Monaco grants residence to applicants who can show suitable accommodation in the Principality and sufficient financial means. Nigerian nationals apply through the same process as other applicants from outside the European Economic Area. This page sets out the current position.
Information, not advice. Figures are indicative and current as of June 2026. Always confirm the present rules with the official program authority and a licensed professional before you act.
Nigerian nationals are eligible. There is no reported nationality bar. Because Monaco is outside the European Union and the European Economic Area, most foreign applicants follow the same path, which combines an accommodation requirement, a financial reference and a background check.
Applicants must generally be adults, hold a clean record, secure a place to live in Monaco, and satisfy a Monaco bank that they have the means to support themselves. Confirm the live eligibility rules with the authority.
The standard route is the residence permit, the carte de sejour. You secure accommodation that you own or rent, obtain a reference from a Monaco bank confirming your financial standing, then apply to the Residents Section. The permit is renewed on the published cycle and longer term permits follow continued residence.
Monaco does not publish a fixed government investment price for residence. The widely cited figure of around EUR 500,000 is a bank reference threshold, not a state fee. It is your own money held in your account. Confirm what your bank and the authority require.
The review by the Residents Section commonly takes several weeks once a complete file is lodged, and the overall process including the bank reference and housing can take longer. Confirm current scheduling with the authority.
The figures below are indicative. The bank reference is your own capital, not a payment to the government. Confirm the current housing rule, the bank reference expectation and the official fees with the authority and your bank.
| Item | Indicative amount | Notes |
|---|---|---|
| Bank reference deposit | Set by the Monaco bank, commonly cited from EUR 500,000 | Your own funds held in your account, not a fee paid to the government. The bank sets the figure |
| Housing in Monaco | Confirm the current figure with the official authority | You must own or rent accommodation suitable for the household |
| Government and processing fees | Confirm the current figure with the official authority | Card issue and renewal fees apply |
Figures are indicative and current as of June 2026. Direction de la Surete Publique, Residents Section (Monaco) publishes the binding detail. Verify before you act.
Yes. There is no reported nationality bar. Eligibility rests on securing accommodation, satisfying a Monaco bank on your finances and passing a background check. Confirm the current rules with the authority.
No published government investment price exists. The figure of around EUR 500,000 that is often quoted is a bank reference level, and it is your own money held in your account rather than a state fee. Confirm what your bank requires.
The Residents Section review commonly takes several weeks once your file is complete, with the wider process taking longer. Confirm current timing with the authority.
Information, not advice. Figures are indicative and current as of June 2026. Always confirm the present rules with the official program authority and a licensed professional before you act.
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