Living in Monaco
Europe — Expat guide for moving and living abroad
Country overview
Capital
Monaco
Currency
EUR
Continent
Europe
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Entry requirements
Check if your passport needs a visa for Monaco.
Check visa requirementsPopular passport access to Monaco
| Passport | Status | Max Stay |
|---|---|---|
| Andorra | Visa Free | 90 days |
| United Arab Emirates | Visa Free | 90 days |
| Albania | Visa Free | 90 days |
| Argentina | Visa Free | 90 days |
| Austria | Visa Free | 90 days |
| Australia | Visa Free | 90 days |
| Bosnia and Herzegovina | Visa Free | 90 days |
| Bangladesh | Visa Required | — |
| Belgium | Visa Free | 90 days |
| Bulgaria | Visa Free | 90 days |
Detailed visa guides for Monaco
Monthly costs
Monte Carlo
Rent (center)
4,500 EUR/mo
Groceries
600 EUR/mo
Transport
50 EUR/mo
Est. Monthly Total
5,330 EUR/mo
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Work permits
-
Residence Card (Carte de résident)
Duration: 1 year initially, renewable, leads to 10-year card after 3 years
Proof of accommodation in Monaco (rental or property) + proof of sufficient funds (~EUR 500k in Monaco bank)
-
Work Authorization (Autorisation de travail)
Duration: Tied to employment contract
Job offer from Monaco employer, who must prove no resident could fill the role
Salary & tax
Income Tax Range
0% – 0%
Social Security (Employee)
0.13%
Monaco has no personal income tax for residents (except French nationals who remain taxed in France). Social contributions ~13% employee side. Residency requires 6+ months stay and proof of accommodation + funds.
Calculate your net salaryUseful services
Insurance
SafetyWing
Nomad health insurance for your stay in Monaco. Monthly subscription, cancel anytime.
Get a SafetyWing quote →Connectivity
Airalo
Monaco eSIM data plans from $4.50. Activate before you land — no SIM swap.
Get an Airalo eSIM →Language
iTalki
Book 1-on-1 video lessons with native tutors before you move. 150+ languages.
Find a tutor →