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?

Monaco Wealth Management is working with the some of the most experienced advisors in the Principality of Monaco.

Since 2010 we gained a member base of 9,000 Monaco residents, and our trusted partner, VK*P business advisors have over 3,000 people informed and guided on business and residency matters. If you have any questions about Monaco residency, business formation or business development we are happy to assist you in English, French, Italian and Spanish. Please feel free to contact us.

E-mail: hello@vkp.mc

Website: http://vkp.mc

Networking for UHNW Industry Leaders

The UHNW Business Club by Monaco Wealth Management brings together leaders in the HNW and UHNW industry for the purpose of expanding and growing key relationships within this niche market.

UHNW Business Club is running exclusive bespoke networking events designed to connect, educate and expand global business relationships.

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Join today

To become a member of the UHNW Business Club, we charge an annual membership application of €599.00.

UHNW Business Leaders Networking Evening in London, UK (22 January 2020)

Join us for a wonderful evening at the exclusive Vault Bar and connect with leaders from the UHNW industry from Monaco and London.

22 January 2020 (Wednesday)
18:30 - 21:00
The Vault, Revolution Bars
London, UK

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Partner event:

Live demonstration of the YAMBA platform and a case study on Walt Disney's data transformation.

28 January 2020 (Tuesday)
18:00 - 19:30
CREM (Foreign Residents' Club of Monaco)
1, Avenue Princesse Grace
98000 Monaco

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UHNW Business Club Evening in Monte-Carlo, Monaco (17 April 2020)

Welcome to Monte-Carlo. Join UHNW industry leaders and UHNW business owners for an interactive networking evening in Monaco.

17 April 2020 (Friday)
17:30 - 21:00
TV Art Live Gallery
Rue du Berceau
98000 Monaco

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Interested to learn more about the Principality of Monaco?

Monaco: The Essential Relocation Guide

“Monaco: The Essential Relocation Guide” This comprehensive book is dedicated to all current and future residents of the Principality of Monaco.

In this book, contributing authors André C Perry, Charlotte Easterbrook and Zsolt Szemerszky have compiled the most important and vital information required to help guide you through the process of relocating to the Principality of Monaco. Being independent experts, they also spiced up the chapters with their personal knowledge on the relocation process to create this in-depth and essential relocation guide.

Living in Monaco

Living in Monaco book is a professional relocation itinerary written by Zsolt Szemerszky.

A comprehensive, objective and brutally honest book about the Principality of Monaco and its living environment. The author intended to hunt down the myth around Monaco and to go beyond gossips.

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.

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