L HERMITAGE MONACO
一、MONACO RESIDENCY Application Requirements / Eligibility
To meet the residency program requirements an applicant must be at least 16 years of age and have a clean criminal record. The main applicant may also add dependents to a residency or citizenship application, including his/her spouse or partner in a long and durable relationship, children, and parents under certain conditions.
After ten years in permanent residency status the applicant may file for citizenship.
All applicants for Monaco residency must show proof of accommodation. The accommodation must be appropriate for the size of the applicant's family. Proof of accommodation can take the following forms:
二、PROOF OF ACCOMODATION
Option #1: Real Estate Purchase. The applicant invests in property in Monaco. There is no minimum transaction value, but be advised that Monaco real estate is some of the most expensive per square meter in all of Europe due to the city-states small size. The proof of real estate ownership, to be submitted at the time of filing the residency/citizenship application, includes a copy of the deed/purchase contract.
Option #2: Real Estate Rental. The applicant leases an apartment for a minimum duration of one year. The size of the apartment must be sufficient for the size of the applicant's family. For example, an applicant with a family of four persons should rent an apartment with at least 2 bedrooms to meet the proof of accommodation test. There is no minimum monthly rental cost that must be met. The proof of an apartment rental, to be submitted at the time of filing the residency/citizenship application, includes a copy of the rental contract.
Option #3: Corporate Real Estate Ownership. The applicant is a director or unit holder of a company which owns a house or apartment in Monaco. The proof of corporate real estate ownership, to be submitted at the time of filing the residency/citizenship application, includes a copy of the deed/purchase contract.
Option #4: Living with a Close Relative. The applicant is staying with a close relative, a spouse, or a partner with whom the applicant is living as a couple. The proof to be submitted at the time of filing the residency/citizenship application, includes a document signed by the owner of the property and a copy of the home owner's deed/purchase contract or rental contract.
In addition to providing proof of accommodation, every applicant must demonstrate financial self-sufficiency. The intent here is to show the Monaco government that applicants can support themselves and their families while living in Monaco.
Proof of Financial Self-Sufficiency / Option #1: Bank Account Deposit. The applicant opens a bank account in his/her name at one of Monaco's many banks and deposits at least EUR 500,000. The actual amount depends on the bank selected; some banks have higher minimum requirements. Monaco imposes no restrictions on foreigners opening bank accounts or owning real estate in the principality. The proof of deposit, to be submitted at the time of filing the residency/citizenship application, is an official letter issued by the Monaco bank.
Proof of Financial Self-Sufficiency / Option #2: Employment Contract. The applicant demonstrates paid employment with a Monaco company. The proof of deposit, to be submitted at the time of filing the residency/citizenship application, is a copy of the employment contract and a letter issued by the Monaco government authorizing the company to offer employment to the applicant.
Proof of Financial Self-Sufficiency / Option #3: Company Formation. The applicant forms a new company in Monaco, providing at least ten new jobs to Monaco citizens or residents. Authorization to form a new company is to be obtained from the government. The proof of a new company to be formed, to be submitted at the time of filing the residency/citizenship application, is a copy of the government's authorization letter.
Proof of Financial Self-Sufficiency / Option #4: Support from a Close Relative. The applicant is financially supported by a close relative, a spouse, or a partner with whom the applicant is living as a couple.
四、APPLICTION PROCESSING TIME
The timeframe for application processing is approximately two months to five months, or longer if company formation procedure is chosen, subject to having completed all documentation and finalized the proof of accommodation and proof of financial self-sufficiency.
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