Valsen Corporate

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