Moving to Monaco: Beyond Taxation, A Sanctuary of Excellence

While the favorable tax framework is often the initial catalyst for relocation, it is the exceptional quality of life that fosters long-term loyalty among residents. Monaco is not merely a fiscal destination; it is a true haven of peace.

Why Choose Monaco? An Unmatched Lifestyle

Absolute Serenity and Security

Monaco is undoubtedly one of the safest sovereign states in the world. With a ratio of approximately one police officer for every 70 residents and a state-of-the-art surveillance system operating 24/7, the "Sûreté Publique" (Public Security) guarantees total peace of mind for you and your assets. This uncompromised safety is an invaluable luxury for families and high-profile individuals seeking serenity.

A Unique Environment for Wealth Preservation

Becoming a Monaco resident offers a stable environment conducive to managing and preserving your legacy:

Income Tax: 0% for individuals (with the exception of French nationals governed by the 1963 bilateral convention).
Inheritance Tax: 0% on direct lines (parents/children) and between spouses.
Real Estate Wealth Tax (IFI): Non-existent in the Principality.

Excellence in Daily Life

The Principality offers world-class infrastructure within a cosmopolitan setting. The educational options, such as the International School of Monaco, and the healthcare system—notably the Princess Grace Hospital Centre—rival the best global standards. Residents also enjoy an effervescent cultural life driven by the Ballets de Monte-Carlo, the Opera, and legendary sporting events like the Formula 1 Grand Prix.

The Three Pillars of Residency Eligibility

To obtain the Carte de Séjour (residency permit), every applicant over the age of 16 must validate three fundamental conditions. This is where the bespoke expertise of PIRAS Real Estate becomes a strategic asset.

Proof of Accommodation

The Decisive Step
You must demonstrate that you have accommodation in Monaco appropriate for the size of your household. Three options are available:

Acquisition: Owning a property in the Principality.
Rental: Holding a registered lease for a minimum of one year.
Accommodation: Being hosted by a close relative or via a company, subject to specific strict regulations.

The PIRAS Expertise: Finding the ideal residence is the cornerstone of your application. Whether you seek a family apartment in Fontvieille or a pied-à-terre in the Carré d'Or, our teams select properties that strictly meet the eligibility criteria of the Public Security.

Financial Independence

The Princely Government requires a guarantee that you can reside in Monaco without relying on state aid. You will be asked to provide a bank certificate issued by a Monaco bank, confirming that you possess sufficient resources to support your lifestyle.

Good Moral Character

A copy of your criminal record (or equivalent) from your last two countries of residence is mandatory. This background check is a fundamental step that ensures the continued safety and harmony of the community.

The Administrative Journey: Visas and Permits

The application process differs depending on your citizenship, ensuring a regulated entry into the territory.

For EU and EEA Nationals : The procedure is streamlined. No visa is required. You may directly request an appointment at the Residents Section of the Sûreté Publique once you have settled into your Monaco residence.

For Non-EU Nationals : The journey begins prior to your arrival. You must apply for a long-stay settlement visa (Type D) for Monaco at the French consulate in your current place of residence. Only once this visa is obtained can you initiate the residency process on Monegasque soil.

The Official Interview : Once your file is complete, you will be invited for an official interview. This is a significant formality where your installation project and motivations will be discussed with the authorities.

Understanding Your Residency Status

While becoming a Monegasque citizen is rare, the status of "Resident" offers rights that evolve with your tenure in the Principality:

Carte de Résident "Temporaire": Valid for 1 year. This is the initial document issued to newcomers, renewable annually for your first three years.
Carte de Résident "Ordinaire": Valid for 3 years. This status is granted after three years of continuous residence.
Carte de Résident "Privilégié": Valid for 10 years. This prestigious status is accessible after ten years of presence, marking your deep integration into the Principality.

Ready to Initiate Your Lifestyle Change ?

Moving to Monaco is an exciting chapter that begins with choosing the right address. A strategic error in selecting a property or in compiling the rental file can delay the approval of your residency.

At PIRAS Real Estate, we go beyond simply finding you a property; we facilitate your integration. Leveraging our network of trusted partners—including private banks and legal advisors—we guide you to ensure your arrival is handled with fluidity, discretion, and excellence.