Monaco
Residence Permit for Persons Without Professional Activity
Monaco's residence permit for persons without professional activity allows financially independent foreign nationals to live in the Principality without engaging in any local employment. The program targets retirees, pensioners, and individuals living on investment returns, rental income, or savings. Monaco has long attracted high-net-worth residents thanks to its absence of personal income tax, favourable climate, and security. There is no fixed minimum income requirement — instead, applicants must demonstrate sufficient financial resources through a bank reference from a Monaco-based bank.
- Valid passport or identity card (non-EEA nationals must first obtain a French long-stay visa type D)
- Bank reference from a Monaco bank (less than 1 month old) confirming sufficient funds
- Proof of accommodation in Monaco (ownership deed, rental contract of at least 12 months, or certificate of free accommodation from a relative)
- Criminal records extract from each country of residence during the past 5 years (less than 3 months old)
- Proof of health insurance covering the stay in Monaco
- No specific educational or professional qualifications required
- Minimum age of 16 (children under 16 receive a circulation document)
- Valid passport or identity card (with French long-stay visa type D for non-EEA nationals)
- Birth certificate (less than 3 months old)
- Criminal records extract from each country of residence in the past 5 years
- Proof of accommodation (ownership deed, rental contract, or certificate of free accommodation plus latest electricity bill)
- Bank reference from a Monaco bank confirming sufficient funds, and/or pension proof
- Declaration of honour form
- Marriage certificate if applicable
- Coloured passport photograph
The permit follows a three-stage progression:
- Temporary resident card: Valid for up to 1 year, renewable twice
- Ordinary resident card: Issued after 3 years of continuous residence, valid for 3 years
- Privileged resident card: Issued after 10 years of continuous residence, valid for 10 years
Renewal applications must be submitted during the month before the card expires. A late renewal surcharge of EUR 50 applies. The authorities verify actual presence through utility consumption records and financial activity.
Each family member aged 16 or over must apply for their own residence permit individually, subject to the same conditions. Children under 16 receive a circulation document rather than a residence permit. A spouse or close relative may serve as a financial guarantor by providing a signed letter of support and their own financial documentation. Accommodation must be of sufficient size for the household.
Monaco levies no personal income tax, no wealth tax, no capital gains tax, and no property tax on individuals. However, French nationals who established residence in Monaco after 13 October 1957 remain subject to French income tax under the 1963 Franco-Monegasque Tax Convention. Inheritance and gift taxes apply only to assets situated within Monaco. After approximately one year of residence, residents may obtain a tax residency certificate (EUR 600), which requires residing in Monaco for more than 183 days per year or demonstrating that Monaco is the centre of economic interests.
Holders may not engage in any professional or employment activity in Monaco. Separate work authorisation from the Direction du Travail is required for any local employment.
Processing time: Approximately 3 months
Fees: Initial temporary resident card EUR 80; renewal EUR 40; first ordinary card EUR 100; renewal EUR 50; first privileged card EUR 160; renewal EUR 80
Non-EEA nationals must first obtain a French long-stay visa (visa D) from a French consulate, as Monaco's immigration system is linked to France's. EEA nationals may apply directly without a visa.
Applications can be submitted online via the MonServicePublic portal or in person at the Residency Section, 9 rue Suffren-Reymond, Monaco. Online applicants submit digitised documents and are called for an interview with originals. Following approval, applicants receive a second appointment for registration and card issuance.
Links
- https://monservicepublic.gouv.mc/en/themes/nationality-and-residency/residency/new-entrants/how-to-apply-for-a-residence-permit
