How to obtain a residence permit in Monaco | Monaco tax haven
In the last episode, we mentioned one of the ways to obtain residency in Monaco.
In principle, obtaining residency in Monaco is not as difficult as some people imagine.
This, as long as you have the necessary financial resources.
In principle, there are three ways of obtaining residency.
The first way is to open a business.
The second way is to be hired as an employee in a Monaco company.
As you can imagine, the salaries are very high.
But so is the cost of living.
The third way is to offer proof that you can take care of yourself.
Offer proof of housing, and the financial resources to support yourself.
And as mentioned in the previous episode, this also means depositing the certification issued by the bank.
In the latter case, however, you will not carry out a business or commercial activity in Monaco.
As for the timing, times are fast.
Often, one or two months.
As a rule, if you are a citizen of a state of the European Union, the timing is faster than if you are not a European citizen.
That's all for today.
Next time we will talk about companies and trusts in Monaco.
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