It's not just money it's something else my Cousin try to Monaco but got refused

[Fullbear2222]

Here the story my Cousen 60 years old been working all his life STARTED as construction business.
So he got a lot money he was working all his life never spending but re investing in business and working tools
Then he decided to go Open bank account in Monaco and getting resident status there and he got refused.
Even he had all the proper paperwork and proof of all his life legit income

They didnt Even explaining to Him properly why he just wamted to go and live Nice place for his retirement so we realised it's not just money it's status and connection but Also got be something else ... becouse those who are not legit ones can Even Open bank accounts and living nice there but why they refused honest person got me thinking it's not Even about money just something else what play here importance

[Faisal2202]

They didnt Even explaining to Him properly why he just wamted to go and live Nice place for his retirement so we realised it's not just money it's status and connection but Also got be something else ... becouse those who are not legit ones can Even Open bank accounts and living nice there but why they refused honest person got me thinking it's not Even about money just something else what play here importance

You almost failed to convey the message fully due to two main reasons, one you misspelled a lot here and second you did not give any context of Monaco and why it is important for us to prefer opening a bank account there in compare to getting a resident status there. If you would have shed a light on these two factors then your post would convey the full message.

I did some research on my own and find out that Monaco is city of French Riviera and it is famous as tax haven, where there is no income tax and they might be providing huge or best investment opportunities, but I doubted what must have convinced your cousin to prefer residency than creating an account although the difference is crystal clear which is luxury life and high standard of living and more security.

I will say after getting a residency it won't be difficult for your cousin to open a bank account there so I should say he made a good cousin at last he is a good investor so he must know what he is doing and decisions are totally based on individual's mindset so one thing can be good for us while might not be for other.

[Adbitco]

Traveling to abroad or foreign country is not that easy especially when you are not from that country or having any connections to that country make very difficult to go there. Let say my country are also facing difficulty to easily migrate to the next country for a better life but even as that we go through lots of stress to make sure we gain access, it's more easier for those going to study there.

[dunfida]

Here the story my Cousen 60 years old been working all his life STARTED as construction business.
So he got a lot money he was working all his life never spending but re investing in business and working tools
Then he decided to go Open bank account in Monaco and getting resident status there and he got refused.
Even he had all the proper paperwork and proof of all his life legit income

They didnt Even explaining to Him properly why he just wamted to go and live Nice place for his retirement so we realised it's not just money it's status and connection but Also got be something else ... becouse those who are not legit ones can Even Open bank accounts and living nice there but why they refused honest person got me thinking it's not Even about money just something else what play here importance

When it comes into the talks on trying out to transfer yourself into other places or countries then it wouldnt really be that so easy and considering on how hard on getting to those kind of things.
Money cant really be be able to buy everything specially if you dont really have that kind of connection towards things but this is really just that on seldom or some situations considering that
having tons of money will really be not putting up you on trouble.

Did make some research about this one.

To attain permanent residency and citizenship in Monaco, certain criteria must be met:

    Investment: A minimum investment of €1,000,000, with €500,000 to be deposited in a Monaco bank and the remaining €500,000 for property purchase in Monaco.

    Financial Stability: Providing evidence of sufficient funds backed by bank references.

    Clean Record: A clean criminal record is required.
https://sterlingmigration.com/emigration-by-country/monaco-residency-by-investment/

If he do able to meet up those criterias but still get failed. Then i dont know on what he's lacking.

[Fortify]

Here the story my Cousen 60 years old been working all his life STARTED as construction business.
So he got a lot money he was working all his life never spending but re investing in business and working tools
Then he decided to go Open bank account in Monaco and getting resident status there and he got refused.
Even he had all the proper paperwork and proof of all his life legit income

They didnt Even explaining to Him properly why he just wamted to go and live Nice place for his retirement so we realised it's not just money it's status and connection but Also got be something else ... becouse those who are not legit ones can Even Open bank accounts and living nice there but why they refused honest person got me thinking it's not Even about money just something else what play here importance

You seem to think that they owe you an explanation, but they don't. There is likely a limited amount of applicants and that country has an extremely high threshold for entry, a few million makes you a pauper. Your cousin likely understands the situation more than you do, if he has been able to accumulate a high level of wealth. Sensible people are quite happy living next door in Nice and doing a day trip when they want, rather than the empty trophy of acquiring citizenship in a such a location when there are many better places for cheaper.

