Settling in Monaco: the useful checklist
Do you want to live in Monaco? Our real estate agency is there to accompany you throughout your settling in Monaco (search for real estate, procedure for obtaining the residence permit, etc.). This article explains the paperwork to settle in Monaco.
The conditions for settling in Monaco
To settle in Monaco, you must have a resident card. This card is issued by the Monegasque authorities to any foreign person over the age of 16 who resides in Monaco for more than three months a year. In order to obtain this card, three conditions must be fulfilled.First of all, you have to certify a place of residence in the Principality
The property can be bought or rented. In the case of an acquisition, the notarized title deed and an electricity bill justifying your address must be added to the file. In the case of a lease, the lease must be at least twelve months. The rental agreement must be registered with the "Direction des Services Fiscaux" (Tax Department). This document, accompanied by an electric bill to certify your address, will be attached to the file.Then, you have to prove a good morality by providing a criminal record certificate issued by the country of origin
Failing this, it is possible to transmit an equivalent sworn statement. In any case, the document must be kept for the last five years. If you have changed courses, then you must request this document from each country.Finally, it is necessary to have sufficient financial resources.
To provide proof, you can provide, for example, a copy of your employment contract referred to by the Employment Service of the Principality. A second possibility is to prove that you benefit from a support by a third party. In this case, you will need to provide a letter justifying the taking over by a third party (parent, spouse, cohabiting partner, etc.). It will also be necessary to provide proof of this person's financial resources. The third possibility is to justify a large savings (the minimum amount is today 500.000€ in all banks of the Principality) by providing a reference letter. To obtain this letter, you will have to open a bank account in one of the 35 banks and subsidiaries of foreign banks located in the Principality, before considering moving to Monaco.A selection of our properties currently available for rent
The constitution of the administrative record to live in Monaco
In addition to the proofs above, other "classic" papers are to be attached to your application for settling in Monaco.If you are a national of the European Economic Area, you do not need to apply for a visa to move to Monaco. It will be sufficient to provide your passport or a valid identity card and a birth certificate. You will also need to enclose a marriage certificate, a deed of divorce or a legal separation, depending on your situation. Finally, if you have children under the age of 16, you must provide their passport or national identity card and proof of schooling (if they are attending school outside Monaco). If you are concerned, you will also have to send proof of custody of minor children or proof of adoption.
If you are a national of a country outside the European Economic Area, other papers are to be provided in addition. If you live in France for more than one year, you will need to request a transfer of residence from the French Embassy in Monaco. Otherwise, you will need to apply for a visa (type D) from the French consulate closest to your last home. This visa must be part of your file. Once you have collected all the necessary documents, you can download the resident card application form from the public service website. You will have to fill it out and attach all the supporting documents. You may need to use a sworn translation service as only French, English or Italian languages are accepted. The last step will be to make an appointment to the Residents Section to file your application. After study, your Monegasque resident's card should be available after six weeks maximum and you can withdraw it at the Residents' Section.
