Monaco business entities

The following Monaco business structures are available:
  • Société Anonyme Monégasque (S. A. M.), a limited liability company
  • Société à Responsabilité Limitée (S.A.R.L.), a limited liability company
  • Société en Nom Collectif (S.N.C.), a general partnership
  • Société en Commandite Simple (S.C.S.), a limited partnership
  • Société en Commandite par Actions (S.C.A.), a partnership limited by shares
  • Activité en Nom Personnel, a sole trader operation
  • Branches of foreign entities

The “société civile immobillière” (SCI), also exists in Monaco. This is a “civil” company, that is, not a commercial trading company, and as such it benefits from a special legal regime. Amongst other activities an SCI can buy, own and rent out unfurnished real estate.

The historic business tax rate of 33.33% used since 1993 will progressively decrease to 25%  on the following calendar:
  • 31% as of 1 January, 2019;
  • 28% as of 1 January, 2020;
  • 26,5% as of 1 January, 2021;
  • 25% as of 1 January, 2022.