[iv4n]

Connections! You can have money, but without connections, you can't do much with your money. Basically, if you are not a friend with a "higher class & politicians who get their cut" you can't do much, sad but true.

...
If he do able to meet up those criterias but still get failed. Then i dont know on what he's lacking.

Welcome to the real world. If we could all have everything we want this world/system wouldn't be the way it is. The big ones reserved their right to refuse anyone. In my country, we say it YAMOP (rough translation), meaning "You're missing one paper". So they can fuck us with that "one paper" all the time.

[Zlantann]

They didnt Even explaining to Him properly why he just wamted to go and live Nice place for his retirement so we realised it's not just money it's status and connection but Also got be something else ... becouse those who are not legit ones can Even Open bank accounts and living nice there but why they refused honest person got me thinking it's not Even about money just something else what play here importance

When people are refused residency, immigration officials will tell the person the reason for the denial. Even if they refuse to give him the details, he has the right the request information about the grounds for this denial. I don't think money is the only criterion for granting residency in a foreign land, other issues such as criminal records, health status and even your country of origin are also considered. With the increase in criminal activities such as mass killings, attacks on schools and other security challenges, most European countries have become stringent in issuing residency.

But if you are legitimately in the country and you have the right to have a bank account, you could report to your country's embassy or seek the services of a financial expert or legal practitioner.

[mirakal]

Here the story my Cousen 60 years old been working all his life STARTED as construction business.
So he got a lot money he was working all his life never spending but re investing in business and working tools
Then he decided to go Open bank account in Monaco and getting resident status there and he got refused.
Even he had all the proper paperwork and proof of all his life legit income

They didnt Even explaining to Him properly why he just wamted to go and live Nice place for his retirement so we realised it's not just money it's status and connection but Also got be something else ... becouse those who are not legit ones can Even Open bank accounts and living nice there but why they refused honest person got me thinking it's not Even about money just something else what play here importance

Sometimes, its better not to hear the reason out, than to clearly slap on our face that without connections on those people who are sitting inside the government, everything will seem so hopeless. And without money to tip them, our time will only be wasted. That is the reality nowadays,  so either face it or leave it.

This is not just in Monaco but even to other country's governments as well. If you don't have back-ups like people owning high positions in that country, your application will be disregard forever.

[gunhell16]

Here the story my Cousen 60 years old been working all his life STARTED as construction business.
So he got a lot money he was working all his life never spending but re investing in business and working tools
Then he decided to go Open bank account in Monaco and getting resident status there and he got refused.
Even he had all the proper paperwork and proof of all his life legit income

They didnt Even explaining to Him properly why he just wamted to go and live Nice place for his retirement so we realised it's not just money it's status and connection but Also got be something else ... becouse those who are not legit ones can Even Open bank accounts and living nice there but why they refused honest person got me thinking it's not Even about money just something else what play here importance

When it comes into the talks on trying out to transfer yourself into other places or countries then it wouldnt really be that so easy and considering on how hard on getting to those kind of things.
Money cant really be be able to buy everything specially if you dont really have that kind of connection towards things but this is really just that on seldom or some situations considering that
having tons of money will really be not putting up you on trouble.

Did make some research about this one.

To attain permanent residency and citizenship in Monaco, certain criteria must be met:

    Investment: A minimum investment of €1,000,000, with €500,000 to be deposited in a Monaco bank and the remaining €500,000 for property purchase in Monaco.

    Financial Stability: Providing evidence of sufficient funds backed by bank references.

