Passport and Citizenship in Monaco
Citizenship by Investment | Get Second Passport in Monaco
Monaco is a small independent city-state on the Mediterranean coast of France, known for its luxurious casinos, the bay lined with yachts and the prestigious racing race of the Grand Prix, which runs through the streets of Monaco once a year.
Monte Carlo, its main district, houses an elegant casino complex of the belle époque and the decorated opera house Salle Garnier.
It also has several luxury hotels, fashion shops, nightclubs and restaurants.
The Principality has succeeded in diversifying its services and in creating small, high-value-added, non-polluting industries.
Its currency is the Euro and the GDP per capita is 162,009.88 USD (2011), with a GDP growth rate of -2.6% annual change (2009
Main Benefits of Obtaining Citizenship in Monaco through the Citizenship-by-Investment Program
- Monaco is not part of the European Union so the country is empowered to make its own laws, regulations, and directives concerning taxes and other banking and financial matters.
- Monaco does not impose any income tax, wealth tax, local tax, or capital gains tax on its citizens.
- Monaco corporate income tax and inheritance tax that is very small in comparison to other countries.
- The country is party to only one tax treaty and that treaty is with France.
- Tax efficient fiscal regime
- Zero income taxes
- Zero capital gains taxes
- Zero wealth tax
- Zero inheritance taxes for direct heirs
- A very secure environment
- Good local and international schools in Monaco
Excellent health care
Main Requirements
Hold no criminal record.
Applicant must have high net worth
Pass the interview with an immigration official.
Applicants and the family have to spent at least 6 months of every year physically residing in Monaco.
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