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Monaco business entities

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 Unipersonelle à Reponsabilité Limitée (S.U.R.L.), a single-member SARL
  • 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
  • Société Civile de Moyens
  • Activité en Nom Personnel, a sole trader operation
  • Branches of foreign entities

Monaco SCI - Monaco SCP


The “société civile immobilière” (SCI), also exists in Monaco. It is more commonly known as the Monaco société civile particulière (the Monaco SCP).  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.

AML Obligations
As part of the fight against money laundering, the financing of terrorism and the transparency of legal entities, SARLs, SAMs, SCSs, SNCs and any other form of commercial company registered with the RCI are required to:
  • Update the register of beneficial owners,
  • Keep a register of the company's essential information, and
  • Appoint a person responsible for keeping the register of essential information and ensuring that the information on the register of beneficial owners is correct.
SCPs are also required to file annual returns.



Please contact us for assistance with the set up of Monaco companies which can be organised by a Rosemont International company licenced to undertake this work.


For more background information on the global move towards requirements for businesses to have Economic Substance where they are based please read our new article here.

 

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