Personal Income Tax 2026 – Monaco

Monaco levies NO personal income tax on residents. Zero tax on: employment income, self-employment, business profits, investment income, dividends, interest, capital gains, rental income (except 1% rental duty). Worldwide income exemption.

Monaco residents don't file personal income tax returns. No reporting of income, no declarations, no compliance burden. Employers don't withhold income tax from salaries.

French citizens residing in Monaco pay French income tax under 1963 bilateral treaty - UNLESS: resided in Monaco before 1957, OR resided 5+ years before Oct 31 1962, OR married Monegasque, OR dual French-foreign nationality (settled before Dec 29 1995).

Must spend 183+ days per year in Monaco to qualify as tax resident. Days counted include arrival but typically exclude departure. Tracking crucial for maintaining status.

Must first obtain residence permit: accommodation in Monaco (owned/rented), financial sufficiency (~€500,000+ bank deposit), clean criminal record, health insurance, bank reference letter.

Certificate ('certificat à des fins de formalités fiscales') proves tax residence to foreign authorities. Requires genuine Monaco residence, not just administrative permit. Can reduce required days if strong economic ties proven.

Even fewer than 183 days may suffice if Monaco is demonstrably main residence: family lives there, children in Monaco schools, primary bank accounts, business registered there.

No capital gains tax on: stocks, bonds, real estate sales, cryptocurrency, art, collectibles, business sales. Complete exemption regardless of holding period or profit amount.

No tax on dividend income from any source worldwide. No tax on interest income. No withholding taxes on dividends/interest paid by Monaco companies.

No wealth tax, no net worth tax, no annual property tax. Can hold unlimited assets tax-free. Exception: French nationals subject to French Real Estate Wealth Tax (IFI).