British citizens need a residence permit or long-stay visa for more than 90 days in any 180-day period in Monaco. The salary model covers non-French residents.
See the Budget tracker for announcements and effective dates.
How does take-home pay compare with the UK?
Annual GBP at the same gross salary, using the UK and destination engines. Single employee, no children or voluntary pension contributions. A converted salary is not a local job offer.
Flight Risk Capital engines: UK 2026-27; Monaco 2026. Sources below, checked 25 October 2026.
Gross salary
UK take-home
Monaco take-home
Difference before rent
£50,000.00
£39,519.60
£42,849.44
£3,329.84
£75,000.00
£54,057.40
£63,926.02
£9,868.62
£100,000.00
£68,557.40
£85,897.02
£17,339.62
£150,000.00
£91,286.40
£129,839.02
£38,552.62
How is employee pay taxed?
Non-French resident employees pay no Monaco personal Income Tax. France’s tax administration confirms the exemption in BOFiP (2 June 2021; checked 25 October 2026). French nationals’ treaty rules and their exceptions are outside this model. Employee pension and unemployment contributions still reduce take-home pay.
Tax period: 2026. Main city used: Monaco.
Who pays no Monaco personal Income Tax?
The model covers non-French resident employees. France’s tax administration confirms that Monaco does not charge resident individuals Income Tax. French nationals can instead fall under French treaty rules, with specific exceptions that this model does not assess (BOFiP, 2 June 2021; checked 25 October 2026). Employee social contributions still apply.
UK-source income can still need a British assessment. The UK exit tax guide explains continuing liabilities.
Which employee contributions reduce Monaco pay?
Each ceiling belongs to its own contribution. Combining them into a single rate on all pay gives the wrong result above a ceiling.
What permission do I need to live and work here?
France handles immigration for Monaco. UK citizens need a residence permit or long-stay visa to stay over 90 days; apply via the Monaco authorities or embassy.
Apply for a long-stay visa through the French visa service before settling in Monaco. The official checklist accepts an endorsed employment contract, a business application or a Monaco bank certificate showing sufficient means. Accommodation evidence is also required.
Employee healthcare cover starts with registration through the employer and the Employment Service. Reimbursement also depends on meeting the social funds’ work conditions. Check entitlement with the Caisses Sociales de Monaco before relying on state cover.
Monaco’s banking association says residents and non-residents can apply, subject to checks, with valid identity and address evidence. Ask the bank about source-of-funds documents and its conditions for issuing a residence-application reference.
IMSEE’s 2025 Real Estate Observatory estimates property transaction prices at EUR 57,569 per square metre. This is a purchase-market indicator, not rent or everyday spending. The report uses a revised method covering sales and resales, so comparisons with older reports need care.
David Reuben. According to reports in Fortune (7 October 2026), David Reuben is reported to have moved to Monaco. Basis: Fortune reported on 7 October 2026, citing The Times and a spokesman, that David Reuben had moved to Monaco. The spokesman declined to give a reason..
Guillaume Pousaz. According to reports in Fortune (7 October 2026), Guillaume Pousaz is reported to have moved to Monaco. Basis: Fortune, in an article about billionaires leaving the UK, citing a Bloomberg analysis..
December 2025
Daren Whitaker. According to reports in Monaco Tribune (2 December 2025), Daren Whitaker is reported to have moved to Monaco. Basis: The Telegraph, citing Companies House filings that list Monaco as his main residence (as relayed by Monaco Tribune)..
November 2025
Oscar Piastri. According to reports in Formula 1 (18 November 2025), Oscar Piastri is reported to have moved to Monaco. Basis: Formula 1 reported on 18 November 2025 that Oscar Piastri was living in Monaco..
April 2025
Ian Livingstone. According to reports in Fortune (24 April 2025), Ian Livingstone is reported to have moved to Monaco. Basis: Fortune and Bloomberg, citing UK company registry filings..
Richard Livingstone. According to reports in Fortune (24 April 2025), Richard Livingstone is reported to have moved to Monaco. Basis: Fortune and Bloomberg, citing UK company registry filings..
Tor Olav Trøim. According to reports in Bruton (August 2025), Tor Olav Trøim is reported to have moved to Monaco. Basis: Finansavisen reported on 6 June 2025 that Tor Olav Trøim had moved to Monaco after previously being based in London..
December 2021
Lando Norris. TimesLIVE on 1 December 2021 reported that Lando Norris said he was moving from England to Monaco. Basis: TimesLIVE on 1 December 2021 reported that Lando Norris said he was moving from England to Monaco..
What else do readers ask?
Can a British citizen live in Monaco?
Apply for a long-stay visa through the French visa service before settling in Monaco. The official checklist accepts an endorsed employment contract, a business application or a Monaco bank certificate showing sufficient means. Accommodation evidence is also required.
How do residents get healthcare in Monaco?
Employee healthcare cover starts with registration through the employer and the Employment Service. Reimbursement also depends on meeting the social funds’ work conditions. Check entitlement with the Caisses Sociales de Monaco before relying on state cover.
How do I open a bank account in Monaco?
Monaco’s banking association says residents and non-residents can apply, subject to checks, with valid identity and address evidence. Ask the bank about source-of-funds documents and its conditions for issuing a residence-application reference.