BUSINESS IN MONACO
Starting a business in Monaco can be challenging which is why one must be well-prepared with competent advisers and professionals. We at Inimex are those professional, experienced advisers and can help you be on your way to setting up a successful business in the wonderful country of Monaco.
The following are the main types of businesses available to you.
SARL (Société à responsabilité limitée)
In order to establish this kind of business you must be at least two shareholders must be at least €15,000 in cash into an account in the principality where you will be given documentation in order to prove this. The liability is limited to what was contributed.
SAM (Société Anonyme Monégasque)
This kind of business also needs at least two shareholders that must contribute a share capital of at least€150,000 which is recorded in a notarized deed. The liability is limited to the amount contributed in most cases but directors are only liable for the performance of the mandate they have received. The official deed must be drawn up by a Monegasque notary, The Memorandum and Articles of Association are published in the journal of Monaco and are approved by the ministerial order. It should be noted that a SAM is governed by a Board.
SNC (Société en Nom Collectif)
This is a company that needs a minimum of two shareholders with no legal maximum where all shareholders must make a contribution of any amount, cash or skills and services. Only the cash contributions are taken into account in the share capital. All shareholders are indefinitely jointly and severally liable for company debts. The deed can be privately signed or notarized.
SCS (Société en commandite simple)
A company where there can be one of two types, active partners who are considered as trader and limited partners. There must be at least one of each type of partner but there is no maximum. All shareholders must make a contribution (no limit) whether it is in cash or skills and services but the cash contributions are the only ones that are taken into account in the share capital. Active partners are indefinitely jointly and severally liable but limited partners are only liable up to the amount of their contributions.
OUR SERVICES IN MONACO:
- Residence permit in Monaco for wealthy individual
- Residence permit in Monaco for entrepreneurs
- Set up a company, business and financial plans
- Assistance in: open a bank account in Monaco, medical insurance coverage, school registration for children, exchange of driver’s license, etc.
- Legal service in corporate, banking, immigration and administration law
- Renting / buying a property in Monaco
- Renewal of residence permits in Monaco
- Application for permanent residency in Monaco
- Application for Citizenship of Monaco
Start your immigration procedure with us.
If you request more information, do not hesitate to contact us.
Inimex Inc. (International Immigration Experts)