Relocation intelligence

🇲🇨 Moving to Monaco: tax, residency and cost of living

Zero percent personal income tax

Thinking of moving to Monaco? Here is the tax, residency, property and quality-of-life picture in plain numbers, with sources.

Key facts

Top income tax
0%
Corporate tax
25%
Capital gains
0%
Wealth tax
No
Inheritance tax
Yes
Cost of living index
286
Safety
10/10
Internet quality
8/10
Visa-free destinations
143
Foreigners can own property
Yes
Residency in
0 months
Citizenship in
0 years

Taxes

Monaco levies no personal income tax on residents except French nationals, who remain subject to French income tax under the 1963 Franco-Monegasque Convention. There is no capital gains tax and no wealth tax for individuals.

Residency and visas

A Monaco residence permit requires proof of accommodation and sufficient financial means. Rental waiting lists are long and costs are extremely high. Naturalisation is possible after 10 years of lawful residence but remains discretionary.

Property ownership

Foreigners may purchase real estate in Monaco without legal ownership restrictions. The property market is among the most expensive in the world, exceeding EUR 50,000 per sqm. Transfer taxes amount to approximately 4.5% on purchase.

Cost of living and quality of life

Monaco offers an exceptionally high safety level, premium healthcare, and a Mediterranean climate. Life expectancy is among the highest globally. English is widely spoken in the expat and business community.

Passport and mobility

The Monegasque passport provides visa-free access to approximately 143 countries per the Henley Passport Index. Monaco is not an EU or Schengen member state but maintains an open border with France.

Residency and visas

  • Carte de Sejour — Resident Ordinaire · Residency in 1 years
  • Carte de Sejour — Resident Privilegié (bank deposit route) · €500,000 · Residency in 1 years

Why people move to Monaco

  • Zero income tax

    Non-French residents pay zero personal income tax on worldwide income including dividends and capital gains, making it one of the most tax-efficient residencies globally.

  • Exceptional safety and quality of life

    Monaco has one of the world's lowest crime rates, an excellent healthcare system, and a life expectancy of approximately 86 years according to World Bank data.

  • No inheritance tax for direct family

    Inheritances to children and spouses are fully exempt from succession duties, making Monaco highly attractive for intergenerational wealth transfer.

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Sources

Other destinations

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