Lowtax Network

Back To Top

Monaco: Types of Company

Société Anonyme Monégasque

This page was last updated on 9 February 2021.

The société anonyme Monégasque (SAM) has the following characteristics:

  • Minimum share capital is €150,000;
  • 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.



Back to Monaco Index »