Prestige at the highest level, the most closed clubs in the world, exclusive VIP service — this is how professional companies operate in the Principality of Monaco, which for many years has attracted the most successful and richest people to its shores.
The Principality of Monaco (Principauté de Monaco) is a dwarf state in southern Europe with access to the Ligurian Sea.
The Principality of Monaco is a member of many different international communities: the UN, UNESCO, the Council of Europe.
In terms of economic development, the zone itself is favorable for business and company registration. However, the service can cost an order of magnitude higher than in other European countries with preferential taxation.
Since 2002, the Euro has been recognized as the national currency.
Is Monaco an offshore zone?
Monaco is an offshore zone only in part. In addition to the classic offshore properties, there are benefits for running a company within the state.
Types of companies to register in Monaco
There are several types of companies that can be registered in the jurisdiction:
- SARL
- SAM — Society of Shareholders
- Limited / unlimited partnership
- Branch of a foreign company
- Trust
SARL registration step by step
Since this form of the company is the most common today, it is worth paying special attention to the process of registering it.
- SARL abbreviation at the end of the name
- Number of founders: minimum 2 persons
- Confirmation of the availability of start-up capital
Features of the functioning of the company in Monaco
- each company is considered “home”
- if the company’s profit exceeds 75%, you are exempt from income tax
- the state provides significant tax incentives and bonuses to founders
- for the first 2 years the company is exempt from paying taxes
- real estate and property are not taxed
The cost of opening a company
Despite a number of benefits for business, Monaco is suitable for already experienced entrepreneurs, primarily due to high prices for accommodation. The costs are usually quite significant.
The exact amount of company registration will depend on the chosen form of ownership and the scope of economic activity. Contact us and we will provide you with accurate estimates.
