Monaco General Business Corporation

The General Business Corporation, locally known as a Societe d’Affaires Monegasque, can be formed by a minimum of two shareholders, investing at least €150,000 in the capital of the company. This amount must be fully paid-up before company incorporation in Monaco. The owners must also appoint a minimum of two directors, who can be foreigners residing outside of Monaco and both individuals or corporate entities; Monaco SAMs 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%. All Monaco companies are however required to register for VAT and apply that tax on their local and French sales.
Monaco General Business Corporation Key Features

1. Can be formed by a minimum of two shareholders
2. Minimum capital of at least €150,000
3. The owners must also appoint a minimum of two directors
4. Monaco SAMs 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 General Business Corporation Legal Requirements

Requirements	Description
General
Corporate  vehicle permitted	Monaco Company
Physical office in Monaco	No
Share capital or equivalent
Minimum paid up capital	€150,000
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 GBC Tax Treatment
Monaco SAMs 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 GBC Duration for set-up
2 Weeks
Distinctive Benefits of the Monaco GBC

• 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