v256.0 · tax residency · MC · verified 2026-04
Monaco tax residency
Rules that determine when you become tax-resident in Monaco, the headline rates, and any HNW or expat special regime that softens the standard system.
Threshold
183 days/year
Taxation basis
territorial — zero personal income tax (French citizens excepted)
Top marginal rate
0% personal income (33% corporate if >25% revenue from outside Monaco)
Capital gains
0% personal
Special regime: Zero income tax IS the regime
Monaco residents pay 0% personal income tax — uniquely so in Western Europe. EXCEPTION: French citizens remain subject to French taxation per 1963 bilateral treaty (cannot escape via Monaco). To become resident: prove ability to support oneself (typically deposit €500K+ in Monégasque bank), rent/buy housing in Monaco (median apartment €5-10M), apply for Carte de Séjour. After 10 years → permanent residence; 10+ further years → potentially naturalisation (rarely granted).
Rate landscape
| Dividends tax | 0% |
| Exit tax | No exit tax |
| Tax treaty network | 37 jurisdictions |
| CRS (automatic info exchange) | Active since 2018 |
Recent regime changes (2023-2026)
CRS active since 2018 — Monaco no longer the secrecy jurisdiction it once was. Real-estate prices continue setting records — €100M+ apartments in The Tower Odeon and Mareterra. Property purchase + residency stable.
Strengths
- 0% personal income tax in centre of Western Europe
- Schengen-zone access (border with France)
- World-class banking, security, healthcare
- No CGT, no dividends tax, no inheritance for residents (with conditions)
- High concentration of HNW community
Drawbacks
- Property costs world-record-setting — €50K/m² average
- Smallest treaty network (37) among credible tax havens
- French citizens cannot escape French tax via Monaco residence
- No automatic naturalisation — citizenship rare
- Very small physical footprint (2 km²)
Top cities for tax-residency seekers
Monaco
Source: official Monaco tax authority page · Last verified 2026-04
See also: full Monaco country profile · full tax-residency atlas