IMMIGRATION TO MONACO

Inimex Inc. is a premium immigration service group focused on providing industry-leading services for individuals requiring permanent residency in France and Monaco. We have a long history of satisfied customers going back to 1997 thanks to our effective use of advanced technology and services personalized for you.

We pride ourselves in matching our high standards of service with that of confidentiality. Our industry-leading standards ensure that your documents and files are handled with the utmost care and respect for privacy. We take this matter very seriously and will always strive to maintain the highest standards that have made us the premium immigration service group.

Along with our Monegasque partners we rely mainly on the immigration laws of the Principality of Monaco (Conditions d’entrée et de séjour des étrangers dans la Principauté) and are currently handling two (2) successful immigration programs:

  1. A Residence Permit in Monaco for financially independent applicants and pensioners;
  2. A Business Immigration Option for Entrepreneurs.

Foreigners (except for citizens of France), who express a desire to live in Monaco and obtain a residence permit must receive an immigration visa, which entitles them to a Monaco residence card (carte de séjour).

MONACO: IMMIGRATION FOR WEALTHY PEOPLE

If you intend to reside in Monaco, you have to apply to a French consulate in order to obtain a visa. Personal appearance is mandatory. To obtain a residence permit in Monaco through this program, you will need:

  1. A documented financial income to reside in Monaco.
  2. A lease or document of purchase Monegasque real estate.
  3. A signed document stating that you undertake not to perform professional activities in the Principality of Monaco.

Basic list of required documents:

  1. Application forms and photos,
  2. Valid passport,
  3. Sworn statement duly endorsed of non-bankruptcy and of non-conviction in the last 10 years in all countries where the applicant has lived,
  4. Business registration documents, work letter,
  5. Bank certificate and statement from a country of your citizenship,
  6. Certificate from your bank |(Monaco) manager attesting that you possess sufficient financial means to live without working in Monaco,
  7. Property ownership documents or lease of renting,
  8. Police certificate, Medical insurance, 
  9. Children’s birth certificate,
  10. Parental authorization if one of parent is not travelling,
  11. A letter attesting enrollment in a school in Monaco.   

Processing times of residence permit in Monaco takes three to five (3-5) weeks on average.

MONACO: IMMIGRATION FOR BUSINESSPERSON

We also assist clients in the registration of companies or in the acquisition of an existing business in Monaco. To obtain a residence permit in Monaco with the right to work, you must register your company and acquire registered documentation attesting to the fact. In Monaco there are several different forms of commercial companies. 

However, we almost exclusively deal with SARLs or SAMs. Although these are the most common and usually the most advantageous types of companies, we have significant experience with others as well.

MONACO: IMMIGRATION FOR PENSIONERS

Retired individuals who would like to relocate in Monaco and not to perform any professional acitivies, may be aligible to apply for a Monaco visa if he meets the following criterias: 

  1. A proof of pension and have sufficient financial income to reside in Monaco,
  2. A property ownership deed or a lease contract in Monaco.

MONACO: RENEWAL

  1. Basic residence permit is valid for a period of one (1) year, then must be renewed,
  2. Monaco resident card – most commonly referred to as Ordinaire – is valid for three (3) years and is issued to a foreigner that has lived in Monaco for at least three (3) years,
  3. Permanent residence card – most commonly referred to as Privilégié – is valid for ten (10) years and is issued to a foreigner that has lived in Monaco for minimum of ten (10) years. It should be noted that after this time, it is possible to apply for Monegasque citizenship.

MONACO: CITIZENSHIP

Any person who has been resident in Monaco for at least ten (10) years after reaching the age of 19 years old, may apply to the Sovereign Prince for naturalization as a citizen of Monaco. Naturalization is at the discretion of the Sovereign Prince. If the applicant satisfies the following two conditions, the naturalization process can be signed and published:

  1. Has been exempt from military service obligations in the country of origin,
  2. Has renounced on its previous nationality.

Any person born in Monaco or abroad of a Monegasque father or/and mother is considered to hold full Monegasque nationality. A foreigner can acquire Monegasque citizenship after by declaration ten (10) years after date of the marriage if:

  1. At the time of the application, they continue reside together,
  2. The Monegasque spouse retains his/her Monegasque nationality.

