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When you do business in Monaco, you join a dynamic economy, both at the local and international levels, whilst enjoying a stable environment.

Monegasque economic operators are from very diverse sectors:  from manufacturing to financial and services business lines including high technology, shipping, pharmaceutical laboratories, etc.

The Monegasque Accountant is a key partner for your project in the Principality.

Any business start-up is subject to authorisation from the Monegasque Government.  For this purpose a reasoned request must be submitted to the authorities.
The Monegasque Accountant is your key contact person both for preparing and for submitting this application.

He is indeed better positioned to advise the entrepreneur on the most suitable legal form for his project taking into account taxation considerations (local and international) as well as his needs in terms of social security cover.

The following legal structures can be used for setting up in Monaco:
• sole partnership.
• companies: the main legal forms are:

Type of company Minimum number of shareholders Minimum capital Minimum number of directors
General Partnership 2 15 000 € 1
Limited Partnership 2 15 000 € 1
Private limited company 2 15 000 € 1
Public limited company 2 150 000 € 2

• Administrative offices, branches: it is also possible to open administrative offices or branches in the Principality depending on the specific needs of foreign companies or groups.

The Monegasque Government supports businesses through incentives such as:
• Exemption from taxes on profit for new businesses (subject to conditions);
• Exemption from social contributions for job creation;
• Research Tax Credit;
• Industrial subsidies;
• Refund of costs of shows and fairs...

The Accountant remains a key multi-disciplinary contact person for economic operators.

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