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Monaco: Types of Company

Société Anonyme Monégasque

The Societe Anonyme Monegasque (SAM) has the following characteristics:

  • The minimum share capital is EUR150,000;
  • Stamp duty of 1% is payable on the amount of issued share capital on incorporation;
  • Although by law a company secretary is not required a local office is nonetheless required prior to Government authorization being granted;
  • Audited annual accounts must be filed annually;
  • There must be at least two shareholders and two directors one of whom must be resident in Monaco; directors have to be shareholders in the company;
  • Bearer shares are permitted but they must be deposited with a local institution;
  • There are no re-domiciliation and migration provisions.

 

 

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