Starting a Business in Monaco

Starting a Business in Monaco: Who Can Do It and How to Get Started

Setting up a company in the Principality of Monaco attracts many entrepreneurs thanks to its economic, tax, and geographic advantages. However, before getting started, it is essential to understand who is eligible to start a business in Monaco and what steps are required to establish a business there.

Who Is Allowed to Start a Business in Monaco?

Whether you're a Monegasque, a resident, or a foreigner, anyone can start a business — provided certain conditions are met:

• Nationality and Residency:
  You don’t need to be Monegasque to start a business in the Principality. However, non-residents must obtain a business license issued by the Monegasque government.
• Qualifications and Experience:
  Specific professions (healthcare, security, etc.) may require professional qualifications or relevant diplomas.
• Appropriate Legal Structure:
  Choosing the right legal form is crucial. The structure must suit your project. Monaco offers several options, including SARL, SNC, SCS, SAM, and ANP.
  👉 For more details on these requirements, the official portal monentreprise.gouv.mc offers a comprehensive guide.
  
  

What Are the Steps to Register a Business in Monaco?

1. Apply for a Business License
   Any commercial, craft, or industrial activity requires prior authorization. This license is granted upon submission of a complete application, including supporting documents and a description of the planned activity.
2. Provide a Business Address
   Every company must have a physical or commercial address in Monaco. This step is mandatory for final registration.
3. Draft the Articles of Association
   These documents define how the business will operate. They must comply with local laws and be carefully prepared.
4. Register with the Trade and Industry Registry (RCI)
   Once the license is granted and the articles of association are submitted, the business must be registered with the RCI to legally exist.
   
   

Can You Start a Business in Monaco Without Living There?

Yes, the Principality allows non-residents to start a business, provided they follow a specific process:

• Apply for a Business License:
  The application must include a criminal record extract, proof of address, and a structured business plan.
• Proceed with the Usual Steps:
  Once the license is granted, the rest of the process is similar to the one of residents.
  
  

Why Start a Business in Monaco?

Setting up a company in Monaco offers many advantages:

• Competitive Tax System:
  Corporate tax exemption applies if 75% of the company’s turnover is generated within Monaco.
• A Stable and Secure Environment:
  Politically, economically, and legally, Monaco provides an ideal climate for entrepreneurship.
• Global Reach:
  The Principality is a hub for international investors, thanks to its strategic location in Europe.
  
  

Need Help Getting Started?

Starting a business in Monaco is a demanding process that requires precision and guidance.
📞 Contact One Business Office for tailored advice and personalized support at every stage of your entrepreneurial journey.