How do normal people afford to live in Monaco?
How do normal people afford to live in Monaco? Many Monaco natives are not wealthy and must rely on government subsidies in order to afford to remain in Monaco. It is nearly impossible for foreigners to become citizens, so government subsidies are tailor-made to support Monaco natives. The unemployment rate is estimated at 2 percent, one of the lowest in the world.
Can anyone move to Monaco?
Anyone who is at least 16 years of age and wishes to reside in Monaco for more than three months in a year, or set up home in the Principality, must apply for a residence permit from the Monégasque authorities.
Can a normal person live in Monaco?
The Monaco permanent residency card (Carte de Sejour) allow applicants to live in Monaco indefinitely. Permanent residency is granted on the basis of demonstrating proof of accommodation and proof of financial self-sufficiency.