Monaco residency

rss · 2025-11-17T15:48:27+00:00

Hello everyone, I’m looking into getting residency in Monaco and trying to understand what the current bank requirements are for the "financial attestation". I know there has been talk of a 500k deposit for years, but I’ve seen mentions that some banks ask for more, WAY more now. For those of you who applied for residency recently (or know someone who did): Which bank did you use? How much did they ask for initially (cash or equivalent)? Did they require you to maintain that 500k+ balance permanently (or at least when renewing)? Also, did you manage to invest or use that money(through the bank) after getting the attestation or was it completly locked? For people with non-traditional wealth (crypto etc..) Was there a higher minimum deposit? Any advice for choosing a bank in Monaco for this purpose (willingness to deal with residency-cert issues) ? Thanks in advance for your replies.

rss17 Nov 2025

replies: 40
views: 2.3K

JohnnyDoeSchrödinger‘s guy

Joined: Jan 2020
Messages: 10,049

29 Jan 2026#41

Peter Taradash said:
Search for "Campione" on this website to find out what "de-facto" tax haven might mean for you in real life.

It means GdF. IYKYK

Peter Taradash said:
Theoretically, Italy taxes residents on their worldwide income.

In practice, Italy wants to steal as much money as possible from whoever stays on its territory, no matter if taxes are paid or not. Save of course for low level immigrants.

Peter Taradash said:
also search on You Tube - at "Lucky2balive888" Lugano Rental

It’s not a bad place, where to spend a few days once in your life out of curiosity. Not exactly a major tourist attraction.
Campione is also an interesting example of human stupidity, as they managed to bankrupt the casino, the only only business that is mathematically guaranteed to make money 🤦

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