- https://monservicepublic.gouv.mc/en/themes/nationality-and-residency/residency/residents/the-residence-permit
- https://monservicepublic.gouv.mc/en/events-in-your-life/settling-in-monaco
Other Digital Nomad Visas in Europe
Country↑ | Program↕ | Income↕ | Investment↕ | Funds Required↕ | Capital Required↕ | Duration↕ | Dependants↕ | |
|---|---|---|---|---|---|---|---|---|
🇦🇱 Albania | Residence Permit for Pensioners | — | — | — | ||||
🇦🇱 Albania | Residence Permit for Real Estate Owners | — | — | — | ||||
🇦🇱 Albania | Unique Permit for Digital Mobile Workers | — | — | — | ||||
🇦🇱 Albania | Unique Permit for Investors | — | — | — | ||||
🇦🇩 Andorra | Digital Nomad Residence Permit | — | — | — | ||||
🇦🇩 Andorra | Entrepreneur Residence Permit | — | — | — | — | |||
🇦🇩 Andorra | Residence for Scientific, Cultural and Sporting Interest | — | — | — | ||||
🇦🇩 Andorra | Residence Without Lucrative Activity | — | — | — | ||||
🇦🇹 Austria | Job Seeker Visa (Red-White-Red Card) | — | — | — | ||||
🇦🇹 Austria | Red-White-Red Card for Start-up Founders | — | — | — | ||||
🇦🇹 Austria | Settlement Permit — Artist | — | — | — | ||||
🇦🇹 Austria | Settlement Permit Excluding Gainful Employment | — | — | — | ||||
🇧🇾 Belarus | Hi-Tech Park Resident | — | — | — | ||||
🇧🇾 Belarus | Investor Permanent Residence Permit | — | — | — | ||||
🇧🇪 Belgium | Professional Card for Entrepreneur | — | — | — | ||||
🇧🇪 Belgium | Rentier Residence Permit | — | — | — | ||||
🇧🇬 Bulgaria | Continuous Residence Permit for Pensioners | — | — | — | ||||
🇧🇬 Bulgaria | Digital Nomad Residence Permit | — | — | — | ||||
🇧🇬 Bulgaria | Investor Residence Permit | — | — | — | ||||
🇧🇬 Bulgaria | Startup Visa | — | — | — | ||||
🇭🇷 Croatia | Temporary Stay for Other Purposes (Property Ownership) | — | — | — | ||||
🇭🇷 Croatia | Temporary Stay of Digital Nomads | — | — | — | ||||
🇨🇾 Cyprus | Category D Immigration Permit | — | — | — | — | |||
🇨🇾 Cyprus | Category F Immigration Permit | — | — | — | ||||
🇨🇾 Cyprus | Digital Nomad Visa | — | — | — | ||||
🇨🇾 Cyprus | Permanent Residence Permit for Investors | — | — | — | ||||
🇨🇾 Cyprus | Startup Visa | — | — | — | ||||
🇨🇿 Czech Republic | Digital Nomad Program | — | — | — | ||||
🇨🇿 Czech Republic | Long-Term Residence Permit for the Purpose of Investment | — | — | — | ||||
🇪🇪 Estonia | Digital Nomad Visa | — | — | — | ||||
🇪🇪 Estonia | Residence Permit for Major Investor | — | — | — | ||||
🇪🇪 Estonia | Startup Visa | — | — | — | — | |||
🇫🇮 Finland | Residence Permit for Work in Culture or Arts | — | — | — | ||||
🇫🇮 Finland | Startup Residence Permit | — | — | — | — | |||
🇫🇷 France | Carte de Sejour Temporaire Visiteur | — | — | — | ||||
🇫🇷 France | Talent Porteur de Projet — Business Creation | — | — | — | ||||
🇫🇷 France | Talent Porteur de Projet — Direct Economic Investment | — | — | — | ||||
🇫🇷 France | Talent Porteur de Projet — Innovative Economic Project (French Tech Visa) | — | — | — | ||||
🇫🇷 France | Talent — Artistic and Cultural Profession | — | — | — | ||||
🇫🇷 France | Talent — International Reputation | — | — | — | — | |||
🇩🇪 Germany | Opportunity Card (Chancenkarte) | — | — | — | ||||
🇩🇪 Germany | Freelance Residence Permit | — | — | — | ||||
🇩🇪 Germany | Residence Permit for Financially Independent Persons | — | — | — | ||||
🇩🇪 Germany | Self-Employment Residence Permit for Business Founders | — | — | — | ||||
🇩🇪 Germany | Settlement Permit for Highly Qualified Professionals | — | — | — | — | |||
🇬🇷 Greece | Digital Nomad Visa | — | — | — | ||||
🇬🇷 Greece | Golden Visa (Permanent Residence Permit for Investor) | — | — | — | ||||
🇬🇷 Greece | Residence Permit for Financially Independent Persons | — | — | — | ||||
🇬🇷 Greece | Talent Visa | — | — | — | — | |||
🇬🇬 Guernsey | Guernsey Entrepreneur Visa | — | — | — | ||||
🇬🇬 Guernsey | Guernsey Investor Visa | — | — | — | ||||
🇭🇺 Hungary | Guest Investor Residence Permit | — | — | — | ||||
🇭🇺 Hungary | Guest Self-Employment Residence Permit | — | — | — | ||||
🇭🇺 Hungary | White Card | — | — | — | ||||
🇮🇸 Iceland | Long-Term Visa for Remote Work | — | — | — | ||||
🇮🇪 Ireland | Stamp 0 (Person of Independent Means) | — | — | — | ||||
🇮🇪 Ireland | Start-Up Entrepreneur Programme (STEP) | — | — | — | ||||
🇮🇲 Isle of Man | Innovator Visa | — | — | — | ||||
