agents will assist you in meeting your objectives with ease.
HOW TO OPEN A BANK ACCOUNT IN MONACO
Opening a bank account in Monaco is one of the 4 main conditions to obtain a residence card in Monaco. As the opening procedure can take between a week and a few months, it is strongly recommended to start the process of opening a bank account in Monaco as early as possible in your relocation project in Monaco. Indeed, many banks in Monaco will allow you to open an account without having a direct debit in Monaco.
TAXATION IN MONACO
One of the advantages of the Principality is not only its climate and its natural environment, a so-called soft taxation for natural persons, indeed the absence of any income tax results from an ordinance taken in 1869 by Prince Charles III.
The only direct tax levied in the Principality is the tax on profits from industrial and commercial activities. There is no wealth tax, property tax or housing tax in the Principality.
