PRESENTATION
Monaco (also called Principality of Monaco) is a European state located in the Mediterranean Sea, to the south
from France.
It is a beacon jurisdiction whose economy is focused on services, luxury hotels and real estate.
It enjoys a prosperous situation and an excellent reputation among "foreign" entrepreneurs whothey want to develop their activity in Monegasque territory and individuals with high incomes.
SOCIETY CREATION
An activity can be carried out with different types of society, although the most frequently used are
SARL and SAM.
* Société à Responsabilité Limitée (SARL)
* Société Anonyme Monégasque (SAM)
* Société en Commandite par Actions (SCA)
* Société en Commandite Simple (SCS)
* Société en Nom Collectif (SNC)
To create a company in Monaco (carrying out an activity in that territory or abroad), it isIt is mandatory to request a prior administrative authorization from the Ministry of State.
• For craft, commercial, industrial and professional activities, there are no regulationsadditional specific.
The Ministry of State issues an authorization that allows you to exercise, only, the activityeconomic requested. In the event of a change in the type of activity, it is mandatory to carry out a new one
authorization request.
• For financial activities, banking and credit, insurance, accounting, architects, lawyers orbailiffs / notaries, medical activities, real estate agents, precious metals, etc., areadditional specific regulations apply.
The Ministry of State issues an authorization that allows these types of activity to be carried outeconomic when certain rules or particular conditions are met regarding the requirements onthe nationality of the leaders or managers, the powers of the Directorate, the legal form toadopt depending on the activity or the amount of the minimum capital that must be contributed at the timeof incorporation of the company.
TAXATION
• Tax on profits of 0%. If the company obtains 75% of its turnover in the Principality ofe Monaco, your profits will not be taxable.
Otherwise, it will be subject to the payment of 33.33%.
• A 0% income tax for foreign citizens (except French).
• There is no room tax or real estate tax.
• A 19.6% VAT and the possibility of intracommunity VAT