The principality of Monaco (aka. Monte Carlo) is the 2nd smallest country in the world in the french riviera. Monaco has no income tax, no wealth tax, no local tax, no capital gains tax and very minimal inheritance taxes. Monaco has no double taxation agreement with other countries, which gives living in Monaco high degree of confidentiality and freedom. Monaco is a tax haven for foreign companies and businesses. In 2014, the country had about 30% of the population made up of millionaires.
Minimum investment
€500,000 to €10 million
Investment name
Investment or entrepreneur activities
Qualifying investments
- €1 million capital transfer
- €1 million real estate purchase
- €500,000 in a business setup with atleast 5 jobs
Visa type
Business visa or Temporary residence permit
Processing time
1 month
Residency requirements
none
Permanent residence
After 5 years
Monaco citizenship
After 10 years
Dual nationality
restricted