Limited partnership in Monaco is an entity with two categories of owners: i) general partners and ii) limited partners. One or more limited partners carry limited liability, while one or more general partners carry unlimited liability. Limited partners also benefit from greater confidentiality with no requirement for disclosure of information to third parties or the Trade and Industry Register.

Monaco Limited Partnerships 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 LP 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 Partnerships 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 LP Tax Treatment

Monaco LP 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 LP Duration for set-up

4 Weeks

Distinctive Benefits of the Monaco LP

  • 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