Monaco•EuropePrivileged Residence Permit (Carte de Séjour Privilégiée)
At a Glance
3–6 months
EUR €370
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
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 |
Related visas
More visas in Monaco
Residency visas in other countries
- HM Armed Forces Visa
United Kingdom
- EU Long-Term Residence Permit
Spain
- Unique Permit for Use of Owned Immovable Property
Albania
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