A new law came into effect in July 31, 2019, making it mandatory for newcomers holding a foreigh driving license to apply for a Monegasque license (€80) within a year of acquiring residency in Monaco. After this 12-month period, the foreign license will be deemed invalid for driving in the Principality.
The state now allows an exchange of a foreign driver’s license from more than 120 countries (search Arrêté Ministériel n° 2019-638 at journaldemonaco.gouv.mc) and a request can be made directly from the Driver and Vehicle Licensing Office (DVLO) provided that a licence is still valid and has been obtained from a practical driving test.
An exchange is still possible after the one-year deadline but the DVLO requires a driving assessment by one of their Driving License and Road Safety Inspectors. In this case, drivers will have to enroll at a Monaco driving school for a minimum of 3 hours in-car instruction and take a 45-minute driving test.
New residents with a foreign driving license not recognized as part of Monaco’s exchange scheme will have to sign up at a local driving school to take theory and practical tests necessary to obtain a Monegasque license.
Don’t even think about driving with an invalid license: the government communication’s department affirms that the penalty is more severe than the €63 late fee indicated on the DVLO website.