Basic Principle



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Setting up a business or taking over an existing firm is challenging and requires careful preparation and support from competent advisors.

Obviously you can contact many independent advisors who will be ready to help you during the process, but take into consideration that their services are not free.

Once you contact the Monaco Welcome & Business Office you are entitled to get free advice and guidance from the exact same place where your application will be decided. Therefore it is always recommended to contact the Monaco Welcome & Business Office first to avoid unnecessary circles and high advisement fees.

The business section of the Prince’s Government’s Public Service offers assistance and advice to those setting up or taking over businesses, to help them achieve success.

Entrepreneurs need to be made aware of the conditions for entering and remaining in Monaco, how to set up a business, taxation, social security legislation and any State aid available.

The Principality offers you the possibility to operate your business from your home during the first two years. In some cases it is worth to consider it.

You also need to understand the official procedures to be followed during the course of the business’ existence, as well as their obligations. Key agreements relating to goodwill are also discussed.

First and foremost, entrepreneurs must be aware of the fundamental rule governing business relocation to Monaco – the fact that a licence must be obtained before initiating business activities.

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:

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Suggested Government sources

Gouvernement Princier

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

Institut Monégasque de la Statistique et des Études Économiques

9 rue du Gabian , 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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