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


Permanent residence

After 5 years

Monaco citizenship

After 10 years

Dual nationality