Monaco: Types of Company
Société à Responsabilité Limitée
New legislation in 2007 modified the Civil Code, the Commercial Code, and various Sovereign Ordinances and Laws to introduce the societe a resposibilite limitee, or SARL.
The new SARL is intended to provide a limited liability vehicle to enable smaller entrepreneurs based in the Principality to operate more flexibly and at a lower cost. Flexibility will be provided by an easier method of registration of corporate documents (cutting out the requirement for expensive notarial deeds), and by allowing only one director.