ARTICLE
31 May 2024

Different Administrative Steps To Become A Monaco Resident

CP
CMS Pasquier Ciulla Marquet Pastor & Svara

Contributor

CMS Monaco is a leading law firm, providing local and international clients with a one-stop shop service for all their legal challenges, both in counselling and litigation. The firm was created in 2009 and is strongly anchored in the Monegasque market and well familiar with its dynamic economy. In 2017 the firm joined CMS, an organisation of independent law firms, composed of 80+ offices in 45+ countries, with over 6,000 lawyers worldwide, making it the only law firm in Monaco with such significant international reach. Today CMS Monaco is composed of 80+ professionals, including five partners (Avocats Associés Monégasques) and over 50 associates, experts in Monegasque law. The firm is structured around seven practice groups: Private Clients, Business Law, Real Estate & Construction, Employment, Banking & Finance, Tax and Criminal law. The teams regularly work together on complex cross-practice cases with high stakes for a large variety of Monegasque and international clients, such as companies of various sect
Taking the decision to move to Monaco involves a number of administrative formalities.
Monaco Immigration

Taking the decision to move to Monaco involves a number of administrative formalities.

The first step is to obtain an Establishment Visa for Monaco (the D type). Nationals of the European Economic Area are exempt from obtaining said visa.

The application must be submitted to the closest Consulate of France from the applicant's place of residence.

The D Visa is valid for 3 months.

The application for the first resident card must be submitted to the Monaco Resident Service within this three-month validity period.

This application will be reviewed by Monaco authorities and will give rise to a personal interview with Monaco Public Security Department.

The various investigations and checks carried out by Monaco authorities might take a relatively long time. On average, it takes around six months for the card to be issued.

The first residence permit (from the « temporary » category) is issued for a period of one year as from the date of arrival in Monaco.

This temporary card must be renewed twice at the end of its validity period.

After three years of residence in Monaco, a resident card from the « ordinary » category will be issued. Said card is valid for a three-year periodand renewable twice.

After ten years of residing in Monaco, the resident will be provided with a resident card from the "privileged" category, which has a ten-year validity period, and which may be renewed.

While residing in Monaco, any change of marital status, address, nationality or profession must be declared.

For foreign tax authorities, a Monaco resident card is not a proof of Monaco tax residence.

After having resided six months in Monaco, the resident will be able to obtain, in addition of the resident card:

  • a certificate of residence for administrative purposes, which will be required when completing various Monaco administrative formalities.

    This certificate will allow the Monaco resident to prove that he/she resides in Monaco for more than 6 months in a year (said certificate can also be obtained if the resident's main centre of activity is located in Monaco).

    The application has to be made to the Public Security Department.
  • a certificate of residence for tax purposes, which will be required to complete some tax formalities, in particular as part of tax declaration obligations.

    The issuing of such certificate will require a more detailed examination by the Public Security Department, which will check, among other criteria, that the resident has actually lived in the Principality for at least 183 days in a year.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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