The Monaco limited liability company can only be formed by foreigners with prior approval from the Monaco Government. While the minimum amount of paid-up capital of €15,000 is ten times less than the minimum level required for a SAM, this type of business entity is hence less frequently used by foreigners willing to do business from

Monaco. Foreign directors are also required to obtain authorization from the Government before their appointment is legally allowed.

Monaco Limited Liability Company Key Features

  1. Can be formed by a minimum of two shareholders
  2. Minimum capital of at least €15,000
  3. The owners must also appoint a minimum of two directors
  4. Monaco LLC are legally tax exempt provided that over 75% of their sales are made with Monaco residents
  5. If otherwise, they are subject to Monaco corporate income tax, at a standard rate of 33.3%.

Monaco Limited Liability Company Legal Requirements

Requirements

Description

General

  • Corporate  vehicle permitted

Monaco Company

  • Physical office in Monaco

No

Share capital or equivalent

  • Minimum paid up capital

€15,000

  • Minimum investors

None

Directors

  • Minimum number

2

  • Corporate directorship allowed

Yes

  • Local director required

Yes

Shareholders

  • Minimum number

1

  • Corporate shareholder allowed

Yes

  • Local shareholder required

No

Service Providers Required

  • Company Secretary

Yes

  • Auditors

Yes

Monaco LLC Tax Treatment

Monaco LLC are legally tax exempt provided that over 75% of their sales are made with Monaco residents. If otherwise, they are subject to Monaco corporate income tax, at a standard rate of 33.3%.

Monaco LLC Duration for set-up

4 Weeks

Distinctive Benefits of the Monaco LLC

  • There is no taxation of dividends in Monaco.
  • There is no taxation of capital gains in Monaco.
  • There is no withholding tax in Monaco.
  • Separate Legal Identity
  • Perpetual Existence

The Valsen Advantage

  1. End to end comprehensive service
  2. Speedy and efficient service
  3. Expert advice on structuring options
  4. Dedicated ongoing compliance support
  5. Extensive network pool of service providers