Phone: +44 20 3807 0556
Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in Monaco
Company incorporation, bank accounts, accounting services in Monaco
Registration packages
Services
Essential
Standard
Premium
Company registration (S.a.r.l.)
Annual registered address
Notary services and company seal
Corporate bank account
Accounting services
Start your company in Monaco
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How you can register a company in Monaco with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Monaco
The Principality of Monaco is located in Western Europe and has a territory of just 2,02 square kilometers. Monaco borders France and has access to the Mediterranean Sea. The Principality of Monaco has a population of 38,400 people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 0%, if more than 75% of annual turnover is received in Monaco or if a new company conducts business for the first 2 years, otherwise the standard tax rate is 26.5%. Tax returns are filed on an annual basis. Advance income tax payments are made on a quarterly basis
- Dividend withholding tax - 0%
- Interest withholding tax - 0%
- Royalties withholding tax - 0%
- Capital gains tax - Standard tax rate 26.5%
- VAT - Standard tax rate 20% or reduced rates from 2,1% up to 10%. Tax returns are filed on a monthly or on a quarterly basis
- Personal income tax - 0%.
The following are the most common types of companies to incorporate a company in Monaco as:
- Limited liability company (Société à Responsabilité Limitée - S.a.r.l.)
- Public limited company (Société Anonyme Monégasque - S.A.M)
- General partnership (Société en Nom Collectif - S.N.C.)
- Limited partnership (Société en Commandite Simple - S.C.S.)
- Partnership limited by shares (Société en Commandite par Actions - S.C.A.)
- European company (Societas Europaea)
- Branch office (Succursale).
- Individuals or legal entities that are intending to register a company in Monaco can be resident or non-resident in Monaco.
- A resident or a non-resident individual can be a company director in Monaco. It is not required to set up a company in Monaco with a resident individual as one of its shareholders or directors.
- At least 2 shareholders are required in order to register a company in Monaco if such company is incorporated as a S.a.r.l. (a limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Monaco in order to establish a company in Monaco or to conduct business in the country.
- Minimum share capital that is required in order to start a company in Monaco as a S.a.r.l. (a limited liability company) is EUR 15,000.
- S.a.r.l. registration takes between 10 and 15 business days with the bank account taking up to 5 business days.
- Details of company founders, shareholders and directors after company registration in Monaco is complete is publicly available in the state corporate register.
- With our service you can register a company in Monaco remotely upon a power of attorney.
Official currency of Monaco is euro (EUR).
Monaco's GDP in 2018 grew by 3,4% and amounted to USD 6,4 billion.
Monaco is a banking center and has a diversified economy, the major part of which is service sector and medium manufacturing. 1/3 of Monaco's GDP are 2 sectors: scientific and technical research, administrative and ancillary services, as well as financial and insurance services. Real estate sector amounts to around 8,4% of Monaco's GDP and has become another major part of GDP in the previous years.
Monaco's GDP in 2018 grew by 3,4% and amounted to USD 6,4 billion.
Monaco is a banking center and has a diversified economy, the major part of which is service sector and medium manufacturing. 1/3 of Monaco's GDP are 2 sectors: scientific and technical research, administrative and ancillary services, as well as financial and insurance services. Real estate sector amounts to around 8,4% of Monaco's GDP and has become another major part of GDP in the previous years.
Foreign entrepreneurs expand to Monaco and seek to incorporate a company in Monaco in order to conduct business in the following sectors:
- wholesale and retail trade
- food industry
- restaurant business
- IT
- financial services
- pharmaceutical production
- tourism
- real estate services.
Benefits of registering a company in Monaco
Business climate
- Monaco has a diverse economy and more than 110 industries, including R&D, construction, banking sector and logistics
- Access to EU markets
- Access to the Mediterranean Sea allows to establish maritime trade
- Open economy
- Highly-developed infrastructure
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives
- No corporate income tax if more than 75% of the annual turnover is received in Monaco
- No withholding taxation
- No personal income tax
- Tax incentive for R&D
- Double tax treaties with several jurisdictions
Ease of doing business
- No foreign exchange controls
Register your company in Monaco
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