MONACO: BUSINESS

SARL SAM SNC SCS Sole trader
Company name Company name:
 1. Preceded or followed by the initials “SARL”
 2. May include the name(s) of one or more shareholders
Company name:
1.  Preceded or followed by the words “société anonyme monégasque” or the initials “SAM” and a statement of the share capital
 2. May include the name(s) of one or more shareholders
Company name:
Shareholders’ names only
Company name:
Name(s) of one or more active shareholders
Trading name only
Shareholder(s) At least 2, no maximum,
natural or legal person.
Managing Director must be a natural person, may or may not be a shareholder.
Neither shareholders or directors are considered as traders.
At least 2 shareholders, no maximum.
No person may be a Member of the Board of more than 8 commercial firms having their registered office in Monaco.
At least 2 shareholders, no maximum.
Natural or legal persons,
all considered as traders.
2 types: active partners, considered as traders, and limited partners.
At least 2, 1 active partner and one limited partner, no maximum.
Natural or legal persons.
Natural person.
Activity(ies) Commercial Commercial or non-trading Commercial Commercial or non-trading Commercial or non-trading
Contributions Contributions in cash and in kind, contributions in skills or services not permitted.
Contributions in kind must be fully paid up when the company is formed.
Cash contributions must be paid up when the company is formed and at least equal to the minimum capital.
The share capital must be fully paid up within 3 years.
All shareholders must make a contribution.
Only the contributions in cash and in kind are taken into account in the share capital.
Contributions in skills and services.
All shareholders must make a contribution.
Only the contributions in cash and in kind are taken into account in the share capital.
Contributions in skills and services.
All shareholders must make a contribution.
Only the contributions in cash and in kind are taken into account in the share capital.
Contributions in skills and services (only for active partners).
N/A
Share capital At least 15,000 EUR.
Contributions in cash are paid into an account opened for this purpose with a credit institution established in the Principality, proof of which must be given when applying to be listed on the Trade and Industry Registry.
At least 150,000EUR, fully paid up.
Subscription and payment of capital is recorded in a notarized deed.
No minimum capital. No minimum capital. N/A
Liability Shareholders only bear losses up to the amount of their contributions. Directors are only liable for the performance of the mandate that they have received. They do not contract, as a result of their management, to any personal or joint and several obligation in respect of the company’s undertakings.
Shareholders’ liability is limited to the amount of their contributions.
All shareholders are indefinitely jointly and severally liable for company debts in respect of all their assets. Active partners are indefinitely jointly and severally liable for company debts. 
Limited partners are liable up to the amount of their contributions.
Held liable in respect of all their assets.
Company formed by Privately-signed or official deed.
A transcript of the Memorandum and Articles of Association is published in the Journal de Monaco.
Official deed drawn up by a Monegasque notary.
The Memorandum and Articles of Association are published in the Journal de Monaco.
The Memorandum and Articles of Association approved by Ministerial Order are returned to the offices of the drafting notary. The authorization granted only produces its effects once the Memorandum and Articles of Association have been deposited in the official records of the drafting notary.
Privately-signed or official deed.
A transcript of the Memorandum and Articles of Association is published in the Journal de Monaco.
Privately-signed or official deed.
A transcript of the Memorandum and Articles of Association is published in the Journal de Monaco.
N/A
Set-up costs Registration tax and publication fees. Registration tax, publication fees and notary’s fees. Registration tax and publication fees. Registration tax and publication fees N/A
Misc.   In practice, the SAM is managed by a Board, but there are no rules as to its functioning. The Memorandum and Articles of Association may appoint one or more shareholders authorized to sign under the company name. In this case, the latter’s signatures alone bind the company. The limited partner may not carry out any act of management, even by virtue of a power of attorney. If he/she does so, they may be subject to the same liability as the active partner. Sales representatives and artisans applying for an authorisation to work as a sole trader.

MONACO: BUSINESS AND TAXATION

The lack of income tax dates back to an Ordinance by Prince Charles III in 1869. Taxation in Monaco is one of the benefits available to investors and wealthy individuals all over the world. In Monaco there is no wealth tax, annual property tax and council tax. 

Monegasque nationals and foreign residents in the Principality (except French citizens) are not liable for income tax.  

Tax on inheritance and gifts applies to assets that are located in the Principality of Monaco, regardless of the domicile, residence or nationality of the deceased person or donor.

The rate of taxation is 33.33 %, while capital gains from asset sales as part of business activities may, under certain conditions, be exempt if they are re-invested in the firm.

Firms created in the Principality and falling within the scope of corporate income tax that carry on a genuinely new business are exempt from tax for a period of two years and subsequently benefit from a favorable regime for the three following years, namely:

  1. First & second year: no corporate income tax,
  2. Third year: the tax is calculated on 25 % of profit,
  3. Fourth year: the tax is calculated on 50 % of profit,
  4. Fifth year: the tax is calculated on 75 % of profit,
  5. Sixth year: the tax is calculated on 100 % of profit.

    OUR SERVICES IN MONACO

  6. Residence permit in Monaco for wealthy individuals;
  7. Residence permit in Monaco for entrepreneurs;
  8. Set up a company, business and financial plans;
  9. Assistance in: opening a bank account in Monaco, medical insurance coverage, school registration for children, exchange of driver’s license, etc.;
  10. Legal service in corporate, bankingimmigration and administration law;
  11. Renting/buying a property in Monaco;
  12. Renewal of residence permits in Monaco;
  13. Application for permanent residency in Monaco;
  14. Application for Citizenship of Monaco.

Information from: Service Public, Gouvernement Princier. Principauté de Monaco

Start your immigration procedure with us.

If you request more information, do not hesitate to contact us.

Inimex Inc. (International Immigration Experts)

MONACO

74 Blvd d’Italie, 98000 Monaco
Tel/WhatsApp/Viber: + (377) 607 933 859 (Monaco), + (377) 607 933 678 (Monaco)
E-mail: linimex.inc@gmail.com