    Clean Record: A clean criminal record is required.
https://sterlingmigration.com/emigration-by-country/monaco-residency-by-investment/

If he do able to meet up those criterias but still get failed. Then i dont know on what he's lacking.

It turns out that the requirement to become a citizen or resident in the country of Monaco is also very high, as in El Salvador, the requirement for citizenship is about 1 million dollars.The cost is also very large, which means that only rich people can avail themselves of such an application.

It means that his cousin is a rich person because he has saved a lot of money, so it is easy for him to open a bank account in the country of Monaco.

[wxa7115]

Here the story my Cousen 60 years old been working all his life STARTED as construction business.
So he got a lot money he was working all his life never spending but re investing in business and working tools
Then he decided to go Open bank account in Monaco and getting resident status there and he got refused.
Even he had all the proper paperwork and proof of all his life legit income

They didnt Even explaining to Him properly why he just wamted to go and live Nice place for his retirement so we realised it's not just money it's status and connection but Also got be something else ... becouse those who are not legit ones can Even Open bank accounts and living nice there but why they refused honest person got me thinking it's not Even about money just something else what play here importance

Does your cousin has millions of dollars in the bank? If not then you can be sure is the money that got him denied, now if your cousin does in fact has that much money in the bank and he can prove it then without a doubt this is about the lack of connections he may have on that country.

There are countries that are very strict when it comes to becoming a resident there, and if you do not fulfill them the government is not going to waste their time explaining to you why you were rejected.

[Alpha Marine]

It's really difficult to understand your post, but I think I got it and I feel this topic should be moved to the off-topic board.

There are different factors embassies look at when you want to travel to a different country. The country you're from, your purpose for visiting that country, your police report of your native country, your medical report, and also the recent countries you've visited. These may not apply to some citizens though but it applies to most.

The US for example does not have a published list of countries that you've visited or from that will make them deny you a visa but there are countries you've visited recently that will make your visa denied.
Also, the denial or granting of a visa depends on your answers to the interview questions and the interviewer.

[AVE5]

Yes exactly not just about the money as you said @ OP. Deep down your brother didn't meet with some of the criterials which is not just about the money your brother thought he has made which was a hope for a breakthrough for him to get Into the foreigns country.
But however, overpopulation is also a statistical measures on considering the accessibilities of foreigners to some facilitated countries who doesn't want to congestion its environment with some persons that has no valuable offers to their government. Also some sorts of legal and illegal indulgences of individuals is also concerned which you can't bet on humans who have private spaces of doing their own private things.
Some are required some sorts authorized recommendations either by a residential citizen or by an authorized form of government.

[DrBeer]

Here the story my Cousen 60 years old been working all his life STARTED as construction business.
So he got a lot money he was working all his life never spending but re investing in business and working tools
Then he decided to go Open bank account in Monaco and getting resident status there and he got refused.
Even he had all the proper paperwork and proof of all his life legit income

They didnt Even explaining to Him properly why he just wamted to go and live Nice place for his retirement so we realised it's not just money it's status and connection but Also got be something else ... becouse those who are not legit ones can Even Open bank accounts and living nice there but why they refused honest person got me thinking it's not Even about money just something else what play here importance

"Good places are few and all are many"
The thing is that the EU and Monaco have many regulations and rules. And you can't just "buy" happiness ! Reasons for refusal can be a lot - from non-transparent scheme of receiving income, to the citizenship of your relative - for example, the citizenship of a country with a "dubious reputation". The usual scheme "I have a lot of money - I can afford everything" in developed countries actually does not work ...

[btc78]

i don’t have enough information on your cousin but i know that monaco is an expensive country it has very high cost of living and is known for having the most luxurious lifestyle not to mention that it is also a tiny country which is why maybe they are strict with the people immigrating in their country

[AnonBitCoiner]

Traveling to abroad or foreign country is not that easy especially when you are not from that country or having any connections to that country make very difficult to go there. Let say my country are also facing difficulty to easily migrate to the next country for a better life but even as that we go through lots of stress to make sure we gain access, it's more easier for those going to study there.

