Privileged Residence Permit (Carte de Séjour Privilégiée)

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Privileged Residence Permit (Carte de Séjour Privilégiée)

Skilled Migration PR PathwayThis visa can lead to permanent residency, the right to live and work here indefinitely without renewing your visa. Dependents Allowed Remote Work

At a Glance

Processing Time

3–6 months

Estimated Cost

EUR €370

Varies by filing options

Stay Duration

10 years

Renewable

Renewal

Renewable

Family

Dependents allowed

PR Pathway

Yes

Sponsor

No job offer needed

Work

Remote work OK

Overview

The Privileged Residence Permit (Carte de Séjour Privilégiée) is a long-term residence permit in Monaco, typically available to foreign nationals who have resided in the Principality for at least ten years.

The Carte de Séjour Privilégiée is the premier long-term residency status in Monaco, designed for individuals who have established deep ties to the Principality. It requires proof of significant financial self-sufficiency and a clean criminal history, serving as the functional equivalent of permanent residency.

While it does not grant automatic work rights, it allows for long-term stability and is renewable every decade.

Cost Breakdown

First Issuance FeeEUR €160

Renewal FeeEUR €80

Duplicate/Replacement FeeEUR €80

Late Renewal FeeEUR €50

TotalEUR €370

Stay & Extensions

Initial grant

10 years

Requirements

PUBLISHED REQUIREMENTS

Residency threshold: At least 10 years of prior residence in Monaco (can be reduced to 1 year in special cases)

Demonstration of genuine, continuous residence

Financial self-sufficiency (typically demonstrated via a bank account in a Monaco-licensed bank with a deposit of €500,000+)

Proof of suitable housing (owned or rented)

Good character (clean criminal record from all countries of residence in the past 5 years)

KEY CRITERIA

Min. Savings

750,000 EUR

REQUIRED DOCUMENTS

Valid passport

Birth certificates

Marriage certificates

Proof of accommodation (lease or deed)

Bank attestation

Criminal record extracts

Advantages & Considerations

Key Benefits

Equivalent to permanent residency
Renewable indefinitely
Allows for remote work
Includes family members

Worth Knowing

High financial threshold (e.g., €500,000 bank deposit)
Requires 10 years of prior residency
Strict background checks
Does not automatically grant work rights
Criminal record in any country of residence in the past 5 years
Inability to prove financial self-sufficiency
Lack of suitable accommodation in Monaco

Application Process

Gather documentation (including criminal records and financial proof)

Submit application to the Residency Section (in person or online)

Attend an in-person interview

Undergo due diligence/background checks

Collect the residence card upon approval

Application Forms

MonGuichet.mc Residency Portal

Fill online

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