Monaco: Types of Company
This page was last updated on 18 February 2021.
A foreign company wishing to operate as a branch in Monaco must obtain authorisation, which involves submission of corporate documents, three years' worth of audited accounts, a statement of business intentions, evidence of available premises and evidence of adequate funds. Licences are normally issued for up to three years and are not necessarily renewed automatically.
Branches of foreign companies are only taxed if 25% or more of the company’s sales are made outside Monaco. The tax rate is then 33.33%. It might be a better plan to find a Monégasque manager who is not taxed, rather than to set up officially.