{"id":188549,"date":"2023-08-13T18:08:55","date_gmt":"2023-08-13T16:08:55","guid":{"rendered":"https:\/\/www.monaco-tribune.com\/2023\/08\/everything-you-need-to-know-about-moving-to-monaco\/"},"modified":"2023-08-13T18:23:38","modified_gmt":"2023-08-13T16:23:38","slug":"everything-you-need-to-know-about-moving-to-monaco","status":"publish","type":"post","link":"https:\/\/www.monaco-tribune.com\/en\/2023\/08\/everything-you-need-to-know-about-moving-to-monaco\/","title":{"rendered":"Everything you need to know about moving to Monaco"},"content":{"rendered":"\n

An A to Z practical guide to a successful move.<\/strong><\/p>\n\n

It’s a place that people still dream about! Monaco, with its sunny weather, luxury boutiques and great security, continues to attract tourists, but also people who are looking for a new place to live.<\/p>\n\n

Monaco is an ideal place to settle down as a family<\/a>. But you still need to know where and how to go about it! Let us be your guide!<\/p>\n\n

1. What are the prerequisites for becoming a Monaco resident?<\/h2>\n\n

A certain number of conditions have to be met before you can set up home in the Principality. If you are a citizen of the European Economic Area (EEA), all you need is a valid identity card or passport<\/b>. No visa is required.<\/p>\n\n

However, if you are a citizen of a country outside the EEA (including the UK, therefore), you will need to apply for a long-term visa for Monaco<\/b>, which is issued by the French authorities (please note that this visa also applies to minors) You can contact the French Consulate<\/a> in your country of residence. Formalities are different depending on your nationality and country of origin.<\/p>\n\n

You will also need to be able to guarantee sufficient financial resources<\/b>, i.e. have an employment contract, be the manager or director of a company, be self-employed or have started up your own business, or be supported by a third party, or have sufficient savings. You will also need to provide proof of good character<\/b>, such as a clean criminal record or equivalent.<\/p>\n\n

Finally, once you have found accommodation, you will need to prove that you have a place to live in Monaco <\/b>of a suitable size for the needs of the household, to obtain official residency status. Once all these conditions have been met, you can apply for a residence permit<\/b> (see point 3).<\/p>\n\n

How to rent a flat in Monaco?<\/a><\/p>\n\n

2. Which neighbourhood to choose?<\/h2>\n\n

The Principality has a number of different districts, with varying average accommodation prices. While the average price per square metre in Monaco recently broke the symbolic 50,000 euro barrier<\/a>, it’s worth noting that the<\/b> location of the property<\/b> you’re after will inevitably have an influence on the sale price.<\/p>\n\n

For example, latest estimates indicated that Monte Carlo, Larvotto and Fontvieille are the most expensive areas, while Jardin Exotique and Les Moneghetti are theoretically less expensive. Of course, the surface area of your<\/b> home will also be a factor, as will any building works nearby<\/b>. To meet the growing demand for residential accommodation, Monaco is always building, and it is not uncommon to see new buildings being erected, sometimes resulting in a drop in the value of neighbouring homes, whose views are then blocked.<\/p>\n\n

Be that as it may, the Chambre Immobili\u00e8re de Monaco<\/a> website features a large number of certified member realtors, who will find the perfect property for you!<\/p>\n\n

Real estate: Record number of sales in Monaco in 2022<\/a><\/p>\n\n

3. How to obtain a residence permit?<\/h2>\n\n

A ‘carte de s\u00e9jour’ (residence permit) is compulsory for anyone over the age of 16 who wishes to reside in Monaco for more than three months a year. There are different types of permit depending on your situation:<\/p>\n\n