Offshore company in Monaco

Michał Gawlak

Michał Gawlak

Partner / Attorney-at-law

General information

  • 0%
    Tax rate
  • 2 weeks
    Time of establishment of the company
  • 15 000€
    Minimum capital

Monaco is a European country located in southern France. The Principality’s economy based on services, tourism and real estate is flourishing, making Monaco one of the richest countries in the world, making it an attractive place to set up a company. Please note that Monaco is an elite jurisdiction – establishing a company is not a simple operation, it can take up to a year, and the royal administration carefully checks the shareholders of the future company. Trading with companies is forbidden.

What to keep in mind

Monaco is a particularly attractive jurisdiction for high-income individuals or companies planning to operate locally. Companies registered in Monaco with more than 25% of their income from abroad are taxed at 33%. Companies registered in Monaco, which conduct 100% of their business activity in Monaco, are not subject to taxation on profits.

Types of companies

The most common types of companies established in Monaco are SA (joint-stock company) and SARL (limited liability company). It is also possible to set up a SCS (limited partnership), SCA (limited joint-stock partnership), SNC (general partnership) or unlisted company.

Company registration procedure

Registration of the company:

  • Preparation of articles of association and company’s statute.
  • Registration of the company in the Registration Office in the Tax Services Department.
  • Payment to the account of the minimum capital.

Shareholders:

The number of shareholders is unlimited, whereas two shareholders are required to establish the company. Foreign shareholders are allowed

Management Board:

The management of the company is held by a director, who may be a shareholder or a third party.

Registered office:

The company must have a registered address in the territory of Monaco, which will appear on the company documents and postal data of the company. It is possible to use the services of a virtual office with a dedicated telephone number.

Time to set up a company:

The time of establishing a company is about 2 weeks.

Minimum capital:

The minimum capital is EUR 15,000 and is paid in full during the registration of the company.

Taxes and finances

Monaco’s tax regulations are very beneficial for individuals. In addition to French nationals who have to pay income tax in France, individuals are exempt from tax. Monaco also has a very favourable inheritance law. Corporate tax law is also beneficial, especially for local activities. In the latter case, companies are not subject to taxes on profits. In addition, they can engage in international activities and still not be taxed if these activities generate less than 25% of the company’s total revenue.

Accountancy

There is an obligation to keep accounts. An annual balance sheet and profit and loss account must be submitted to the relevant local authorities. Accounting rules are strict and required regardless of whether the company is taxable or not.

Bank account

Your company will have a multi-currency bank account with internet access to your account, VISA or ATM MasterCard credit card and all other standard payment methods.

Other information

Prestigious jurisdiction available only to the wealthy. A company in Monaco should be established by those of you who are planning to change the tax jurisdiction – i.e. the actual relocation to Monaco.

Do you want to establish an offshore company in Monaco?

Contact

Contact

Contact us by filling out the form at the bottom of the page.
Remember, the more information you provide us at the beginning of cooperation, the sooner we will be able to prepare an offer for you. If we deem it necessary due to the scope of the inquiry, we will offer you a paid consultation aimed at preparing an offer for you with elements of tax planning.

Payment

Payment

Choose the payment method – we accept transfers and payment by credit / debit card and blik.

The stage of collecting information necessary to establish a company

The stage of collecting information necessary to establish a company

After accepting our offer, we will send you a list of information and documents that we will need to establish a company for you quickly and efficiently. At this stage, our specialists will provide you with professional advice and experience enabling you to efficiently collect the required documents and information.

Receipt of company documents

Receipt of company documents

After registering the company, we will inform you about obtaining the documents – we can send them to you by courier, or arrange their collection at the office. If you have chosen the service of opening a bank account that requires personal appearance, our specialist will provide you with the company’s documents when assisting you in opening a bank account.

Featured expert

Michał Gawlak

Partner / Attorney-at-law

Are you interested?

    The purpose of establishing the company
    Initial consultation including structure optimization
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