Monaco Conference Addresses Integration of New Residents, Highlights Principality's Attractiveness Strategy

Monaco Hosts Key Conference on Resident Integration

Monaco's commitment to fostering a welcoming environment for newcomers was the central theme of a recent breakfast conference, 'Attractivity in the Principality: the integration of new residents,' organized by the Jeune Chambre Économique de Monaco (JCI Monaco). The event took place on Tuesday, October 21, 2025, at the Le Méridien Beach Plaza, bringing together prominent figures from government and public security to discuss the Principality's strategy for attracting and integrating its growing resident population.

Key Pillars of Attractiveness Discussed

The conference highlighted Monaco's multi-faceted approach to attractiveness, which is built upon a 'security-identity-quality of life' framework. Ludmilla Raconnat Le Goff, Delegate for Attractivity to the Minister of State, emphasized that for those choosing to settle in Monaco, attractiveness extends beyond economic or financial considerations, resting on 'the promise of a life underpinned by security, trust and the stability of the Monegasque State.' Discussions underscored the importance of maintaining personalized administrative support and clear communication channels to ensure a smooth transition for individuals and families relocating to the Principality.

Speakers also detailed the robust security measures in place. Éric Arella, Director of Public Security, presented figures indicating a low crime rate, with only 888 criminal acts recorded in 2024, over 50% of which were solved. He stated, 'The feeling of insecurity that can be found elsewhere, with daily anti-social behaviour, gratuitous and excessive violence, hatred of the police – none of that exists in Monaco.'

Administrative Processes and Support for Newcomers

The event provided insights into the administrative aspects of residency. Chloé Boscagli, a Task Force member at the Attractivity Cell and Director of Monaco Private Label, noted that the Attractiveness Unit handles approximately 2,800 inquiries annually, with 65% related to residence permits. Annually, Monaco processes around 1,300 applications for initial residence permits, with an average of 15 rejections and 6,000 renewals over the last three years. The process typically involves demonstrating sufficient financial means, often through a bank deposit of at least €500,000, and proof of accommodation.

Support from local organizations is also crucial for integration. Chloé Boscagli highlighted the role of the Club des Résidents Étrangers (CREM), which offers information sessions in English to introduce newcomers to Monegasque social norms and values. These sessions have seen increasing attendance, with 60 participants in 2025 compared to 40 the previous year.

Future Outlook and International Appeal

The conference also touched upon Monaco's international prospecting efforts. Following Brexit, British applicants have risen to become the third-largest group (11%) for initial residence permits in 2024, behind France (22%) and Italy (21%). Ms. Raconnat Le Goff expressed intentions to renew prospecting missions by country in the coming year. The JCI Monaco, under the leadership of its 2025 National President Hanna Derrien, continues to play a vital role in promoting entrepreneurship and the economic attractiveness of the Principality.