Monaco, with its stunning Mediterranean views, zero income tax policy, and ultra-exclusive lifestyle, continues to attract interest from high-net-worth individuals around the world. One of the most frequently asked questions by potential buyers is: can foreigners buy property in Monaco?
The answer is yes – and the process is remarkably accessible compared to many other European markets.
In this guide, we’ll explain what international buyers need to know, from legal requirements to practical tips, so you can make an informed decision about investing in Monaco real estate.
1. Can Foreigners Buy Property in Monaco?
Yes, foreigners are allowed to buy property in Monaco without restriction. There are no nationality-based ownership limitations, meaning anyone – regardless of citizenship or residency – can legally purchase real estate in the Principality.
Key Points:
- No need to be a Monaco resident to buy
- No special permit required for foreign ownership
- Property can be purchased by individuals or legal entities (such as companies or trusts)
This open approach makes Monaco one of the most accessible luxury property markets for international investors.
2. Legal Process for Foreign Buyers
The property purchase process in Monaco is secure and well-regulated. While similar to other European countries, it’s known for its transparency and professionalism.
Step-by-Step Overview:
- Select a property – Work with a licensed local agent.
- Make an offer – Offers are typically submitted in writing.
- Sign a preliminary sales agreement (Compromis de Vente) – This locks in the price and terms.
- Pay the deposit – Usually 10% of the purchase price, held by the notary.
- Due diligence and legal checks – The notary ensures the title is clear and verifies all documents.
- Final signing and transfer of ownership – Occurs around 2–3 months after signing the initial agreement.
A Monaco notary (notaire) is legally required to oversee the transaction. Foreign buyers can also appoint a lawyer to represent their interests, especially if buying through a company or establishing residency.
3. Are There Additional Taxes or Fees for Foreign Buyers?
Foreign buyers are subject to the same taxes and fees as local or resident buyers. These are mostly related to the transaction itself.
Typical Costs Include:
- Registration and notary fees: Around 6% of the purchase price for resale properties
- Agency fees: Usually 3% (plus VAT)
- No capital gains tax if the property is sold later
- No income tax on rental income if you become a Monaco resident
There are no annual property taxes or wealth taxes in Monaco, making ongoing costs highly favorable for foreign investors.
4. Can Foreigners Get a Mortgage in Monaco?
Yes, non-residents can apply for property financing through Monaco-based banks, although the terms are typically more conservative than in other countries.
Mortgage Options:
- Loan-to-value (LTV) ratio often capped at 50–60%
- Proof of income and assets required
- Favorable interest rates for private banking clients
Working with a local financial advisor or mortgage broker is recommended, especially if you are structuring the purchase via a company or holding entity.
5. Buying Property and Monaco Residency
While owning property does not automatically grant residency, it’s often a key step toward obtaining it.
To apply for residency, you must:
- Rent or purchase accommodation in Monaco
- Show proof of sufficient financial means
- Have health insurance and a clean criminal record
- Spend at least 183 days a year in Monaco to maintain resident status
Purchasing real estate signals a strong intention to live in Monaco, which strengthens your residency application and offers access to Monaco’s tax and lifestyle benefits.
6. Can Foreigners Rent Out Their Monaco Property?
Yes, foreign buyers can legally rent out their properties. The rental market is robust, especially for long-term furnished apartments in central districts like Monte Carlo, Larvotto, and Fontvieille.
Rental Highlights:
- Strong demand from international professionals and expats
- High rental yields in luxury segments
- Professional agencies offer full-service property management
Rental income is not taxed in Monaco if you become a resident. However, foreign owners should consult tax advisors about their home country’s tax obligations.
7. Why Foreigners Choose to Buy Property in Monaco
In addition to favorable laws, foreign buyers are drawn to Monaco for its:
- Tax-neutral environment (no income or capital gains tax)
- Political and economic stability
- Luxury lifestyle and global prestige
- High property value retention
- Safe and low-crime environment
These factors combine to make Monaco one of the most desirable real estate markets in the world – and one of the safest places for foreign capital investment.