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Monaco Business, Taxation and Offshore Information

Monaco Business, Taxation and Offshore Information

Monaco is a coastal mini-state with an area of less than 2km2 of the French Riviera. Out of a population of 39,200 (April 2020 estimate), only about 16% are native Monégasque. Monaco is well connected by air from Nice airport, by rail and by road.

The Grimaldi family has ruled since 1297, under the protection of France and various other countries. The 1963 treaty with France created a monetary union, confirmed a constitutional monarchy with French responsibility for external affairs, and subjected most French residents in Monaco to tax. Prince Albert II is the equivalent to a chief executive of the elected council, which has little power. Monaco has adopted the euro, has a civil code judicial system and its official language is French.

With its economy largely based on banking, tourism and high-tech light industry, Monaco has no desire to be a tax haven and has no 'offshore' sector as such. Like other continental states, Monaco’s procedures tend to be bureaucratic and cumbersome for international businesses. More »

 

Monaco Knowledge Base

Monaco: Country and Foreign Investment
A quick overview of Monaco - its history, geography, and business advantages.
Monaco Executive Summary »
Monaco Geography »
Monaco Population, Language and Culture »
Monaco Government »
Monaco Economy and Currency »
Monaco Entry and Residence »
Monaco Business Environment »
Monaco Import of Foreign Capital »
Monaco Investment Incentive Schemes »

Monaco: Types of Company
A look at various types of company in Monaco, providing options to suit different business needs.
Monaco Company Introduction »
Monaco Société Anonyme Monégasque »
Monaco Branch »
Monaco Société en Nom Collectif »
Monaco Société en Commandite Simple »
Monaco Société à Responsabilité Limitée »
Monaco Trusts »
Monaco Foundation »

Monaco: Offshore Business Sectors
The key sectors of Monaco's offshore economy.
Monaco Offshore Business Introduction »
Monaco Banking »

Monaco: E-Commerce
A description of how e-commerce operations are enabled in Monaco, and how the offshore tax regime can best be utilised for e-commerce.
Monaco E-Commerce Introduction »
Monaco Offshore Activities »

Monaco: Offshore Legal and Tax Regimes
This section looks at available offshore operations in Monaco and the criterion required for obtaining offshore tax status.
Monaco Offshore Introduction »
Monaco Corporate Fees »
Monaco Taxation of Foreign Employees of Offshore Operations »
Monaco Exchange Controls »
Monaco Offshore Operations »
Monaco Employment and Residence »

Monaco: Law of Offshore
A hub for information about the main laws and statutes affecting offshore and non-resident businesses in Monaco.
Monaco Table of Statutes »
Monaco Trust Law »

Monaco: Labour Regulation
An analysis of employment law, industrial relations, and social security schemes in Monaco.
Monaco Regulatory Environment »
Monaco Work Permits »

Monaco: Domestic Corporate Taxation
A guide detailing the scope and rate of taxes affecting companies in Monaco.
Monaco Scope of Income Tax »
Monaco Income Tax Rates »
Monaco Calculation of Taxable Base »
Monaco Filing Requirements and Payment of Tax »

Monaco: Personal Taxation
An overview of applicable taxes for individuals in Monaco.
Monaco Residence and Liability for Taxation »
Monaco Social Security Taxes »
Monaco Stamp Duty »
Monaco Inheritance and Gift Taxes »
Monaco Value Added Tax »

Monaco: Double Tax Treaties
Treaties and international agreements that Monaco has in place, to mitigate the effects of double taxation.
Monaco Tax Treaty Introduction »
Monaco Other International Treaties »

Monaco: Related Information
Other useful information pertinent to Monaco.
Map of Monaco »