Welcome to our guide on how to relocate to Monaco! In this video, we're sitting down with Irene Luke, the head of Savills Monaco, to answer all your burning questions about moving to this luxury destination. Grab a cup of coffee, sit back, and let's dive in!

Monaco is attracting a lot of attention, especially from British nationals postBrexit. Irene, who is also part of Savills Private Office in London, joins us from her terrace above the port of Monaco to discuss the surge in interest. People are eager to know what life is like in Monaco and how to make the transition.

The process to move to Monaco has become lengthier for British nationals. They must apply for a Visa D from France, which involves proving good character, having a place to live, and sufficient means to support themselves. Typically, this includes having a Monaco bank account with a minimum of 500,000 euros.

1. Open a bank account in Monaco.
2. Find accommodation—most people start with a oneyear lease.
3. Apply for the visa through the French embassy in London.
4. Once awarded the visa, apply for a residence card with the local police in Monaco.

Living in Monaco involves apartment living, and while rental prices can vary, the lifestyle is incomparable. Irene describes local amenities like supermarkets, farmer's markets, cafes, and even international schools for families moving in.
Monaco offers a fantastic lifestyle with several benefits:
Proximity to other European destinations
Great weather with around 300 days of sunshine per year
High academic standards in schools
Easy access to Nice airport and helicopter services
Luxurious apartment living with services and amenities

Rental prices for a twobedroom apartment can range between 8,000 to 25,000 euros per month. For larger, luxurious villas, prices can soar upwards of 200 million euros, often with financial options available for potential buyers.

If you're considering relocating to Monaco, it's crucial to plan ahead due to high demand. Irene emphasizes the importance of getting organized sooner rather than later, especially for securing accommodation. With over 30 years of experience living in Monaco, she assures that it’s a fantastic place to raise children and enjoy a highquality lifestyle.

Thank you for watching! If you have any personal questions, Irene’s contact details are in the comments below. Don’t forget to like, subscribe, and share—it helps us enormously. See you in the next video!

List and Buy: https://www.millionplus.com
@savillsmonaco
@themonacopropertyagent

#MonacoLiving#ExpatsInMonaco#MonacoLifestyle#MovingToMonaco#MonacoRealEstate
#MonacoTaxBenefits#MonacoCulture#MonacoSchools#MonacoEvents#LuxuryInMonaco


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00:00 Introduction: Why Relocate to Monaco?
00:15 Meet Irene Lu: Expert Insights
00:41 Visa and Residency Requirements
01:26 Banking and Accommodation
01:58 Application Process
04:43 Living in Monaco: Daily Life
06:21 Education and Schools
08:15 Accommodation Costs and Options
11:20 Final Thoughts and Advice
12:12 Conclusion and Contact Information



About Paul Welch
Paul is a distinguished figure in the financial sector, frequently featured in prominent media outlets like the Financial Times, Bloomberg, and Forbes.

Since 2016, he has been consistently highlighted in The Spear’s 500, the indispensable guide to the leading private client advisors for highnetworth individuals.

His insights into financial markets and highvalue asset financing are highly respected, earning him a place on the Decision Maker Panel, where his data/expertise is fed back to the Bank of England's national monetary policy.

As an original member of the LinkedIn Creator program, Paul has become a leading voice in financial education on social media.

His YouTube channel, launched in August 2023, has quickly amassed a significant following, thanks to his engaging and approachable style. Paul's content covers a broad spectrum, from multimillionpound mortgages to the mental health benefits of sea swimming.

Paul has facilitated over £4.2 billion in luxury asset financing, and Millionplus.com, a pioneering platform for trading luxury assets. His ventures reflect his visionary approach to finance and entrepreneurship.