Our services go beyond your real estate needs. Whether you are a new owner or a tenant, B&C Monaco Properties supports you in each step of your installation in the Principality. We will activate a vast network of professionals ready to help you with all types of procedures: renovation work, moving in, enrolling your children in school, opening bank accounts, telecom subscriptions, creating a professional activity or purchasing and registering vehicles.
Anyone over 16 years old who wishes to reside in Monaco for more than three months a year, or set up home in the Principality, must apply for a residence permit from the Monégasque authorities. Residence permits are not issued to minors under the age of 16; a Travel document for a foreign minor may be issued to enable overseas travel.
Once an application for a residence permit has been submitted, a ‘temporary’ card valid for one year may be issued, for which there are no particular length of residency requirements. The fee for issuing a first permit is €80.
The requirements for foreigners settling in Monaco vary depending on the nationality of the applicant.
In all cases, you must be able to prove that you have:
Accommodation in Monaco which is large enough to accommodate those living there, through:
• Being the owner of a house or apartment; or
• Being the director or unit holder of a company which owns a house or apartment; or
• Renting a house or apartment; or
• Staying with a close relative, your spouse, or partner with whom you are living as a couple
Sufficient financial resources, by means of:
• A salary; or
• Professional income (independent commercial activity or through a company); or
• Sufficient savings (the sum which is judged sufficient depends on the banking establishment in Monaco providing the reference); or
• Being supported by a relative, spouse or partner with whom you are living as a couple
Good character, by supplying a copy of your criminal records information or equivalent (Certificato penale + Certificato dei carichi pendenti in Italy, Führungszeugnis in Germany, Copy of Police Records in the United Kingdom, FBI Background Check in the United States, etc.), issued by the authorities of the last country or two countries in which you have resided in the five years prior to your arrival in Monaco.
If your circumstances do not match those described above or if there is a good reason why you are unable to supply one of the documents required, please contact the Residency, Certifications and Lost-and-Found Section, which will review your situation.
If you leave Monaco, you must surrender your residence permit.
For any request, you can also inquire at the Resident Service or on the website : https://en.service-public-particuliers.gouv.mc/Nationality-and-residency/Residency.
• HEALTH CARE The city offers a high living quality to its citizen as the government of Monaco places a high priority on Health and wellbeing. Three hospitals are located in Monaco with different specialties. The Princess Grace Hospital which operates as a general hospital with a 24-hour emergency department. The Cardio-Thoracic Center where a renowned medical team focus on thoracic and cardiovascular pathologies. The Haemodialysis Center specialized in nephrology.
• SAFETY Monaco is one of the most secure and safest places on earth. There is an efficient live video surveillance on the entire surface of the Principality and almost all the residential buildings. The Principality has a police officer for every 60 residents.
• EDUCATION Diplomas and educational programs are the same as the French system. Renowned international schools are also welcoming residents from all around the world with international programs from early years to university. With a competent educational system, Monaco’s students have more than 95% passing rate in the French baccalaureate.
Years after years, Monaco has become a popular place for the worldwide elite. 125 nationalities make up the Monaco community. Events like the Monte-Carlo Rolex Masters, the Formula 1 Grand Prix, the International Circus Festival, the International Television Festival, the Monte-Carlo Ballets, the Opera and Philharmonic Orchestra are sure to attract and entertain wealthy tourists and businessmen.
Tourism Office : https://www.visitmonaco.com/en
Capital Gain Tax Since 1869, a Monaco resident has no personal income tax, the only exception is French citizens settled in the Principality. There is also no capital gains tax except for French and U.S nationals.
> 0%: To direct heirs or spouses
> 8%: Between siblings
> 10%: Between uncles, aunts and nephews/nieces
> 13%: Between relative persons
> 16%: Between non-relative persons
There are no property taxes in Monaco.
A duty of 1% on rental properties based on the annual rent plus other applicable charges. This tax is payable by the tenant.
Tax The main principal of Monaco’s fiscal system is the total absence of direct taxation. There are two exceptions to this principal:
> Companies earning more than 25% of their turnover outside of the Principality, are subject to a tax of 33,33% on profits.
> Companies whose activities consist of earning revenus from patents and literary or artistic property rights, are subject to a tax of 33,33% on profits.
Fiscal stamps must be obtained for all official civil and judicial acts. In addition, all documents which could be produced as evidence in a court of law must be stamped in order to be valid. Stamp costs are either a fixed fee or depend on the format of the document or the values involved in the acts. Registration duties are collected for the registration of real estate transfers or change of ownership.