- Property Purchase
- Residency
- Monaco
Residency in Monaco through Investment
Monaco, an independent state located on the French Riviera, is well known for its reputation as a thriving business and financial center. Monaco is considered one of the most ideal places of residence for anyone wishing to reside in a safe European location with high-class leisure facilities, a pleasant climate, and a favorable tax system. No income or capital gains taxes, no double taxation agreements and high fiscal confidentiality make it an attractive country for high-net-worth individuals. The country offers excellent travel connections to the Schengen zone by road, sea, and air as well as a highly stable real estate market.
The Monaco residency by investment program allows investors from across the world to live in Monaco by making a minimum deposit of €500,000 in a Monaco bank and purchasing or renting a property in the country.
About Monaco
Monaco is a safe country located east of Nice, in the South of France. As a de-facto member of the Schengen area, Monaco is a popular vacation spot for Europeans and high-net-worth individuals who flock to the country for its sunny and warm climate year-round. Monaco offers security, social and economic stability, quality education and health systems, and, above all, no or low taxes. Monaco is characterized by a very high-income economy, a high quality of life, and a very high standard of living. The economy is service-based, with tourism and financial services being two of the key industries. Monaco is known among tourists for its luxury, casinos, Formula 1 Grand Prix, and beautiful locations.
Benefits of Monaco residence permit
Visa-free travel through Europe
Residents of Monaco are allowed to travel visa-free across the Schengen zone.
Residency of the whole family
Along with the investor, family members including the spouse and children can also receive and have the benefits of a Monaco residence permit.
Access to the EU healthcare and educational systems
Residents of Monaco can take advantage of high-quality and exclusive healthcare and educational services including universities, schools as well as hospitals, and clinics. It is crystal clear that these services are subject to charges.
Lower Tax rates in comparison to other EU countries
As a holder of Monaco residency, there is no income tax, no wealth tax, no local tax, no property tax, and no capital gains tax on individuals. Corporate tax and inheritance tax are minimal in comparison to other countries.
PROCESS AND TIMELINE
HOW IT WORKS, THE PROCESS..
1.
Along with the applicant’s condition, we ask for the required documents. All the documents need to be translated into the language which is needed. Regarding the applicant’s nationality, they also need to be apostilled or legalized.
2.
Before proceeding with the D-type visa application, applicants will be required to Deposit a sum of no less than EUR 500,000 in a Monaco bank and purchase or rent property in Monaco. Our team will be on hand to assist you with bank account opening and property searches.
3.
All the relevant documents will be collected under the supervision of our lawyers, and they need to be officially translated and notarized.
4.
We complete the required applications and book an appointment with the French Consulate or Embassy in the applicant’s home country.
5.
The applicant will attend the Consulate or the Embassy on the specified day and an interview may be conducted.
6.
If the application is approved, a D-type visa will be issued for the applicant and the dependents.
7.
We will plan a journey to Monaco to apply to the Monegasque authorities (Residents Section of the Directorate of Public Security) for a Carte de Séjour.
8.
All applications must be submitted within 8 days of arrival to the Principality. Our team will work with you to ensure that you are able to satisfy all documentary and legal requirements before applying and can assist you with property acquisitions as needed.
9.
Residence cards will be issued.
Turkey office
0090-552-6309000 (Whatsapp)
0090-552-7309000 (Whatsapp)
Turkey Address : Unit 1106, 11th floor, Nurol tower, Izzetpaşa Mah., Mecidiyeköy, Şişli, Istanbul, Turkey
Postal code : 34381
Greece office
+30-697-476-0777 (Whatsapp)
13 Possidonos Ave., Alimos 17455, Athens, Greece
Postal code : 17455
United Arab Emirates
00971-562-88-33-00
Level 3.The office 3. one central. Dubai World Trade Centre
Email⁚ coo@baltoji.com
White bird group is a team of professionals with more than 10 years of experience providing services in the area of residence and second citizenship planning, financial planning and tax consulting.
