A Monaco residency card opens the doors to a luxurious tax-free lifestyle. Europe Emirates Group offers A to Z assistance with all elements of Monaco’s residency application process requirements.
Once the Monaco residency card is issued, the client becomes an official resident and can enjoy the zero income tax and zero inheritance tax environment this status affords.
Monaco residents can also enjoy the benefits of no capital gains tax, which applies to assets held in Monaco and elsewhere. Clients may purchase and sell local real estate with no tax penalty on profits.
Moving to Monaco
Moving to Monaco can be as straightforward or as complicated as you make it. You are not required to have relocation assistance, but most people do.
First of all, the applicant will need to open an account with a bank in Monaco. Depending on the bank, they will ask for a minimum initial deposit of €500,000 to €1 million. Emirates Europe Group can assist with the bank introductions.
Once the Monaco bank account is open (10 to 15 working days), the bank will, on request, issue the bank attestation letter to the immigration office, stating that the client has sufficient funds to support himself or herself in Monaco. If the applicant has a job offer, then you must supply a copy of the employment contract.
Before you move
Before your relocation, Europe Emirates Group can offer you a detailed overview of Monaco. We will give you a complete debrief of housing, schooling and general living options.
Finding a home
We can assist with your property search, produce a shortlist, and arrange viewings with the estate agents. The estate agents will complete the rental agreement, assist with telephone connection, and register your electricity account. Three months’ rent is to be paid in advance, as well as three months’ rent as a refundable security deposit.
We can offer tailored support to help you settle in to life in Monaco. Whether it’s finding the closest pharmacy, the best doctor’s office or setting up bank accounts, our team is on hand to make your relocation and new residency in Monaco as smooth as possible.
You must file the official Monaco residency application in person; Europe Emirates Group can set up the necessary appointments and prepare all the required official documentation for the client.
We can locate short-term housing solutions that offer you enhanced benefits and lower costs than staying at hotels.
We can locate great schools and then walk you through the selection and registration process.