Yes exactly there is not an ease to going abroad for a job because every country has different rules and regulations of hiring an employ and also we don't know that if we are going abroad what type of job will be offer to us. From our country most of the people travel to abroad due to minimum job opportunities here and as inflation is on top so here salaries are not enough to support a family.

For the purpose of studying one can easily migrate to other countries because they are going on scholarship and other thing is that they are treated well due to the reason that they are scholars. I think everyone wants to go abroad for living a satisfied life but everyone cannot afford to go there or some people can afford but they cannot do a job due to hardship so I think those can sustain who have interest.

[electronicash]

monaco is ffor the rich and well connected you mean? that place is for the elites in this world, they probably have a set of standards.
it must be true. if he doesn't have tons of money out there, he might find it difficult to live after a few years and this is based on the news and stories online. a simple dining based on what i have read costs $50.

but why choose a place where you will spend more in retirement when there are places where you can live comfortably with warm weather? at 60, chose warm countries.

[alastantiger]

There may be some good in this news.
Monaco may be nice but Monaco is very expensive to live in. Status matters for these guys but it doesn't guarantee a great life. There is always this constant pressure to measure up with the multimillionaires and billionaires there. Their luxury lifestyle, and all. It is like quiet bragging. Is this something your uncle can live up to? At age 60, does can he keep up?

If your uncle wants a cool, quiet, retirement life, he should try Thailand. There are a lot of expats there. Life is just as good there as it is in Monaco depending on how he chooses to look at it.

[Hamphser]

There may be some good in this news.
Monaco may be nice but Monaco is very expensive to live in. Status matters for these guys but it doesn't guarantee a great life. There is always this constant pressure to measure up with the multimillionaires and billionaires there. Their luxury lifestyle, and all. It is like quiet bragging. Is this something your uncle can live up to? At age 60, does can he keep up?

If your uncle wants a cool, quiet, retirement life, he should try Thailand. There are a lot of expats there. Life is just as good there as it is in Monaco depending on how he chooses to look at it.

If you do came from on a country on which you are a millionaire with your own local currency but ended up on being that a standard citizen when you do transfer or migrate into other place then this is where
currencies would really differ basing up on the value that it do have. I do able to read up those requirements before you would be considered to be a citizen of Monacco on which not all people would really be having  that kind of amount and also i dont see on why there are people who do really love to migrate into other places on which you would really be needing to adjust again on the environment plus on the said culture of that particular country on which for me even just thinking then i do really see the hassle thing on this one.

I do agree into those points on why there are applications that had been declined despite of having that complete requirement or able to pass up the checklist?
There would really be something an issue when it comes to that on which it would really be leaving out those kind of questions in mind on what the heck is happening.

[Dr.Bitcoin_Strange]

OP, oftentimes, you can actually make yourself feel comfortable in your country; you don't actually need to go and look for greener pastures in another country, while you can enjoy the freedom of things more in your country than in another man's country.

I am not saying that it's bad to travel out, but what I am saying is that in most countries, there are usually good places where you can enjoy life to the fullest; all you need is the money. There's a place you will travel to in my country; even if you tell people that you are overseas, they will believe you because of the nature of the environment. There is a saying that life is more enjoyable with a lot of money, and that's true. As long as you have the money to spend, you can actually find some other good place to live a good life.

[m2017]

After reading through the post and the title I don't seem to understand what is the essence of the post.

I was already beginning to think that it was only me who had a misunderstanding of what was written in this post above.

How does it relate to the board where you have just posted it ? And what exactly do you want people to talk about here?

You are in vain trying to find meaning in the post, when it is just whining about the injustice of the world.

I don't mean to be rude man but it's not what it! You should re-read your post and put yourself in people's shoe what will be your response to your own post.

OP himself showed rudeness by first writing (disrespect to those who will read this) and publishing such garbage without clearly formulated thoughts. The result was just a set of letters for the sake of a set of letters.