Opening a bank account in Monaco

Banking system of Monaco is focused on the international level, and banks are characterized by loyalty to clients, so provision of services is carried out in different languages in many banks. You can open own personal or corporate account with a bank in Monaco with the help of lawyers from Law&Trust.

The main purpose of our specialists’ work is to simplify the procedure of account opening in Monaco for non-resident up to obtaining application from the client and transferring bank details of the account to him. The cost of services is calculated based on the scope of our work, as well as additional requests from the client.

Detailed information about all services and, in particular, opening of accounts in Monaco is provided by phone or in interactive chat.

Banks of Monaco: which bank to select in order to open account?

The partner of our company in the country is Compagnie Monegasque de Banque. The bank has good business reputation and is characterized by high level of service. The financial institution is private one, and renders the whole range of banking services, as well as works with clients from all over the world.

Before submitting application for opening bank account in Monaco, you should consider certain terms, conditions and peculiarities of Compagnie Monegasque de Banque.

  1. The account is created for crediting of finances within 3 working days. If you need account for debiting of funds, it will be opened not earlier than within 7 days after applying.

  2. The policy of the bank involves the provision of recommendations.

  3. Personal presence is desirable for opening bank account in Monaco for non-resident. The bank has its representative office in Moscow, which simplifies the opening.

  4. There are no restrictions on translations.

What documents are needed to open bank account in Monaco for non-resident?

Among the standard list of documents for account opening in bank of Monaco for non-resident, there are the following: passport, documents confirming financial solvency of the client, CV, and description of activities. Companies and, in certain cases, natural persons are required to submit additional documents.

Monaco: list of banks
Name of the bank Account opening cost Founded
Compagnie Monegasque de Banque 790 USD 1976