If it isn’t apparent by now, being in the luxury real estate 
world on the French Riviera for over a decade, I am more than a little 
obsessed with properties in the region (including Monaco) both historic 
and brand new.
Being Canadian means that most of my 
clients are North American, mainly from the USA. Whether renting a 
luxury villa rental or buying a primary or secondary home comes with a 
lot of questions and confirmations on how the real estate world works in
 France.
The main question for those interested in real estate here is, “If
 I buy a property, will that entitle me to an automatic visa?” The short
 answer is no, that it doesn’t. Of course, you can 
still visit your property if you are coming from North America, there is
 the 90/180-day rule as a tourist. Meaning, that under the terms of 
Schengen, non-EEA nationals cannot spend more than a total of 90 days 
within a total period of 180 days without a visa. Furthermore, once 
you've used up your quota of 90 days, you cannot return to Schengen 
until 90 more days have passed.
But there are 200 
visas one can apply for to suit your lifestyle, some for a year or more 
with extensions depending on an individual’s circumstances.
The second question I get is, “How easy is it for an American to get a mortgage?”
Americans
 can get a French mortgage under some circumstances, but it is extremely
 difficult. The 'Foreign Account Tax Compliance Act' (FATCA) is part of 
the US tax code and was introduced in 2014 to help counter tax evasion. 
French banks find the cost of complying with this to be prohibitive.
But, here is some good news on that subject.
As a foreigner, depending on the country clients come from, 
this can be difficult to navigate as the rules in France and Monaco to 
obtain a mortgage are (as with any country) completely different 
compared to what a client might be familiar with in their homeland. 
This past summer I met with the owners of Amberlake Partners, a fully authorized wealth management company based in Monaco. 
Co-founded by Michael Fiorentini and Jagdeep Kapoor, Amberlake 
Partners is led by individuals with extensive experience in banking, 
real estate investment, and financial services. Michael's background 
includes over 14 years of experience in banking, while Jagdeep has over 
21 years of experience in real estate investment in Europe. With
 this being Monaco, there are any number of wealth management offices, 
but what sets this firm apart from the others is their experience that 
comes from listening to their client's needs, while proactively acting 
upon their requests using their knowledge about their industry while 
offering diverse and comprehensive solutions. 
They 
guide clients through the Structured Products universe, assist in 
constructing portfolios that align with individual investment profiles, 
help integrate an ESG portfolio allocation, consider alternatives like 
Real Estate, Private Equity, and Hedge Funds, and assist with banking 
needs such as account opening, financing, order placement, and account 
consolidation. 
With an in-house methodology, 
Amberlake Partners provides an alternative to traditional investment 
approaches, giving clients access to original investment ideas.
 
Their 
focus on true open architecture aims to reduce costs across investment 
portfolios, maximizing returns for their clients. Drawing on their 
experience in the financial services industry, they conduct business 
with the utmost confidentiality, using proprietary tools to help clients
 track and understand their investments continuously.
One of the many things that immediately caught my attention 
with this wealth management company is that since most of my clients are
 from North America, from time to time, there can be issues when trying 
to obtain a mortgage for a local property purchase. 
That
 problem though has now been solved thanks to the initiative taken as 
Amberlake Partners have recently been granted a license from the U.S. 
Securities and Exchange Commission (SEC) as a Foreign Registered 
Investment Advisor (RIA).
This significant achievement makes Amberlake Partners the first 
wealth management firm in Monaco to acquire this status which definitely
 makes them stand out and above the rest.
Until now, US 
individuals have faced challenges when it comes to securing loans from 
private banks for the purchase of luxury residences in France. The 
reason? The lack of an investment manager authorized to invest the 
collateral of their loans.
Amberlake Partners, with their new SEC license, is now able to 
bridge this gap. Since they can provide investment advisory services to 
US persons, which can enhance their financial power and facilitate their
 property acquisition journey in France.This is a 
total game-changer for those of us in the real estate industry in France
 and Monaco as it helps make the property process quicker, easier, and 
more direct for our US clientele base.
Their
 approach begins with a free-of-cost analysis and planning phase, 
followed by the signature of an advisory mandate, investment proposals, 
cooperation with private banks, and continuous follow-up. They are there
 every step of the way, ensuring a smooth and efficient investment 
process. 
But best of all, Amberlake Partners is 
completely LGBTQ+ friendly. To them, it’s about having the person’s 
financial planning needs met without having to navigate what you can 
disclose and without fear of being turned away.
At Experience The French Riviera, we are pleased to be able to 
have Amberlake Partners as part of our extensive network of partnerships
 in France and Monaco to help assist our clients.