:
registration of legal entity

Cost of registration The cost of the second year Number of Directors Corporate tax rates Payment of Charter Capital Financial statements
5240.00 EUR 2660.00 EUR 1 33.33% 15000.00 Yes

SARL company in Monaco

carlo-finansiellt-monaco-monteparadis-61362491_1.jpgThe Principality of Monaco is a diminutive state. It is associated with France by many people, because it shares border on land with France and it is washed by the Ligurian Sea. Despite quite a small area, above jurisdiction is one of the most densely populated in the world. It is a member of the UN, the OSCE, the Council of Europe, Interpol, UNESCO and WHO.

The form of government is a constitutional monarchy under the protectorate of France. The state is administratively divided into 4 districts.

The population of Monaco speaks French, Italian and English. Monegasque is also widespread in terms of teaching in educational institutions during several decades.

National currency of the principality is euro since 2002. 

The country can only partially be called an offshore zone. It has both classic features of offshore jurisdictions and specific requirements for the organization and conduct of activities within the state.

Is it possible to establish an offshore company in Monaco?

Monaco is among countries with preferential taxation regime. Therefore, an enterprise will not be considered as offshore one in fact.
There are the following organizational and legal forms of a company in the country:

  1. SARL.
  2. Societe Anonyme Monegasque (SAM).
  3. Branch of a foreign company.
  4. Partnerships with limited or unlimited liability.
  5. Trust enterprises.

There are no restrictions for joint-stock companies and partnerships only. There are particular rules for other organizational and legal forms. For example, in order to start its activities, SARL must have a minimum authorized capital on an account in a local bank and pay a one-percent tax rate on capital.

SARL Registration: Basic Rules

  1. The abbreviation SARL should be at the end of a name.
  2. There should be at least 2 founders, legal or national persons. Managing Director (CEO) should be only natural person. Directors and founders are not assigned with the status of a trader.
  3. Confirmation of the availability of initial capital by a certificate/statement from the bank.
  4. The charter and founding documents should be published in the Journal de Monaco.

Are you considering the offshore zones of Monaco? The country has preferential taxation system, and tax benefits make it possible to refer to a company in Monaco as an offshore company.

Prior to conclusion of the convention on taxes on commercial profits with France (1963), there was no direct tax in Monaco. If the profit of your enterprise on the territory of the state is 75% or more, your company will be exempt from paying income taxes.

Any registered firm in Monaco will be considered "domestic" one. According to current legislation, a non-resident enterprise can not be established in the country.

An offshore company in Monaco will not officially be considered as such. The SICCFIN department will check its activities for compliance with the legislation and transparency of financial transactions.

Why founders are interested in the offshore zones of Monaco

The state provides enterprises with tax incentives.

Any company is exempt from paying taxes for the first 2 years of activity. 

Property and real estate are not subject to tax. In Monaco, you do not need to pay a municipal tax.

Are there any offshore zones in Monaco? No. The state is suitable, as a rule, for experienced entrepreneurs, since, despite various tax breaks, the country has a rather high cost of living. Be ready to spend money, not just to multiply profits.

Our specialists can provide you with a legal advice on the requirements for companies in Monaco. A wide range of services is provided for maintenance of companies and registration of licenses.

Law&Trust International has more than 2500 clients worldwide! And they are confident of our reliability!

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General information
Square2.00
Population30 510.00
CapitalMonaco
State polityConstitutional monarchy
Telephone code377
locationWestern Europe
ClimateMediterranean with mild, wet winters and hot, dry summers; avg. maximum temperature (July) +24°; avg. minimum temperature (January) +8°
Literacy rate99.00%
Ethnic groupsFrench 47%, Monegasque 16%, Italian 16%, other 21%
National currencyEuro
USD exchange rate0.75
GDP per capita141
Official languageFrench
Credit ratingA
The judiciaryUnder the Constitution, the judicial power belongs to the Prince, which delegates its full local courts and tribunals. The judiciary includes magistrates, courts of first instance, appeal and cassation courts, the Supreme Court
Executive authorityGovernment Council, headed by the Minister of State
Legislative authoritiesPrince and the National Council (parliament), consisting of 18 deputies elected for five years by direct vote
Corporate information
Opportunity to purchase ready-made companiesНет
Legal systemCivil Law
The use of the Cyrillic alphabet in the nameНет
Local registered officeДа
Organizational and Legal FormsSOCIETE ANONYME MONEGASQUE (SAM) BRANCH SOCIETE EN NOM COLLECTIF SOCIETE EN COMMANDITE SIMPLE SOCIETE A RESPONSABILITE LIMITEE (SARL) TRUSTS FOUNDATION
Indication of BPA in the nameSOCIETE ANONYME MONEGASQUE, S.A.M.
Local registered agentДа
Shares and share capital
Standard currencyEuro
Information about the beneficiary is disclosed15000
The minimum amount of paid-in capital, nat. currency15000
The minimum amount of the issued capital15000
Bearer sharesНет
Terms of payment of the issued capitalWithin 3 years
Possibility to issue shares without par valueНет
Taxation
VATНет
Basic corporate tax rate33.33%
Capital gains taxНет
Currency controlНет
Corporate tax rates detailsWhen levied, the rate of business profits tax is 33.33%. Reduced rates apply to newly incorporated entities: a new trading entity less than 50% of whose share capital is held directly or indirectly by other companies pays a reduced rate of business profit
Stamp dutyНет
Director and Secretary
Minimum number of directors1
The requirement for residency directorsДа
Director of legal entities are allowedНет
The data reveals to the local agentДа
Data field to the public registryДа
The requirement for the presence of the SecretaryНет
Requirement to the residense of the SecretaryНет
Requirements to qualification of the SecretaryНет
Legal entity as the SecretaryНет
Shareholder and beneficiary
Minimum number of shareholders2
Data is entered in the public registerДа
Shareholders residency requirementНет
Information about the beneficiary is disclosedДа
Information may be disclosed to the local agentДа
Shareholders-legal entities are acceptableДа
Reporting
The requirement for filing reportsДа
Open access to reportsНет
Statutory auditНет
The requirement for filing Annual ReturnНет
Open access to the Annual ReturnНет
The requirement for reportsДа
Treaty on avoidance of double taxation (States which signed)12
Membership in the OECDНет
Is it offshore according to Russian legislationДа
Trademark Registration
TM Comprehensive Study TM Registration Request TM Registration Certificate Total
First Class Additional Class First Class Additional Class First Class Additional Class First Class Additional Class
220.00 N/A 570.00 90.00 0.00 0.00 790.00 EUR 84.00 EUR
«TRADEMARK» refers to «Wordmark», «Logo» or «Wordmark + Logo»

Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary.

В Монако пошлина на подачу заявления о регистрации торговой марки включает в себя 3 класса. После третьего класса будет применима дополнительная пошлина. Цены идут с расчетом на то, что в описании товара/услуги будет только сто слов. Если же описание будет длиннее нужно будет заплатить 35 USD за каждые новые сто слов. Сравнительная проверка проводиться только для словесной части Торговой Марки.
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