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.
In the principality, there are no limitations on foreigners opening bank accounts or owning real estate.
If the qualifications are met, residency can be given to the spouse/partner, children, and parents.
After ten years of permanent residency, you are eligible to apply for citizenship.
Non residents are not subject to income or capital gains taxes. There will be no double taxation arrangements.