What are the requirements for moving to Monaco?

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Moving to the Principality as an expatriate or to become a permanent resident requires a thorough knowledge of the procedures to follow and the conditions to be met. In this article, you will find all the important information you need to know to settle in Monaco.

Staying in Monaco for less than 3 months

Foreigners who plan to stay in Monaco for a maximum of three months per year generally need an identity document only, such as an identity card or travel passport. For non-Europeans, the same document is required to enter France.

Staying in Monaco for more than 3 months

Requirements for Europeans:

For European citizens, with the exception of French residents who plan to stay in the Principality for more than three months, the following evidence is required to obtain an official residence permit from the Public Security:

• Proof of accommodation in Monaco (it can be rented or owned) Find out which area of Monaco suits you best.
• Proof of sufficient financial resources such as :
  • An employment contract
  • An authorised document indicating that you are a director of your company, self-employed, etc.
  • A bank certificate
  • Proof of support from a third party
  • Proof of sufficient savings
• Proof of good character, such as
• An extract from your criminal record
  A certificate of honour attesting that you have never been convicted before.

European residents do not need to apply for a visa to settle in Monaco.

Requirements for non- Europeans

If you are a citizen of a country that is not part of the European Economic Area, you will need to apply for a visa to come to Monaco by presenting the following documents to the French Consulate:

• Proof of accommodation in Monaco (it can be rented, owned or promised).
  • Proof of sufficient financial resources such as
  • An employment contract
  • An authorised document indicating that you are a director of your company, self-employed, etc.
  • A bank certificate
  • Proof of support from a third party
  • Proof of sufficient savings
• Proof of good character, such as
  • An extract from your criminal record
  • A certificate in your honour that you have never been convicted before.
• Identity documents
• The application form for a long-stay visa

As soon as you have obtained the visa, you must apply for the official residence permit from the public security, following the same procedure as for EU nationals.

However, if you have lived in France before moving to Monaco, the procedure is slightly different.

Applicants who have been staying in France for more than one year

If you are a national of a non-European Economic Area country and have been resident in France for more than a year, you should do the following:

• Submit the application for settlement to the French Embassy in Monaco.
• Present a copy of the French residence permit
   

Applicants who have been staying in France for less than a year

As a non-European national staying in France for less than a year, you must follow the rules applicable to foreigners from states outside the European Economic Area and apply for a visa at the French consulate.

Overall, the formal application process is pleasantly simple and most importantly, worth the effort! The principality offers the advantages of an incomparable tax system, an exceptionally high standard of living, the most prestigious environment you could ask for and visa-free access to all Schengen states for its residents.

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