How much money do you need in the bank to live in Monaco?

How much money do you need in the bank to live in Monaco?

Monaco is known for being an expensive place to live. In order to get a long-term residency permit in Monaco, one must have sufficient funds to support oneself. The minimum required amount is €500,000, which must be deposited in a Monaco bank account and held for at least six months. In addition, one must have proof of stable income and a home address in Monaco. There are some exceptions to these requirements, such as for those with high net worth or who are employed by a Monaco company. Overall, it is important to have sufficient financial resources in order to live in Monaco.

To attain permanent residency and citizenship in Monaco, certain criteria must be met: Investment: A minimum investment of €1,000,000, with €500,000 to be deposited in a Monaco bank and the remaining €500,000 for property purchase in Monaco.

I think you need deposit  500,000 euros in the bank

The minimum amount of money to apply to be a resident in Monaco is EUR 500,000. This will need to be held by a bank that is duly registered in Monaco in the applicant's name. The full amount of money must be held by the bank during all times of the residency period.

The minimum amount of money to apply to be a resident in Monaco is EUR 500,000. This will need to be held by a bank that is duly registered in Monaco in the applicant's name. The full amount of money must be held by the bank during all times of the residency period.