Is Monaco heading to join the European Union?

One should never forget that the Principality of Monaco is not part of the European Union, only its Schengen zone and monetary zone. If you can enter the European Union, then you are also allowed to stay in Monaco for up to three months without having to apply for any kind of residence permit.

The question that excites many: is Monaco heading to join the European Union?

Theoretically, EU membership for the Principality of Monaco is unlikely as, aside from its size, unlike the constitutional monarchies within the EU, the Sovereign Prince, H.S.H. Prince Albert II of Monaco has considerable executive powers and is not merely a figurehead. The Principality of Monaco is an independent country concerning the European Union.

Since 18 March 2015, the Principality of Monaco has been officially engaged in negotiations with the European Union (EU), aimed at reaching a balanced agreement. This will allow Monaco to participate as fully as possible in the EU’s internal market, while ensuring respect for the Principality’s vital interests, taking into account its unique geographical, demographic, and economic features.

On 13 March 2019, the European Parliament adopted a report on the Association Agreement between the EU and Monaco. This document contains several  recommendations addressed to the Council and the Commission on the conduct of the negotiations, in particular concerning  taking into account the specific characteristics of the Principality.

It seems Monaco has strong perspectives on the integration of the Principality into the European Union. Yet, and to be realistic it will take a long way of negotiations if it ever happens.