Opening and operating a business in the Principality of Monaco



Operating a business in the Principality of Monaco always involved extraordinary benefits and clear reasons, motivations. As we see it the top three reasons are Flexibility, Added values and of course Taxation.

Each one of them are worth even individually as reasons to relocate your business in Monaco, while you can be together with your loved ones. Utilizing these benefits you can easily improve your business and you can focus on further developments as well.

It is also very interesting to see how much change has been implemented in the last decade in Monaco ensuring more and more benefits for those well established people who are combining the joy of the luxurious quality lifestyle with the business potential that the Principality of Monaco offers.

However it is highly important to know that a Government authorization is required for any kind of business activity in the territory of the Principality of Monaco.

A few very important things to understand:

In the great public Monaco was always known as a Zero debt country, which makes and highlights the Principality of Monaco as an outstanding place in the European Monetary Zone (as well as all around the World).

From your perspective having your business in a Zero debt country also strengthens your positive image, your own PR value. People will automatically associate the exceptional wealth of the Principality with the image of your company. It is a great tool for highly positioning your company in the eye of your target group.

Monaco is also very committed to support the green environment, it is also a highly sustainable country. In order to provide a great example in June 2006 H.S.H. Prince Albert II established his foundation (Fondation Prince Albert II de Monaco) with the purpose to protect the environment and to encourage sustainable development.

But more importantly The Principlaity of Monaco is a competition ready country.

The competitive mind is both a tradition and a passion in Monaco. The competition is also in the air, it is enough just to observe the events at the Principality such as Tennis, Formula One, Boxing, Polo, Swimming, etc…

And beside all of the above mentioned what makes Monaco really unique for a business perspective is the fact that almost 80% of the residents are high profile decision makers and company owners with a well established business and financial background. Most of them are established ultra high net worth (UHNW) individuals, which means they have a minimum of 30 million Euro in assets.

Since Monaco is full with key players it is always easier to get the right contacts and the perfect ground for your business.

The names “Monaco” and “Monte-Carlo” are already well positioned marketing tools for those whore are ready to capitalise their potentials.

Having a company in the Principality of Monaco can be also considered as a door opener label, since most people immediately think about wealth and stability when they hear about a Monaco based company.

Do you have a question?

Please feel free to contact us or our trusted Financial advisor Rosemont Consulting.

Why Rosemont Consulting for financial advisory?

A unique combination of tax advisors, lawyers and accountants providing private client and corporate services.

CLICK HERE for contact information.

For further information we highly recommend you to contact the Monaco Welcome & Business Office.

You might like this as well

Living in Monaco

Comprehensive, objective and honest book about the Principality of Monaco and its living environment. The book Living in Monaco is also a professional relocation itinerary.

It is available for purchase in English at:

Living in Monaco

Living in Monaco book by Zsolt Szemerszky

The author Zsolt Szemerszky intended to hunt down the myth around Monaco and to go beyond gossips. Zsolt is also know by releasing Monaco’s first gourmand book. The Signature Dishes of the Principality of Monaco was launch last December 2016 as the number one release in wine pairing at allows gastronomy lovers to discover the excellence of the Principality of Monaco thanks to recipes and interviews with Executive Chefs who hold together over 50 Michelin stars.

However Living in Monaco is significantly different from his other books. It is not a travel book, it is an ultimate guideline to those who are aiming to get a glimpse about the real Monaco and who have the desire to relocate their personal or business life to the Principality.

The book explains the benefits of the relocation (both for private and business reasons), the life quality in the Principality, and reveals how can one capitalise the unseen treasures and business potentials of Monaco. The “Relocation and what it takes” chapter also explains all the tiny details, traps, tips and best practices while it offers a detailed overview of the administrative mechanism of the Principality.

One of the interesting part of the book is the second part which focuses on the people, the opportunities, and the traps in Monaco. It offers a first hand guidance to avoid to fell for the catchy workings and the illusions of luxury. Understanding the real-life examples one can truly enjoy the Principality with all its safety and protective legal systems for families and businesses.

The book is available for purchase in English at:

Suggested Government sources

Gouvernement Princier

23, avenue Albert II , Monte-Carlo, 98000 Monaco

Monaco Brands

31 avenue Princesse Grace L'Estoril, Monte-Carlo, 98000 Monaco

Service Public for Businesses

23, avenue Albert II , Monte-Carlo, 98000 Monaco

Service Public for Individuals

23, avenue Albert II , Monte-Carlo, 98000 Monaco

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