43.74° N · 7.42° E
Monaco Tax Guide
EuropeLast verified June 2026Exempt system
- Top income tax
- 0%
- Capital gains
- 0%
- Corporate
- 25%
- VAT / GST
- 20%
- Residency test
- 183 days
No personal income tax (except French citizens)
In short
- Monaco offers no personal income tax, exceptional personal security and a Riviera setting within minutes of Nice airport.
- No newcomer tax regime: the standard rates above apply to new residents.
- Watch out: Housing is among the most expensive in the world and residency requires genuine accommodation plus significant wealth; French nationals cannot escape French tax by moving here.
Verified June 2026 · 3 sources
Recent changes
No changes logged since the last full verification.
Full change logBest for
- Zero personal tax
0% on personal income — among the simplest tax outcomes globally.
- Zero capital gains
No CGT on investment, property, or crypto disposals (subject to "investor" classification).
- Foreign income exempt
Exempt system — overseas income generally outside the local tax net.
- No wealth tax
No annual tax on net worth or assets.
- No inheritance tax
Estate and lifetime transfers not subject to inheritance tax.
Personal Income Tax
Residency, rates, foreign income, capital gains, wealth and inheritance, special regimes+
Personal Income Tax
Residency, rates, foreign income, capital gains, wealth and inheritance, special regimesTax Residency
Income Tax Rates
Foreign Income Treatment
Investment Income
No capital gains tax for individuals
Wealth & Inheritance
Practical Notes
French citizens remain subject to French income tax. High cost of living and property. Minimum €500,000 bank deposit typically required for residency.
Business & Corporate Tax
Corporate rate, withholding, VAT, substance, Pillar Two and treaties+
Business & Corporate Tax
Corporate rate, withholding, VAT, substance, Pillar Two and treatiesCorporate Income Tax
Withholding Taxes
VAT / GST
Compliance & Substance
Notable Regimes
- Startup relief program
- R&D tax credit 30%
OECD Pillar Two (15% global minimum tax)
No Pillar Two legislation enacted. Few in-scope MNEs domiciled in Monaco given the regime's focus on individuals.
See full implementation trackerTax Treaty Network
No US, UK, or Germany tax treaty. France-Monaco treaty (1963) is the dominant bilateral arrangement and the reason French citizens remain subject to French tax. Smaller treaty network reflects Monaco's 0% individual income tax regime.
See full treaty matrixBeyond tax
Living in Monaco
Monaco offers no personal income tax, exceptional personal security and a Riviera setting within minutes of Nice airport.
- Expat hub
- Monaco
- Monthly budget
- ~$9,000
- Climate
- Mediterranean, 16°C
- Time zone
- UTC+1
- Tax98
- Cost of living$$$$$
- Safety92
- Healthcare92
- English55
- Internet300 Mbps
- Warm climate55
- Residency access25
- Scores 0-100, higher is better. Editorial composite ratings; see method.
Ways to get residency
- Carte de séjour (residence card)Proof of Monaco accommodation (lease or purchase) and substantial financial means, typically shown via a large deposit with a Monaco bank
Watch out: Housing is among the most expensive in the world and residency requires genuine accommodation plus significant wealth; French nationals cannot escape French tax by moving here.
See how Monaco ranks for remote workers, retirees and familiesData Sources
Last verified: June 2026. Always check official sources before making a decision.
FAQ
What is the personal income tax rate in Monaco?
+
Monaco has a top personal income tax rate of 0%. The tax structure is: No personal income tax (except French citizens). See the detailed breakdown above and verify with official sources.
Do I need to pay tax on foreign income in Monaco?
+
Monaco uses a exempt system for foreign income. No tax on personal income for residents (except French citizens under 1963 treaty)
What are the residency requirements for Monaco?
+
Tax residency in Monaco generally requires 183 days of physical presence. 183 days required for tax residency; must demonstrate sufficient means and accommodation. Always verify current rules with official sources.
Is there a wealth tax in Monaco?
+
No, Monaco does not have a wealth tax. No wealth tax
What is the corporate tax rate in Monaco?
+
The corporate tax rate in Monaco is 25%. 25% only if >25% turnover from outside Monaco or IP-related income; 0% if ≥75% turnover in Monaco
US citizen moving to Monaco? Read this first.
Monaco has 0% personal income tax, so the US-citizen math is dominated by FEIE plus self-employment tax.
- •FEIE (Form 2555) shields ~$130k of earned income in 2026. Income above that has no Foreign Tax Credit to offset US tax (no foreign tax was paid), so it's taxed at regular US rates.
- •Self-employment tax (15.3%) is owed in full — Monaco has no totalization agreement with the US, so there is no SE-tax exemption.
- •Investment income (dividends, capital gains, interest) is taxed at standard US rates. No FTC because no Monaco tax was paid.
- •Monaco residency requires 183 days. State residency severance from a sticky state (CA, NY, VA, NM, SC) before international move is the highest-stakes practical step.
The Atlas · membership by intake
Is Monaco right for you? Get a plan built around you.
Answer 12 quick questions and the Atlas builds your personal dossier: whether Monaco actually fits you, where your company should sit, the regimes you could qualify for and the traps for your situation.
Want Monaco rate alerts?
Get the 2026 cheat sheet (all jurisdictions, one page) plus an email when Monaco changes its tax rates or residency rules.
No spam. One email when rates materially change. Unsubscribe in one click.
Related on TaxAtlas
- Is this the right country for you?4-question quiz scores 53 countries against your situation
- 2026 Global Tax Cheat SheetSide-by-side comparison of all 53 jurisdictions
- 2026 international tax changesRecent updates affecting jurisdictions like this one
- Get help with a Monaco moveRequest a response within 1–2 business days