Monaco

Western Europe · MC · 2 treaties

Tax profile

What makes you a tax resident — and how hard it is to stop being one.

• Holding a valid Monaco residence permit (carte de séjour)
• Having accommodation in Monaco
• Staying at least 183 days per year in Monaco
• If staying less than 183 days in Monaco, spending more time in Monaco than in any other single country in the same period
• Having Monaco as the place of principal residence or 'foyer' (home)
• Having Monaco as the centre of interests (principal investments, place of effective management of business activities, place from which assets are administered)

Monaco has no personal income tax and tax residence is tied to physical presence and factual ties, so ceasing to meet the 183‑day/centre‑of‑interests conditions and no longer qualifying for a residence certificate generally ends tax residence without multi‑year tail rules or exit taxes. Practical difficulty is mainly administrative and evidential rather than legal, especially since most individuals are not taxed on income in Monaco.

Source: Residents Section office of the Monaco Police Department (via IBA paper “Why become a tax resident in Monaco?”) and Monaco Sûreté Publique residence certificate rules

Tax treaty network (2)

In-force double-tax treaty partners. Treaty-reduced withholding (dividends / interest / royalties) shown where the official source publishes a rate; otherwise the country's statutory rate applies unless the treaty text provides a reduction.