Relocating to Monaco
If you are married, you need to provide your marriage certificate. In the case that you are divorced, an official divorce certificate or a certificate of legal separation will be requested by the MonĂŠgasque Government. If you are a widow, then you need to provide a death certificate of your spouse who is deceased. Your marital status is also important for opening a bank account. Even if it is not an official requirement, the bank might request to have a signed prenuptial agreement, known as a marriage contract. Furthermore, if you have children under the age of 16, you need to provide with the passport or identity card for each child, proof of custody of minors, (proof of adoption, if applicable) as well as with a proof of schooling for children educated outside Monaco. Accommodation A physical address in the Principality of Monaco is a prerequisite for the application. In addition, it is highly important that the property has sufficient bedrooms to accommodate the number of persons applying. If you buy an apartment in the Principality, you need to provide a notarized property deed to prove that you are the rightful owner of the property. If you are renting an apartment, you need to provide the tenancy agreement registered with the Department of Tax Services. When you rent an apartment, you must be aware that your tenancy agreement for the property is subject to registration duty tax and the leasehold duty tax, which is always covered by the tenant. The leasehold duty is calculated at a rate of 1% of the rent amount, and this includes the costs corresponding to the entire period in which the tenant occupies the property. You must pay the leasehold duty in full when you register your tenancy agreement contract.
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