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Company formation in Monaco
Comprehensive assistance in company formation, including banking services
How to form a company in Monaco
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Monaco and opening a bank account in Monaco
2
Payment of services
Payment of our services for company formation in Monaco and/or bank account assistance in Monaco
3
Company formation
We register a new company in Monaco for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to incorporating a company in Monaco
Dividend, interest and royalties wihtholding tax rate is 0%.
1. Founders that would like to register a company in Monaco can either be resident or non-resident in Monaco. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a company director in Monaco. It is not required to register a company in Monaco with a resident individual as one of its shareholders or directors.
3. One individual can register a company in Monaco and simultaneously be a shareholder and a director in this company if such company is registered as a S.a.r.l. (a limited liability company).
4. There is no requirement for creating substance in Monaco - no need to hire local employees or rent an office in order to establish a company in France or to conduct business in France.
5. Minimum share capital that is required to register a company in France as a S.a.r.l. (a limited liability company) is EUR 15,000.
6. Information about company founders, shareholders and directors after company registration in Monaco is complete is publicly available in the state corporate register.
7. We can help you register a company in Monaco remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Monaco for 1 day in order to open a corporate bank account.
2. A resident or a non-resident individual can be a company director in Monaco. It is not required to register a company in Monaco with a resident individual as one of its shareholders or directors.
3. One individual can register a company in Monaco and simultaneously be a shareholder and a director in this company if such company is registered as a S.a.r.l. (a limited liability company).
4. There is no requirement for creating substance in Monaco - no need to hire local employees or rent an office in order to establish a company in France or to conduct business in France.
5. Minimum share capital that is required to register a company in France as a S.a.r.l. (a limited liability company) is EUR 15,000.
6. Information about company founders, shareholders and directors after company registration in Monaco is complete is publicly available in the state corporate register.
7. We can help you register a company in Monaco remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Monaco for 1 day in order to open a corporate bank account.
Cost of services
Formation of a S.a.r.l.
Timeframe - 12 business days
Timeframe - 12 business days
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Advantages of forming a company in Monaco
Attractive business-environment
- Monaco has a diverse economy and more than 110 industries, including R&D, construction, banking sector and logistics
- Highly-developed infrastructure
- Open economy, no trading restrictions
- Low inflation rate
Stability and security
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax benefits
- No corporate income tax if 75% of annual turnover is received in Monaco
- Dividend, interest and royalties wihtholding tax rate is 0%
- No personal income tax
- Multiple double tax treaties
No foreign exchange controls
- Monaco joined the Euro area, which allows it to secure free capital transfer in any currency. Individuals and business-entities, either resident or non-resident in Monaco may open bank accounts in Monegasque banks in any currency
Ease of establishing and doing business
- 100% foreign ownership of a company is available
- Fast company formation in Monaco
More 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 main trade partner of Monaco are France and a few other EU states.
The population of the Principality of Monaco amounts to around 38,400 people.
The population of the Principality of Monaco amounts to around 38,400 people.
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 investors establish business in this jurisdiction for travel business, production of cosmetics, pharmaceutical products, perfume and textile.
Restricted for foreign entrepreneurs are the following sectors:
Restricted for foreign entrepreneurs are the following sectors:
- television, radio
- telecommunications
- postal services
- air transport.
- Corporate income tax - 0%, if more than 75% of the 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 a quarterly basis
- Personal income tax - 0%.
Apart from such traditional business entity types as a limited liability company (Société à Responsabilité Limitée - S.a.r.l.) and a public limited company (Société Anonyme Monégasque - SAM), corporate law in Monaco offers to establish a business as:
1. General partnership (Société en Nom Collectif - SNC)
2. Limited partnership (Société en Commandite Simple - SCS)
3. Partnership limited by shares (Société en Commandite par Actions - SCA)
To receive a detailed description of the company formation procedure in Monaco and information about documents necessary for company formation in Monaco please contact our experts.
1. General partnership (Société en Nom Collectif - SNC)
2. Limited partnership (Société en Commandite Simple - SCS)
3. Partnership limited by shares (Société en Commandite par Actions - SCA)
To receive a detailed description of the company formation procedure in Monaco and information about documents necessary for company formation in Monaco please contact our experts.
Send a request for company formation in Monaco
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Address:
128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
