Eternity Law International News Company registration in Monaco

Company registration in Monaco

Published:
December 14, 2020

Registering an organization in Monaco means getting access to a variety of opportunities, including a residence permit. This jurisdiction has the following advantages:

  • since Monaco is one of the financial centers of the eurozone, business will be reliably protected, and customer information will be completely confidential;
  • favorable fiscal structure. The first three annual periods of operation of the company are tax-free;
  • there is no income tax and on real estate, property inherited;
  • the jurisdiction provides a large number of privileges for persons who permanently reside in the territory of the principality.

Income tax is not charged if the financial turnover of the company outside Monaco is not more than 25%.

Foreign persons who want to register a company there must do the following:

  • get a director. It is necessary that it be a resident of the principality;
  • create a local account;
  • rent or buy an office. The authorities strictly control this moment and constantly check the presence of an office;
  • pay tax from the capital when registering a company;
  • annually file balance sheet extracts, profit and loss list, audit.

You can register a company in the jurisdiction of the principality in one of the following options:

  • anonymous society is the most commonly used form, which is allowed to operate in different fields: commercial, financial, etc. Founders: 2+. Capital: from 150,000 euros.
  • limited liability company in relation to contributions. It is also a fairly common type among foreign investors. Capital: 15+ thousand euros. Such an enterprise is allowed to engage in commercial activity. Founders: 2+.
  • simple society. The liability of the founders is not limited, there are no capital requirements, since it is divided between the participants.
  • a company with simple management, as well as a joint-stock company, the members of which bear different responsibilities.

In addition, there is a separate type of organization in the principality that is not allowed to engage in economic activities. Such companies are created in order to manage real estate through them. The initial capital of such a company is equal to 2 thousand euros.

To open a business, you will need the following:

  • all documents must be certified by a local lawyer;
  • capital is confirmed by a certificate from the bank;
  • the corresponding amount is deposited in the account, and the fact of this is confirmed by a notary;
  • registration is paid;
  • the composition of the Board of Directors is determined and the responsibility of the managing persons is distributed;
  • Statute and documentation are submitted for approval.

As a result, the information that the new business has been registered should be published in the Journal de Monaco.

If you need to register a company in Monaco, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Monaco. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

You could be interested

Secure Your Trust License in Mauritius

The Republic of Mauritius is a state with a favorable and developed investment microclimate, which is conducive to doing business and creating companies in this jurisdiction. Some of the main reasons for setting up a business in Mauritius include the favorable tax system and free repatriation of profits for foreign entrepreneurs, as well as the...

ISO 50001: Energy Management

Energy consumption is a key metric for companies. Energy savings mean lower operating costs. Energy consumption also means reducing emissions and taking greater care of natural resources. These actions are highly significant for organizations seeking to follow and promote environmental management. Energy-intensive industries and other industries can significantly improve the energy efficiency of energy consumers...

Offshore company Barbados

The cost of registration 1 000.00 USD The cost of renewal 850.00 USD Number of Directors 1 Corporate tax 0.00% Paid up capital 0.00 Requirements for mandatory reporting No Barbados is a small island, with a total area of 450 square kilometers, located in the Eastern part of the Small Antilles ridge. Like many other...

Company Registration in Vancouver

Company Registration in Vancouver is the best option for creating any company in Canada. But if it were that simple, every second would be a successful businessman. Most of the new projects that they are trying to implement fail during the first year. In order to start embodying your business idea, you need to calculate...

Offshore company in Antigua

Registration cost 2 165.00 USD Company renewal cost USD 1,585.00 Directors number 1 Corporate tax 0.00% Registered share capital 0.00 Mandatory reporting requirements No Antigua is a small island state located in the Lesser Antilles. This charming and exotic country is becoming increasingly popular for offshore company registration. The island state’s tax and accounting policies...

Overview of a Luxembourg investment fund: main peculiarities

An EU member-state, Luxembοurg is an essential hub with a highly developed regime for investments. With over EUR 5,5 billion in managed net assets, the jurisdiction is the biggest financial hub in the EU and the world’s 2nd ranked after the USA. This is the world’s biggest distribution hub for mutual contribution schemes, with its...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

Washington

1629 K St. Suite 300 N.W.

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista
Calls are made only from Portugal

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7