OpenAccountants/Monaco/Monaco Company Formation & Entity Choice

Monaco Company Formation & Entity Choice

Name: OpenAccountants MCP Server
Author: OpenAccountants

Source-cited draft: company formation & entity choice for Monaco (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.

Applicable period 2025Source-cited draft· Last updated Jun 25, 2026

Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.

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Key figures — Monaco, 2025

Every figure is drawn from this Tax Guide and cited to its source.

SARL (Societe a Responsabilite Limitee)

Private limited company; limited liability; managed by one or more managers (gerants); up to 50 partnersMonaco company law (SARL regime)

SARL minimum share capital

EUR 15,000, fully paid up at incorporationMonaco company law (SARL regime)

SAM (Societe Anonyme Monegasque)

Public limited company; board of at least 3 directors; mandatory statutory auditors (commissaires aux comptes)Monaco company law (SAM regime)

SAM minimum share capital

EUR 150,000, of which at least half paid up at incorporationMonaco company law (SAM regime)

Partnerships (SNC, SCS)

SNC = general partnership (all partners unlimited liability); SCS = limited partnership (general partners unlimited, limited partners capped at their investment); no fixed statutory minimum capitalMonaco company law (SNC / SCS regimes)

Government authorisation

Prior authorisation from the Direction de l'Expansion Economique is required before any commercial activity or incorporation; application includes a business plan and proof of founders' credentialsMonaco economic activity authorisation rules (Direction de l'Expansion Economique)

Statutes / notarisation

Articles of association must be drafted in French and executed before a Monaco notaryMonaco company law (incorporation formalities)

Capital deposit

Share capital must be deposited in a blocked account at a Monaco bank; a deposit certificate is required for registrationMonaco company law (incorporation formalities)

Commercial registration

Company is registered with the Repertoire du Commerce et de l'Industrie (RCI), Monaco's commercial registryMonaco company law (RCI registration)

Typical incorporation timeline

Approximately 4 to 6 months from file submission to RCI registration (driven by the authorisation review) (approx — varies by activity)Direction de l'Expansion Economique (authorisation process)

Annual compliance — accounts

Companies must keep statutory accounting records and file annual financial statements; SAMs require statutory auditorsMonaco company and accounting law

Annual compliance — tax filing

Companies within the ISB scope file an annual profits tax return within 3 months of year-end; VAT-registered businesses file CA3 returns monthly (approx — confirm ISB deadline)Sovereign Ordinance no. 3.152 of 19 March 1964; French Code general des impots (TVA)

Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.

The full Guide

Entity types and incorporation

SARL (Societe a Responsabilite Limitee) — Private limited company; limited liability; managed by one or more managers (gerants); up to 50 partners (Monaco company law (SARL regime))
SARL minimum share capital — EUR 15,000, fully paid up at incorporation EUR (Monaco company law (SARL regime))
SAM (Societe Anonyme Monegasque) — Public limited company; board of at least 3 directors; mandatory statutory auditors (commissaires aux comptes) (Monaco company law (SAM regime))
SAM minimum share capital — EUR 150,000, of which at least half paid up at incorporation EUR (Monaco company law (SAM regime))
Partnerships (SNC, SCS) — SNC = general partnership (all partners unlimited liability); SCS = limited partnership (general partners unlimited, limited partners capped at their investment); no fixed statutory minimum capital (Monaco company law (SNC / SCS regimes))
Government authorisation — Prior authorisation from the Direction de l'Expansion Economique is required before any commercial activity or incorporation; application includes a business plan and proof of founders' credentials (Monaco economic activity authorisation rules (Direction de l'Expansion Economique))
Statutes / notarisation — Articles of association must be drafted in French and executed before a Monaco notary (Monaco company law (incorporation formalities))
Capital deposit — Share capital must be deposited in a blocked account at a Monaco bank; a deposit certificate is required for registration (Monaco company law (incorporation formalities))
Commercial registration — Company is registered with the Repertoire du Commerce et de l'Industrie (RCI), Monaco's commercial registry (Monaco company law (RCI registration))
Typical incorporation timeline — Approximately 4 to 6 months from file submission to RCI registration (driven by the authorisation review) (approx — varies by activity) (Direction de l'Expansion Economique (authorisation process))
Annual compliance — accounts — Companies must keep statutory accounting records and file annual financial statements; SAMs require statutory auditors (Monaco company and accounting law)
Annual compliance — tax filing — Companies within the ISB scope file an annual profits tax return within 3 months of year-end; VAT-registered businesses file CA3 returns monthly (approx — confirm ISB deadline) (Sovereign Ordinance no. 3.152 of 19 March 1964; French Code general des impots (TVA))

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Entity types and incorporation

SARL (Societe a Responsabilite Limitee) — Private limited company; limited liability; managed by one or more managers (gerants); up to 50 partners (Monaco company law (SARL regime))

SARL minimum share capital — EUR 15,000, fully paid up at incorporation EUR (Monaco company law (SARL regime))

SAM (Societe Anonyme Monegasque) — Public limited company; board of at least 3 directors; mandatory statutory auditors (commissaires aux comptes) (Monaco company law (SAM regime))

SAM minimum share capital — EUR 150,000, of which at least half paid up at incorporation EUR (Monaco company law (SAM regime))

Partnerships (SNC, SCS) — SNC = general partnership (all partners unlimited liability); SCS = limited partnership (general partners unlimited, limited partners capped at their investment); no fixed statutory minimum capital (Monaco company law (SNC / SCS regimes))

Government authorisation — Prior authorisation from the Direction de l'Expansion Economique is required before any commercial activity or incorporation; application includes a business plan and proof of founders' credentials (Monaco economic activity authorisation rules (Direction de l'Expansion Economique))

Statutes / notarisation — Articles of association must be drafted in French and executed before a Monaco notary (Monaco company law (incorporation formalities))

Capital deposit — Share capital must be deposited in a blocked account at a Monaco bank; a deposit certificate is required for registration (Monaco company law (incorporation formalities))

Commercial registration — Company is registered with the Repertoire du Commerce et de l'Industrie (RCI), Monaco's commercial registry (Monaco company law (RCI registration))

Typical incorporation timeline — Approximately 4 to 6 months from file submission to RCI registration (driven by the authorisation review) (approx — varies by activity) (Direction de l'Expansion Economique (authorisation process))

Annual compliance — accounts — Companies must keep statutory accounting records and file annual financial statements; SAMs require statutory auditors (Monaco company and accounting law)

Annual compliance — tax filing — Companies within the ISB scope file an annual profits tax return within 3 months of year-end; VAT-registered businesses file CA3 returns monthly (approx — confirm ISB deadline) (Sovereign Ordinance no. 3.152 of 19 March 1964; French Code general des impots (TVA))