The first Monaco residency card will be issued for a period of twelve months after which this card must be renewed. The card is called a Monaco Carte de Resident, Temporaire and is renewed each year for the first three years. In then fourth year of continuous Monaco residency the holder then will be issued with a three year card , known as the Monaco Carte de Resident, Ordinaire. These cards are valid for three years and must be renewed at expiry. In year ten, the holder of a Monaco residency may apply for a Carte Privilege which is granted at the discretion of the Monaco authorities. This is not automatically granted and if not granted the applicant will continue to receive the three year Monaco resident’s card.
Residency allows the applicant to live in Monaco as long as desired. After ten years in permanent residency status it is possible to apply for citizenship.
What are the requirements for Monaco Residency?
The minimum amount required by the Monaco government for a residency application is € 500,000 per the main applicant to be deposited in an account in the applicant’s name with a bank in Monaco and which must be held with the bank at all times during the residency period. If renting the lease must be for a minimum of 12 months and have sufficient bedrooms to accommodate the number of persons applying.
To complete the Monaco residency process, an official residency interview will be arranged during which all the required documents are submitted.
How to obtain a Monaco Residency?
Empire, a leading Professional Services & Advisory Firm focused on immigration and residency offers you a simplified path to apply for the Monaco Residency program and secure approvals within the shortest possible time. With our team of immigration experts, you are assured that your application is in informed hands. If you are interested in obtaining more information about this program, please complete the form. One of our representatives will be in contact with you. You can reach us by phone at +60350331665 or visit our website empireglobal.partners. We also look forward to your emails at firstname.lastname@example.org. We offer clear written contract agreements mentioning the applicable charges including the refund policy, in the unlikely event that the application is unsuccessful.