Monaco: Types of Company
Société à Responsabilité Limitée
This page was last updated on 18 February 2021.
The Monégasque SARL, which translates as ‘limited liability company’, is intended to provide a limited liability vehicle to enable smaller entrepreneurs based in Monaco to operate more flexibly and at a lower cost. Flexibility is provided by an easier method of registration of corporate documents (cutting out the requirement for expensive notarial deeds), and by only allowing one director.
Foreign nationals may own all a SARL’s shares. During the first two years of the SARL, a tax exemption applies. The minimum share capital is €15,000.
A SARL must engage in commercial activities, which means that holding companies and other passive business forms may not adopt this corporate form. A minimum of two shareholders is required.