🇮🇲 Isle of Man | Start-Up Visa | — | — | — | ||||
🇮🇹 Italy | Digital Nomad Visa | — | — | — | ||||
🇮🇹 Italy | Elective Residence Visa | — | — | — | ||||
🇮🇹 Italy | Investor Visa for Italy | — | — | — | ||||
🇮🇹 Italy | Italia Startup Visa | — | — | — | ||||
🇯🇪 Jersey | High Value Residency Programme | — | — | — | ||||
🇽🇰 Kosovo | Self-Employment Work Permit | — | — | — | ||||
🇱🇻 Latvia | Investor Residence Permit | — | — | — | ||||
🇱🇻 Latvia | Long-Stay Visa for Remote Work | — | — | — | ||||
🇱🇻 Latvia | Startup Visa | — | — | — | ||||
🇱🇻 Latvia | Temporary Residence Permit for Pensioners | — | — | — | ||||
🇱🇮 Liechtenstein | Residence Permit Without Gainful Employment | — | — | — | ||||
🇱🇹 Lithuania | Startup Visa | — | — | — | ||||
🇱🇺 Luxembourg | Investor Residence Permit | — | — | — | ||||
🇱🇺 Luxembourg | Job Seeker Authorisation | — | — | — | ||||
🇱🇺 Luxembourg | Residence Permit for Private Reasons | — | — | — | ||||
🇱🇺 Luxembourg | Self-Employed Worker Residence Permit | — | — | — | ||||
🇲🇹 Malta | Global Residence Programme | — | — | — | ||||
🇲🇹 Malta | Malta Permanent Residence Programme | — | — | — | ||||
🇲🇹 Malta | Malta Retirement Programme | — | — | — | ||||
🇲🇹 Malta | Nomad Residence Permit | — | — | — | ||||
🇲🇹 Malta | Startup Residence Programme | — | — | — | ||||
🇲🇹 Malta | The Residence Programme | — | — | — | ||||
🇲🇹 Malta | United Nations Pensions Programme | — | — | — | ||||
🇲🇩 Moldova | Digital Nomad Visa | — | — | — | ||||
🇲🇩 Moldova | Investment Residence Permit | — | — | — | ||||
🇲🇨 Monaco | Residence Permit for Persons Without Professional Activity | — | — | — | ||||
🇲🇪 Montenegro | Digital Nomad Residence Permit | — | — | — | ||||
🇲🇪 Montenegro | Temporary Residence and Work Permit for Entrepreneurs | — | — | — | ||||
🇲🇪 Montenegro | Temporary Residence Permit for Property Owners | — | — | — | ||||
🇳🇱 Netherlands | Orientation Year Residence Permit | — | — | — | — | |||
🇳🇱 Netherlands | Startup Residence Permit | — | — | — | ||||
🇲🇰 North Macedonia | Personal Work Permit for Self-Employment | — | — | — | ||||
🇳🇴 Norway | Self-Employment Residence Permit | — | — | — | ||||
🇵🇹 Portugal | D7 Passive Income Visa | — | — | — | ||||
🇵🇹 Portugal | D8 Digital Nomad Visa | — | — | — | ||||
🇵🇹 Portugal | Golden Visa | — | — | — | ||||
🇵🇹 Portugal | Job Seeker Visa | — | — | — | ||||
🇵🇹 Portugal | Residence Permit for Highly Qualified Activity | — | — | — | ||||
🇵🇹 Portugal | StartUP Visa | — | — | — | ||||
🇷🇴 Romania | Digital Nomad Visa | — | — | — | ||||
🇷🇴 Romania | Long-Stay Visa for Commercial Activities | — | — | — | ||||
🇷🇺 Russia | Impatriation Residence Permit | — | — | — | — | |||
🇷🇺 Russia | Investor Residence Permit | — | — | — | ||||
🇸🇲 San Marino | Atypical Residence for Pensioners | — | — | — | ||||
🇸🇲 San Marino | Elective Residence | — | — | — | ||||
🇸🇲 San Marino | High-Tech Startup Residence | — | — | — | ||||
🇷🇸 Serbia | Investor Temporary Residence Permit | — | — | — | ||||
🇷🇸 Serbia | Property Ownership Temporary Residence Permit | — | — | — | ||||
🇷🇸 Serbia | Startup Temporary Residence Permit | — | — | — | — | |||
🇷🇸 Serbia | Talent Temporary Residence Permit | — | — | — | — | |||
🇸🇰 Slovakia | Temporary Residence for Business Purpose | — | — | — | ||||
🇸🇮 Slovenia | Temporary Residence Permit for Digital Nomads | — | — | — | ||||
🇸🇮 Slovenia | Temporary Residence Permit for Other Justified Reasons | — | — | — | ||||
🇪🇸 Spain | Entrepreneur Visa | — | — | — | ||||
🇪🇸 Spain | International Telework Visa | — | — | — | ||||
🇪🇸 Spain | Non-Lucrative Residence Visa | — | — | — | ||||
🇸🇪 Sweden | Residence Permit for Job Seeking | — | — | — | ||||
🇸🇪 Sweden | Residence Permit for Highly Qualified Persons | — | — | — | — | |||
🇸🇪 Sweden | Self-Employment Residence Permit | — | — | — | ||||
🇨🇭 Switzerland | Residence Permit Without Gainful Employment | — | — | — | ||||
🇺🇦 Ukraine | Immigration Permit for Highly Qualified IT Specialists | — | — | — | — | |||
🇺🇦 Ukraine | Immigration Permit for Investors | — | — | — | ||||
🇺🇦 Ukraine | Temporary Residence Permit for Investors | — | — | — | ||||
🇬🇧 United Kingdom | Global Talent Visa | — | — | — | — | |||
🇬🇧 United Kingdom | High Potential Individual Visa | — | — | — | — | |||
🇬🇧 United Kingdom | Innovator Founder Visa | — | — | — |