Minimum to live in Monaco amount

A minimum amount to settle in Monaco


Why it takes 500,000 euros to live in Monaco

Monaco, a Principality located on the French Riviera, has long been appreciated by wealthy individuals around the world. Its pleasant climate, its sumptuous living environment and its attractive tax regime make it a place of choice to live. However, since 2017, a rule has been introduced that requires newcomers to make a minimum deposit of 500,000 euros in a Monegasque bank to obtain a bank certificate, necessary to obtain a resident card, if they do not work and do not generate money. This rule has recently sparked debate within the Monegasque banking community, with some believing that this threshold should be considerably raised.

Concerning future residents with a professional activity, they will be able to present an employment contract, documents attesting to the possession or management of a company, the assumption of responsibility by a third party.

In this article, we will examine the reasons behind this rule and the arguments for and against its increase.


Why is a Minimum Sum Required?

Before explaining why the threshold of 500,000 euros was introduced, it is important to understand the motivations that led the Monegasque authorities to implement this rule. The Principality of Monaco has a very high cost of living, especially with regard to rents in the free sector. The authorities therefore considered it necessary to require arrivals without regular income to justify that they have sufficient financial means to live in Monaco without working.


The price per square meter in Monaco

Another factor to consider is the high cost per square meter in Monaco. Real estate is extremely expensive, and every square meter must be profitable. The authorities want to ensure that wealthy individuals who wish to settle in Monaco deposit part of their assets in a Monegasque bank. This ensures, in a way, that those who benefit from Monaco's security, health system, living environment and sunny climate also contribute to the country's economic development. In itself, that they contribute to the country's economy by consuming and spending. Places are limited and the Principality cannot accommodate everyone due to its limited area.


The threshold of 500,000 Euros: a compromise

Before the introduction of this threshold, each bank could set its own amount for the bank certificate, which created a great disparity. Some institutions required deposits as low as €100,000, while others required one or even two million. This diversity of practices could be confusing for clients and could attract unwanted residents. This is why the Monegasque Association of Financial Activities (AMAF) has set a common amount of 500,000 euros, which has been accepted by all relevant actors.


The Threshold Raising Debate

However, recently, Monegasque bankers questioned this threshold of 500,000 euros. They believe that it is too low compared to the considerable fortunes who wish to settle in Monaco. Some suggest significantly increasing this amount, or even making it a percentage of the newcomer's overall fortune. This proposal aims to ensure that those who settle in Monaco invest a significant part of their wealth there.

Currently, there is no consensus within the Monegasque financial centre on increasing this threshold. Some are in favour of the status quo, while others want an increase. No one seems to be looking at reducing or removing this requirement. For now, there is no imminent change to be expected, but the debate continues. One thing is certain: this rule will remain at the centre of discussions in Monaco, as it affects both financial issues and the Principality's international reputation. If you are thinking of becoming a resident in Monaco, our agency is at your disposal to put you in touch with bank advisors and assist you in the search for accommodation, whether you want to buy or rent.

These properties might interest you


7 500 € + Charges : 1 050 €

Seize the opportunity to reside in a space where luxury and comfort meet, with privileged access to Monaco's best amenities.

petrini exclusive monaco memmo12

60 000 € + Charges : 9 100 €

Located in Monaco's prestigious Fontvieille district, this magnificent rental property offers stunning views of the sea, the harbour and Cap d'Ail. The property has a living area of 366 m², with five large bedrooms. It has large terraces of 210 m², for a total area of 702 m². This rare property combines elegance, comfort and exceptional views in a highly sought-after setting. Four car parks and a cellar complete the offer.

image1 1 1577091866

12 500 €

The apartment includes living room, equipped kitchen. In addition to its exceptional location close to the beaches of Larvotto, the property benefits from the services of the Sporting residence: Concierge and valet parking service available 24/7, Room service, Housekeeping (cleaning, laundry) and enjoy two access pool and fitness room of the Monte Carlo Bay Hotel & Resort. Escape, under the sign of authentic luxury.

Sole agent
chateau amiral petrini exclusive 2p avec parking1

3 250 € + Charges : 200 €

Experience the advantages of a bright apartment in the heart of Larousse St-Roman, located on the 12th floor of the Château Amiral building. This two-room apartment offers an urban living environment with a view of the city, combining functionality, comfort and quality services. Enjoy an optimized space with parking and concierge service, in a privileged location in Monaco.

bannie re blog

2 400 € + Charges : 100 €

This elegant and bright studio, nestled in the heart of the sought-after residential area of Jardin Excotique. Offering a refined living space with a balcony. This studio promises comfort and practicality. Available from 1 April 2024, seize the chance to live in a serene and elegant setting, just a few steps from the charms and amenities of the Principality

Sole agent
petrini exclusive real estate villa louise8

Price on request

3-room apartment in a small bourgeois condominium with elevator, nestled in the Fleurs district, close to the center and all amenities. With a total surface area of 85m², this apartment comprises an entrance hall, a living room, two bedrooms, a dressing room, a fitted kitchen and a full shower room. It also has a 12m² terrace with unobstructed views. The purchase includes a cellar.

rosa maris 2p petrini exclusive real estate5

Price on request

Treat yourself to luxury and serenity in Fontvieille: renovated 2-room apartment with exclusive services, rose garden view with terrace, close to restaurants. Building with swimming pool, caretaker. A closed and secure parking space (box) and a cellar complete this property.

botticelli vente 4p petrini exclusive real estate moanco4

Price on request

Discover the exclusivity of the Le Botticelli residence, nestled in the heart of the peaceful district of Fontvieille. This fully furnished 3 bedroom apartment offers a unique living experience, with stunning views of the port and the Mediterranean Sea.

seaside 3p petrini exclusive real estate4

11 000 000 €

Dive into luxury and serenity with this large two-bedroom apartment located in the heart of Fontvieille, offering breathtaking views of the sea, rose garden, and the Rock. Facing southeast, it is drenched in dazzling natural light that highlights its elegant design and premium finishes. This haven of peace, nestled in the prestigious Seaside Plaza, promises a life of refinement and exclusivity. Enjoy an idyllic living environment where luxury, comfort, and natural beauty come together to create an unparalleled living experience.


3 490 000 €

Discover this three-room apartment completely renovated and for mixed use, located in a beautiful building with conciergerie. With a total area of 82 square meters, it offers an entrance hall, a large living / dining room, an equipped kitchen, a bedroom, an office, a dressing room, a bathroom and a balcony of 10m² facing south overlooking the city.


2 180 000 €

Discover this 2-room apartment completely renovated, located in the luxury building Les Abeilles, in the prestigious district of La Rousse Saint Roman in Monaco. Bathed in natural light and offering a litlle sea view, this 50m2 apartment offers a modern and functional living space. Do not miss this opportunity to own an exceptional property in this privileged location.

parc saint roman vente 2p petrini exclusive real estate moanco1

3 850 000 €

Nestled in the prestigious residence of Parc Saint Roman, this spacious two-room apartment completely renovated offers generous volumes and a beautiful balcony facing west. Residents can also enjoy a swimming pool, gym and 24-hour concierge service. An indoor parking and a cellar complete this property.

Port Monaco

Subscribe to our newsletter and discover our
exclusive Off Market properties.

Language :
Interested in :
(* : Required information)