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.