What kind of taxes should I expect to pay if I apply for Monaco investor visas, particularly if I don’t maintain residence there for most of the year?

Answers

• 

  Sylvain Fresia

  Fresia & Cie

  November 24, 2023

  To clarify, there is no “investor visa” in Monaco per se, it is a residency, with significant presence expected. As a general idea, there is no direct taxation on the individual in Monaco (salaries, wealth, capital gains, etc). There are also no inheritance or donation taxes between spouses and their children. Inheritances and donation to other family members/friends, as well as commercial and industrial companies generating more than 25% of their revenues outside of Monaco, are taxable. This is valid for as long as your main residence is Monaco. If you move your primary residence to a different country, then you will not benefit from these advantages anymore. However, as per any tax issues, there are numerous complicated layers to your question.

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  Peter Brigham

  Rosemont Monaco SAM

  November 23, 2023

  Monaco does not have any income tax, so a resident would not be subject to tax there. If you are not spending significant time in Monaco you will need to consider how you will be taxed by the countries where you do spend your time. If you are spending less than 3 months in Monaco in a year, you do not need to hold a residents card.