Have you always wondered how to become a resident of Monaco? Do you want to know the steps to obtain a residence permit in Monaco? Here are the few details to know.
How to become a resident in Monaco?
Firstly, any foreign person over the age of 16 who wishes to live in Monaco for at least 3 months a year must apply for a resident card from the public security at the residents' section which is located in front of the central police station in la Condamine.
For European and European Economic Area (EEA) nationals :
All you need is a valid identity document (National Identity Card or passport). For this application, you will not need a visa at any time.
For non-European nationals and countries outside the EEA :
Before taking any steps in the Principality of Monaco, it will be necessary to contact the French administration to issue "a visa for establishment in Monaco".
We invite you to contact and obtain all the necessary information at the French consulate in your country of residence. The formalities to be carried out will be different depending on your nationality and your country of residence.
However, and in all cases, you will need :
- Have sufficient savings, or provide a work permit that will prove your sources of income.
- Be of good character, and provide during your meeting in the premises of the public security, an extract of criminal record or equivalent.
- Prove that the accommodation you have in Monaco is of sufficient size for the needs of your household.
IMPORTANT TO KNOW
In order to facilitate your administrative procedures, it will be important for you to open a bank account in Monaco. Do not take this step lightly and take the time to choose your bank. Whether private or public, the services they offer and the selection criteria are very different.
Once the purchase or rental of your accommodation has been finalized, you will need to contact the various telephone companies (Monaco Telecom), water (smeaux) and electricity (smeg), which are specific to Monaco to access services that they offer.
If you are in possession of one or more vehicles, as well as a driving license, you will have the possibility in the first year of your acquisition to exchange your original license for a Monegasque driving license. To do this, you have to go to the traffic securities services in Monaco.
Becoming a Monegasque resident requires a lot of administrative procedures, but once these have been completed, you will have the chance to benefit from the joys of living in the Principality of Monaco. We remain at your disposal if you have any specific questions.
Berry & Quinti
Real estate agency in Monaco
French Riviera