Residence Card for Financially Independent Persons
Monaco
Last updated: December 26, 2025
1-year card (renewable)
$87-$174
6-9 months
Medium
About this Visa
Monaco offers residency to wealthy people who don't need to work. You deposit €500,000 in a Monaco bank, and you can live there legally. You don't need a job—just money to support yourself. This visa is unique because you pay zero income tax, zero property tax, and zero investment taxes. This saves wealthy people hundreds of thousands of dollars. It's different from work visas because you're not going for employment. You're going because you're financially self-sufficient.
Key Benefits
- Zero income tax on all earnings
- Zero tax on property and investments
- Travel Europe freely without needing other visas
- Bring family (spouse and children can come with you)
- World-class passport after 10 years of citizenship (visits 170+ countries visa-free)
- Excellent healthcare and safety
- Luxury Mediterranean lifestyle
Eligibility & Requirements
Eligibility Criteria
- At least 16 years old
- €500,000 in Monaco bank account
- No criminal record (checked across all countries of residence)
- Valid accommodation in Monaco
- Spend minimum 3 months per year in Monaco
- Valid health insurance
- Prove money comes from legitimate sources
Financial Requirement
You must deposit €500,000 ($588,650) in a Monaco bank. This money cannot be touched or removed. You also need proof of steady income (job, pension, investments, business) to show you can support yourself.
Documents
- Valid passportMust be valid for duration of stay
- Birth certificateOriginal or certified copy
- Marriage/divorce papersIf applicable, certified copy
- Criminal record from home countryMust be less than 3 months old
- Criminal records from past 5 years residencesFrom every country where you have lived
- Proof of non-bankruptcyCertificate of non-bankruptcy
- Monaco bank letterConfirming your €500,000 deposit
- Bank statementsLast 3 months
- Proof of incomeTax returns, job letter, pension documents, or investment statements
- Housing proofRental contract or property deed
- Health insurance certificateMust cover all health risks
- Translated documentsAll foreign-language documents must be professionally translated to French and certified
Disclaimer: The information on this page is for general informational purposes only and does not constitute legal or immigration advice. Visa requirements, fees, and processes change frequently. Please verify all information with official government sources and consult a qualified immigration attorney before making decisions.