Monaco maintains a selective approach to residency and citizenship, appealing to high-net-worth individuals seeking a prestigious and tax-efficient domicile. To obtain residency, applicants must demonstrate financial self-sufficiency, secure accommodation in Monaco and reside in the principality for at least six months annually.

Residency & citizenship

Citizenship in Monaco is granted sparingly, typically through naturalization after 10 years of continuous residency, subject to the Prince’s discretion. Applicants must renounce previous citizenships and demonstrate integration into Monegasque society.

Monaco’s stringent policies preserve its exclusivity and appeal among the global elite. Individuals considering relocation should prepare for a thorough application process and consult with legal experts familiar with Monaco’s requirements.

Sustaining a low-tax environment

Monaco’s tax system remains highly attractive, with no personal income tax for residents and no wealth, capital gains, or inheritance taxes. This fiscal environment has solidified Monaco’s status as a haven for high-net-worth individuals.

While Monaco does not impose corporate income tax on most businesses, companies earning more than 25% of their revenue outside the principality are subject to a 33.33% tax rate. Additionally, Value Added Tax (VAT) is applied at a standard rate of 20%, aligning with French VAT regulations.

Monaco’s adherence to international financial standards, including anti-money laundering measures and information exchange agreements, ensures its continued legitimacy as a financial center. Prospective residents and investors should engage with financial advisors to navigate Monaco’s tax landscape effectively.

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