Monaco, Monaco
Answers · current to October 2026

Moving to Monaco from Stockholm.

What a high earner from Stockholm keeps after income tax at home and in Monaco, on 2026 rules: $493K more a year on $1M in Monaco, and the Swedish rule that follows the move.

In short, current to October 2026

  • On $1M of income, a single filer in Stockholm owes $493K in income tax, an effective 49%, on Patrician.ch's 2026 model. In Monaco, which has levied no personal income tax since 1869, the figure is $0 for a non-US national who is not French.
  • Monaco keeps $493K more a year on $1M, $4.9M over 10 years.
  • A US citizen owes US federal income tax on worldwide income wherever they live, so in Monaco a US citizen on the same $1M still owes $320K on the engine's federal floor.
  • For a Swedish or other EU passport the route into Monaco is a straightforward permit: residence card with proof of accommodation and a local bank relationship. Nationals from outside the EEA and Switzerland route through a French long stay visa first. The flight from Stockholm is 3h 05m nonstop.
  • Figures are current to October 2026 and modeled on 2026 headline brackets for a single filer. Not tax, legal or immigration advice.

Official sources: Légimonaco, Government of Monaco, Swedish Parliament. Checked against them between and .

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated . Cite as: Patrician.ch, Moving to Monaco from Stockholm 2026: tax and the catch, patrician.ch/answers/moving-to-monaco-from-stockholm/, October 2026.

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By the Patrician.ch research desk · Updated 23 October 2026 · 8 min read
Income tax, a year

Stockholm or Monaco, on the same income.

A single filer, income tax only, on Patrician.ch's 2026 model, converted at the board's reference rates. The Stockholm figure comes from Sweden's scale for Stockholm in the Patrician.ch origin model (the national tax plus the Stockholm city municipal and regional tax, 30.55% in 2026, Skatteverket). Monaco levies no personal income tax.

IncomeStockholmMonacoMonaco keeps more, a yearOver 10 yrs
$500K$240K (48%)$0 (0%)$240K$2.4M
$1M$493K (49%)$0 (0%)$493K$4.9M
$3M$1.5M (50%)$0 (0%)$1.5M$15.0M

Social contributions and most deductions are not modeled. A US citizen in Monaco owes US federal tax: $138K on $500K, $320K on $1M, $1.1M on $3M on the engine's floor. The foreign earned income exclusion covers a capped slice of salary and none of the investment income, so the model leaves it out.

The catch

What the move does not settle.

Sweden presumes the tie holds for 5 years. Under chapter 3 of the Swedish Income Tax Act (Inkomstskattelag 1999:1229, sections 3 and 7), a person who keeps an essential connection to Sweden stays fully taxable there. A Swedish citizen, or anyone who lived in Sweden for at least 10 years, is presumed to keep that connection for 5 years after leaving unless they show otherwise. A home, family, a business or property in Sweden all count toward it (riksdagen.se, read 23 October 2026).

Gains on shares follow for 10 years. Sweden keeps the right to tax your gains on shares in Swedish companies, and in foreign companies bought while you lived there, at 30% for 10 years after you leave, if you lived there at any point in the 10 years before the sale. Some tax treaties shorten that window, the Luxembourg treaty to 5 years. Leaving Sweden: the exit tax →

A US passport keeps its tax. The United States taxes its citizens on worldwide income wherever they live. Monaco levies none, so a US citizen there owes the full federal figure, $320K on $1M. How a US citizen is taxed abroad →

The route in

Residence in Monaco.

For a Swedish or other EU passport the route is a straightforward permit. Residence card with proof of accommodation and a local bank relationship. Nationals from outside the EEA and Switzerland route through a French long stay visa first.

Cost and life.

Monaco scores 125 on the Patrician.ch cost index, where Zurich is 100. Safety 10 of 10, schools 8 of 10, 2,700 hours of sun a year. Stockholm is not one of the 100 places on the board, so it carries no index of its own.

Every Monaco figure: Monaco on the board. Leaving Stockholm for anywhere: moving from Stockholm. Monaco against Dubai and Singapore: Dubai vs Monaco vs Singapore for a family.

Moving to Monaco from the other cities: London · Paris · Milan · Zurich · Munich.

Questions

The short answers.

How much tax do you pay in Monaco moving from Stockholm?

No Monaco income tax. On $1M, a single filer owes $0 in Monaco against $493K in Stockholm, so Monaco keeps $493K more a year.

Patrician.ch's 2026 model, income tax only. A US citizen still owes US federal tax, $320K on $1M.

Does Sweden still tax you after a move to Monaco?

For 5 years after leaving, a Swedish citizen or a person who lived in Sweden for 10 years is presumed to keep an essential connection, and with it full Swedish tax liability, unless they show otherwise.

Gains on Swedish shares stay taxable for 10 years after leaving.

Do US citizens living in Monaco pay US tax?

Yes. The US taxes its citizens on worldwide income wherever they live, and Monaco levies no income tax to credit, so the federal tax is owed in full.

$320K on $1M on the engine's federal floor.

How do you get residence in Monaco?

For a Swedish or other EU passport the route is a straightforward permit.

Residence card with proof of accommodation and a local bank relationship. Nationals from outside the EEA and Switzerland route through a French long stay visa first.

Is Monaco more expensive than Stockholm?

Monaco scores 125 on the Patrician.ch cost index, where Zurich is 100. Stockholm is not on the board, so it has no index of its own.

The index is an editorial judgment, not a published statistic.

The Dossier: your top 3, on your numbers.A written report on the 3 places that rank first for you, compared line by line on your income, a sale, your passports and your family. 10 chapters, written the moment you pay. Every tax figure carries its official source and the date it was last checked. The Dossier is $500. The founding price, $250, holds until 31 October. Refunded in full within 7 days of delivery, no reason needed.
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Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Figures are for a non-US single filer. Wealth tax, an exit and your passports are added when you run the engine on your own numbers. Not advice. Residence rules change often. Verify before acting.

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