Monaco LP

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