The Residency & Tax Compass
Jurisdictions are the
greatest asset class.
Educational briefs on the world's major residency and tax jurisdictions. Each is a dated, sourced summary of the programme facts — visa and residency routes, thresholds, timelines. No personal tax advice. Every brief ends with the same reminder: verify with licensed counsel.
Monaco
Reviewed 2026-09-01Monaco imposes no personal income tax (with the exception of French nationals), no capital gains tax, and no wealth tax on resident individuals. Residency is established through a residence permit, which requires demonstrated financial self-sufficiency, a place of residence in the Principality, and a clean criminal record. The residency framework is administered by the Monaco government and is subject to periodic review.
Residency Route
Carte de séjour (residence permit). Initial permit valid 12 months, renewed first at 3 years, then at 10-year intervals. Applicants must demonstrate sufficient financial resources, a residence in Monaco, and good character.
Threshold
No statutory minimum deposit. In practice, applicants must demonstrate sufficient means to support themselves and maintain a residence. A bank reference from a Monaco bank is typically required, with an initial deposit that varies by institution.
Timeline
Application to initial permit issuance typically 6–12 weeks, subject to background verification and document processing.
Key Facts
- No personal income tax for non-French nationals residing in Monaco
- No capital gains tax, no wealth tax on residents
- French nationals remain subject to French income tax under the Franco-Monegasque treaty
- Residency requires maintaining a residence in Monaco and spending meaningful time in the Principality
- EU/Schengen nationals face a streamlined process; non-EU nationals may require a long-stay visa first
All Jurisdictions
Educational SummaryVerify with licensed counsel before acting. Tax and residency rules change. This is education, not advice.