Relocation in Monaco Relocation

Relocation in The Principality of Monaco

There is a possibility to stay and live in the Principality of Monaco for a maximum period of three months without any residency permit or VISA. Usually this three months period is perfectly enough to get a glimpse of the quality of life that Monaco can offer.


With no doubt one of the positive aspects of the Principality of Monaco is the care and the security that it offers for its residents. It is among the main key factors for many people who come to Monaco from unsafe environments. Once they realise all that Monaco offers for its residents they are willing to pay higher initial fees to find a secured and pleasant place for themselves and for their beloved family.

The Principality of Monaco forms a part of our self-ideal. You can find in Monaco the combination of all the qualities and attributes of other people you may admire. Perhaps you have not always lived the best way as you always imagined but if you are striving to be better in the different areas of your life, this environment can motivate you and your family to achieve whatever your desire is to be.

What is also unique to see as a foreign person is the strong respect and mutual support that the Grimaldi family and the Monégasque people share for each other. It is very rare to find a bond like this in other countries, specially a bond which has remained so strong throughout the past centuries. This is one of the factors, which will definitely change your life philosophy once you become a long term resident of the Principality of Monaco.

After spending only a few months in Monaco you can realise how competitive it is for you and your family. Because Monaco offers values for each member of a family without age limitations.

The Principality of Monaco is also very strong in cultural values. In its multi-cultural environment the Principality offers high standard, internationally recognised education for your children. It also offers a multi language environment where the three mainly used languages are the French, Italian and English.

Although Monaco’s official language is French sometimes you can also hear the traditional national Monégasque language of the Monégasque people. Monégasque was threatened with extinction in the 1970s, but luckily the language is now being taught in schools and its continuance is regarded as secured. It is a very interesting fact and sign of safeguarding the Monégasque language that in the old part of Monaco, the street signs are marked with Monégasque in addition to French.

So the multi-cultural environment and the possibility to learn and practice three-four languages in the same small environment is a very great and motivating aspect. It also provides the benefit of better future possibilities for the young generation who grow up within the territory of the Principality of Monaco.

Obviously the Principality is also competitive for the elder generation by offering a very flexible business environment. What is very interesting in Monaco is that after three years of a business operation the Government taxes you based only on your business profit. Therefore you will have various supports and motivations, which will allow you to focus on your business development. It is a mutual interest in Monaco between the business owners and the Princely Government. Obviously if you are getting more and more wealthier it enlightens the prestige of the Principality as well. Common goals and common efforts make this environment so special.

There is a possibility to stay and live in the Principality of Monaco for a maximum period of three months without any residency permit or VISA. It does not matter whether you arrive for a one day visit or for a longer time period of up to three months, the basic principals are the same. During this time period you are considered as a tourist.

Usually this three months period is perfectly enough to get a glimpse of the quality of life that Monaco can offer. You can also get a great impression of the country, the events, the people and the whole atmosphere. If you are smart enough you can discover many social clubs and networking places as well and you can already build up some valuable connections by the end of the third month.

Based on the regulations any person of foreign nationality who wishes to enter Monégasque territory and stay there for a period not exceeding three months must have the document (passport, travel or identity document) required for entry into French territory.

Conditions required for entry and residence in the Principality for a period not exceeding three months:

  • Any person of foreign nationality who wishes to enter Monégasque territory and stay there for a period not exceeding three months must have the document (passport, travel or identity document) required for entry into French territory.
  • French subjects must merely be holders of the national identity card.

No other formality is required for foreigners who wish to travel to Monaco.

Many visitors use this initial three months period to see how they can adjust their daily routines to the new life offered by Monaco. Obviously after three months they need to make a decision whether they will stay longer or not since the Principality of Monaco requires a residence permit (Carte de Sejour) if one is willing to extend their stay for a longer period.


Read more: Living in Monaco Living in Monaco

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A comprehensive, objective and brutally honest book about the Principality of Monaco and its living environment. The author intended to hunt down the myth around Monaco and to go beyond gossips. It is not a travel book, it is an ultimate guideline to those who are aiming to get a glimpse about the real Monaco and who have the desire to relocate their personal or business life to the Principality.

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IMMOBILIA 2000 (SNC VARON-COLETTI)
30 Boulevard des Moulins
4.35%
ALBU
25 ,Boulevard Albert 1er
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GROUPE MEMMO SCI
14 Quai Jean-Charles Rey
23.08%
ROYAL RIVIERA IMMOBILIER
1 Avenue Henry Dunant, Palais de la Scala
15.63%
AGENCE DES AMBASSADEURS
1 Avenue de Grande Bretagne, Les Floralies
0%
BELLONE SARL
13 Boulevard Princesse Charlotte, Le Victoria
12%
LE BAHIA SAM
7 Rue du Gabian, Gildo Pastor Center
38.46%
AGENCE LE ZODIAQUE
Place des Moulins, Le Continental
43.48%
ATTOL AGENCY
1 Rue des Genêts, Le Millefiori
12%
AGENCE INTERMEDIA
17 Avenue de l'Annonciade
27.27%

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The Principality of Monaco

Facts & Figures

Geography

Population

Economy

  • GDP (2013) 4.94 billion euros
  • GDP Growth rate (2013) 9.3%
  • Employment (2014) 52 177
  • Banks (institutions entitled to receive all types of deposits) (2014) 35

Real-Estate market

  • Average price per sq.m (2014) 37 179 Euro
  • Real estate sales (2014) 11
  • Real estate resales (2014) 555
  • Total known area (2014) 47 001
Living in Monaco

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