Moving to Monaco:
Requirements, Procedures, and Benefits

Moving to Monaco in 2026: The Complete Guide

Monaco continues to attract a discerning international clientele, drawn by political stability, exceptional security, and a particularly advantageous tax framework. However, becoming a Monegasque resident requires meeting strict criteria and carefully planning each step of the process.

In this comprehensive guide, discover all the conditions, procedures, and tips to successfully settle in the Principality.

Why Move to Monaco in 2026?

Monaco stands out as one of the most attractive destinations in the world for entrepreneurs, investors, and wealthy families.

The main advantages:

• Exceptional quality of life (climate, security, infrastructure)
• Dynamic and international economy
• Attractive taxation (no income tax for most residents)
• Strategic location in Europe
• Political and legal stability

In 2026, Monaco further enhances its appeal with continuous infrastructure modernization and a strong focus on innovation and sustainable finance.

Requirements for Moving to Monaco

To reside in Monaco for more than 3 months per year, it is mandatory to obtain a Monegasque residence card.

1. Have Accommodation in Monaco

You must prove that you have suitable accommodation for your situation:

• Purchase of a property
• Rental of an apartment
• Accommodation with a third party

The accommodation must be consistent with your standard of living and household composition.

2. Demonstrate Sufficient Financial Resources

Monegasque authorities require proof of solvency through:

• An employment contract
• Independent or entrepreneurial activity
• Passive income or significant savings
• A bank statement or certificate

Opening a bank account in Monaco is often a key step in the process.

3. Demonstrate Good Moral Character

A criminal record check is required to validate your application.

4. Specific Conditions Based on Nationality

European (EEA) citizens: no visa required
Non-European citizens: must obtain a residence visa via France before starting any process

Steps to Obtain Monegasque Residency

Step 1: Prepare Your Plan

• Define your status (employee, entrepreneur, or retiree)
• Find accommodation
• Organize your financial situation

Step 2: Assemble Your Application

You will need to provide:

• Valid identification
• Proof of accommodation
• Proof of financial resources
• Criminal record certificate

Step 3: Submit Your Application

Applications are submitted to the Public Security Department of Monaco.

Step 4: Receive Your Residence Card

Several types of cards are available:

• Temporary card (1 year)
• Ordinary card (3 years)
• Privileged card (10 years)

S’installer à Monaco pour travailler ou entreprendre

Monaco offre de nombreuses opportunités professionnelles, mais certaines activités sont réglementées.

Créer une entreprise implique :

• Une autorisation administrative préalable
• Le choix d’une structure juridique (SARL, SAM, etc.)
• Le respect de règles spécifiques selon le secteur

Les secteurs clés en 2026 :

• Finance et gestion de patrimoine
• Technologies et innovation
• Luxe et services haut de gamme

Taxation in Monaco: A Major Advantage

One of Monaco's main attractions remains its tax regime:

• No income tax (except in specific cases)
• No property tax
• No local residence tax

This favorable tax environment is especially appealing to entrepreneurs, investors, and family offices.

Real Estate in Monaco: An Exceptional Market

The Monaco real estate market is one of the most exclusive in the world.

What to expect in 2026:

• Prices among the highest per square meter
• Strong international demand
• Limited supply

It is highly recommended to work with experts to secure your investment and expedite the residency process.