Why Choose Monaco for Company Setup?

Monaco offers a compelling business climate that combines low taxation, robust infrastructure, and a strong reputation for financial stability. While it is not a traditional offshore haven, its taxation system, especially for non-resident companies, positions Monaco as an attractive jurisdiction. Company setup in Monaco is legal and transparent, also efficient and business-friendly.

The principality’s zero personal income tax, along with favorable corporate tax policies, adds to its allure. While the standard corporate income tax (CIT) rate is 25%, newly formed businesses may benefit from exemptions in the first two fiscal years. Moreover, Monaco’s 20% value-added tax (VAT) is harmonized with EU norms, ensuring seamless business operations within the European market.

Who Can Register a Business in Monaco?

Company setup in Monaco is open to both residents and non-residents, subject to regulatory approval. However, there are specific criteria that must be met:

• Shareholders: A minimum of two shareholders is required. These can be individuals or legal entities.
• Director/Manager: At least one director (gérant) must reside in Monaco or in the adjacent PACA (Provence-Alpes-Côte d’Azur) region.
• Registered Office: Every business must have a physical address in Monaco.
• Capital Requirements: For a Limited Liability Company (SARL), the minimum share capital is €15,000.

Manimama Law Firm assists clients in meeting these conditions by providing local directors, registered addresses, and legal structuring support.

Key Steps in the Company Setup Process

The Monaco company setup process is divided into several well-defined stages:

1. Initial Assessment:
   • Evaluation of the project;
   • Preparation of necessary documentation.
2. Regulatory Approvals:
   • Application for authorization to engage in commercial activity;
   • Declaration of business activity to local authorities.
3. Incorporation:
   • Drafting and signing the Memorandum and Articles of Association;
   • Registration with the Monaco Register of Trade and Industry;
   • Acquisition of the Statistical Identification Number (NIS);
   • Tax registration and enrollment with CAMTI-CARTI (social insurance funds).

Manimama Law Firm ensures that each of these steps is handled professionally, minimizing delays and avoiding regulatory pitfalls.

Tax Advantages and Legal Obligations

Although Monaco does not levy personal income tax, businesses must comply with corporate obligations:

• Corporate Income Tax: 25% for entities conducting more than 25% of their business outside Monaco
• VAT: 20% standard rate, applied similarly to EU countries
• Accounting: Mandatory financial reporting and bookkeeping
• Social Security: Registration of managers and employees with Monaco’s social security institutions

Double taxation agreements with countries like Luxembourg, Malta, and the UAE further support international business operations. This adds another layer of protection and strategic benefit for foreign entrepreneurs.

Why Partner with Manimama for Monaco Company Setup?

Manimama Law Firm stands out as a trusted legal advisor for Monaco company setup due to its:

• Expertise in Monaco Regulations: Deep understanding of the local legal framework.
• End-to-End Support: From legal opinion to post-registration compliance.
• Custom Solutions: Tailored approaches for start-ups, crypto firms, and international entities.
• Strong Local Network: Partnerships with banks, notaries, and government institutions.
• Ongoing Compliance Management: Assistance with VAT registration, accounting, and more.

Our results-driven approach ensures that your Monaco company setup aligns with your business objectives from day one.

As conclusion

Monaco offers one of the most favorable environments for global entrepreneurs aiming for security, low taxation, and seamless EU access. With its structured process and clear legal requirements, Monaco company setup is a strategic choice for those looking to establish a resilient and reputable international business.

Choosing the right partner is crucial. Manimama Law Firm provides the legal clarity, regulatory navigation, and local expertise needed to register your business in Monaco successfully. Whether you’re a fintech startup or a multinational firm, we ensure that your company setup in Monaco is executed flawlessly and with confidence.

Our contacts

If you want to become our client or partner, feel free to contact us at support@manimama.eu.

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The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.