Monaco residence permit: the carte de séjour through housing and a bank file

No. The law sets no investment threshold and no contribution to the State. The basis for the residence card is Sovereign Ordinance 3.153 of 19 March 1964: housing in the Principality, sufficient funds, a clean record and, for non-EEA nationals, a French type D visa. Offers of ‘Monaco residence for EUR 500,000’ describe not a programme but a bank’s requirement for funds placed.

The official conditions speak only of ‘sufficient savings’, and what is sufficient is decided by the bank issuing the reference letter. In practice Monaco banks ask for funds of indicatively EUR 500,000, at some banks up to EUR 1,000,000. That is the condition of a particular bank, not a threshold set by law; banks differ in what they expect of the amount, the source of funds and the client profile. For Indian residents the remittance must be planned under the Liberalised Remittance Scheme.

Non-EEA nationals, including Indian citizens, do: before any step in Monaco you need a long-stay type D visa for settling in Monaco, issued by the French Consulate in your country of residence (in India through the French consulates and their visa centres; UAE residents apply in the UAE), including for minor children. If you have lived in France lawfully for over a year, a transfer of residence is arranged through the French Embassy in Monaco. EEA nationals need only a passport.

Monaco sets no statutory term: the Residents Section checks the file, then schedules an interview and issues the card. In our practice the whole path with housing, bank and the type D visa takes roughly 2–5 months, and the longest parts are the bank and the consulate. This is a guide, not a promise.

The card is compulsory for anyone living in the Principality for more than 3 months a year and is renewed annually on electricity bills and proof of funds. The residence certificate is issued only for a principal residence in Monaco, and the certificate of tax domicile is issued by the tax department for 3 years after checking actual residence. Without real life there the status does not work.

Three main types under Article 5 of Ordinance 3.153: temporaire for 1 year, for new residents; ordinaire after more than 3 years of residence, for 3 years; privilégié after 10 years of residence, for 10 years. Fees: EUR 80 / 100 / 160 for first issue and EUR 40 / 50 / 80 for renewal.

No income tax, no wealth tax and no annual property tax for individuals. The exception is French nationals: under the 1963 convention they pay French income tax as if they lived in France. Inheritance and gift tax applies only to assets situated in Monaco: 0% in the direct line and between spouses, 8% between siblings, 10% for uncles and nephews, 13% for other relatives, 16% for unrelated persons. VAT follows French rates. Your Indian tax position depends on residential status under the Income-tax Act and must be planned separately.

The residence card is not in itself a work permit: employment and business activity in the Principality are authorised separately. For the card itself you do not have to work — proving funds is enough. If you plan a business in Monaco, we cost that route separately.

In theory yes, but it is a long and discretionary road: under Law 1.155 on nationality naturalisation is possible after 10 years of residence in the Principality after the age of 18, with renunciation of the previous nationality, and the decision rests with the Prince. We do not offer Monaco as a route to a passport — it is a status for living. India does not allow dual citizenship in any case.

Monaco is not an EU member and is not formally a party to the Schengen Agreement. Travel with a Monaco residence card depends on your nationality and on Monaco’s arrangements with France; we check this for your specific passport and do not promise ‘free Schengen’ in advance.

Monaco banks check the origin of funds to international standards, and for some nationalities the check is stricter and longer. We plan the account opening and the transfer before filing: the right bank for your profile, a document pack on the origin of capital, the remittance route (LRS for Indian residents, documented transfers for UAE residents). This is the main driver of timing for Monaco.

With a free audit: nationality, source of funds, family composition, criminal record. You then receive a budget (housing, bank, fees) and a step-by-step plan: bank, housing, type D visa, filing with the Residents Section.

Yes. Each adult files their own carte de séjour application, and the conditions are the same: housing (it can be with you, under a certificate of accommodation), funds (your undertaking of support backed by proof of income) and a criminal record extract. There is no age limit or dependency test in the published conditions. Non-EEA nationals need a French type D visa each.

The law sets no amount either for the applicant or for a family member. Two things grow: the bank’s expectations of the funds placed, if you are supporting several people, and the housing requirement, since the home must match the household. Fees: EUR 80 for the first card of each person over 16. Children under 16 receive no card and pay no fee.

Yes. If the application is refused through the fault of our team or an error in building the case, we refund the company's service fee less a minimal retention for costs actually incurred. Refund terms, the payment schedule and the rules on retaining service costs are fixed in the contract before work begins. Before we start, we check your documents and risk history free of charge and tell you about any risks in advance.