Within the Schengen Zone, Monaco Residency by Investment provides visa-free travel to 26 EU countries, including Switzerland, Luxembourg, Italy, and Germany. Take your family on a spontaneous European vacation or go on a last-minute business trip. To be considered for residency in Monaco, candidates must show proof of a place to live, sufficient income to support themselves and their family, and a decent moral character. Permanent residency in Monaco allows EU and non-EU nationals, as well as their families, the right to live permanently in the Principality.
Monaco is a highly appealing country for high-net-worth individuals and enterprises, as it is widely considered as a highly effective instrument for international tax and wealth planning. For both natives and foreign residents, there is no income tax. Furthermore, until more than 25% of their revenue comes from outside the country, locally registered enterprises are exempt from paying taxes.