Citizenship by Investment Monaco

About Monaco:

• Monaco is a small independent city-state on the Mediterranean coast of France, known for its luxurious casinos, the bay lined with yachts and the prestigious racing race of the Grand Prix, which runs through the streets of Monaco once a year.
• Monte Carlo, its main district, houses an elegant casino complex of the belle époque and the decorated opera house Salle Garnier.
• It also has several luxury hotels, fashion shops, nightclubs and restaurants.
• The Principality has succeeded in diversifying its services and in creating small, high-value-added, non-polluting industries.
• Its currency is the Euro and the GDP per capita is 162,009.88 USD (2011), with a GDP growth rate of -2.6% annual change (2009)

Benefits:

• Monaco is not part of the European Union so the country is empowered to make its own laws, regulations, and directives concerning taxes and other banking and financial matters.
• Monaco does not impose any income tax, wealth tax, local tax, or capital gains tax on its citizens.
• Monaco corporate income tax and inheritance tax that is very small in comparison to other countries.
• The country is party to only one tax treaty and that treaty is with France.
• Tax efficient fiscal regime
• Zero income taxes
• Zero capital gains taxes
• Zero wealth tax
• Zero inheritance taxes for direct heirs
• A very secure environment
• Good local and international schools in Monaco
  Excellent health care

How to be Considered:

• Hold no criminal record.
• Applicant must have high net worth
• Pass the interview with an immigration official.
• Applicants and the family have to spent at least 6 months of every year physically residing in Monaco.

Investment Categories:

Investment for Permanent Residence

The applicant must invest a minimum of 1,000,000 euros of which must be deposited and kept in a Monaco bank.

An additional 500,000 euros must be put towards the purchase of a deed of property worth that amount. Furthermore, the applicant must also prove to the Monaco authority that the applicant has sufficient bank funds to provide for the national’s residence in the country and  adequate accommodations in the country

Naturalization Process

Applicants seeking to become Monaco citizens must meet the following requirements:

1)Residence for 10 Years;
2)Applicants must no longer be subject to conscription or military service in another country.
3)Applicants must renounce any foreign nationality they currently possess.

The Monaco government may deny a naturalization application even if the investor meets all of the requirements. These denials may not be appealed though the investor may reapply multiple times.

For a Free Consultation on Migrating to Monaco Contact us, and an Immigration Consultant will be assigned to speak with you right away.