Principality
of Monaco

Are you considering moving your residence to the Principality of Monaco?

To protect your Family and your wealth, it is necessary to anticipate the issues at stake and identify the restructuring options needed to meet your objectives and wishes regarding the ownership and transfer of your wealth.

Once the move has been decided, we support you through every stage of your permanent relocation.

• Study of the civil and tax implications of a change of tax residence, depending on the composition of your wealth, its geographical location and how it is held
• Proposal of (re)structuring options in line with your wishes and objectives, your current ownership structures and changes affecting the devolution of your estate
• Coordination of declarations with the professionals handling your departure from your previous residence (notary, lawyer, accountant)
• Termination and/or updating of existing contracts in line with the changes resulting from this move
• Identification of the professionals and coordination of the move
• Support with the formalities relating to your vehicles (import, export, registration), yacht, aircraft
• Tax, customs and administrative assistance with importing precious and semi-precious jewellery and valuables
• Tax, customs and administrative assistance with importing your works of art

In the Principality of Monaco:

• Support in obtaining your Monegasque residence card from all the relevant authorities, throughout the entire process
• Assistance with setting up the family home: coordination of the professionals involved, from identifying the property through to the family moving in (real estate agents, notaries, banks, removal firms) *
• Support in identifying and opening a bank account in the Principality of Monaco
• Support in identifying and taking out bank financing
• Support with the recruitment and follow-up of your household staff
• Assistance with acquiring parking spaces and applying for an international driving permit
• Support in identifying and taking out your social security and health cover
• Support in putting in place insurance suited to your new residence, your family and your property
• Assistance with finding schools and extracurricular activities, enrolments, obtaining all administrative documents, notification of change of address
• Assistance with and handling of all formalities relating to your change of residence

Would you like to establish all or part of your business in the Principality of Monaco?

Would you like to relocate all or part of your family group?

Would you like to expand your business assets by setting up a subsidiary in the Principality of Monaco and/or creating an entity to manage an activity related to your existing one?

Depending on your objectives and wishes, we identify the civil, tax and inheritance implications of establishing a new legal entity in the Principality of Monaco within your current structure, and anticipate the restructuring options required.

• Carrying out a study to identify and quantify the implications of such an incorporation and/or restructuring, which also makes it possible to anticipate the consequences for your current structure
• Advice and assistance in establishing the structure of the proposed legal entity (choice of legal form, nature of the shareholding structure, administration) in line with your objectives
• Advice on drafting all corporate documents (articles of association, shareholders’ agreements, general meetings) and contractual documents (general terms and conditions of sale, customer/supplier framework agreements), with a view to securing your business assets and setting out your rights and obligations in accordance with the local regulations in force
• Advice and support on the sale and/or acquisition of a business (support with due diligence, preparation of all contractual documents (letter of intent, non-disclosure agreement, M.O.U.), drafting and signing of the contract and completion of the transaction, assistance with implementation...)
• Preparation of the application for authorisation to operate, submitted to the Ministry of State
• Assistance with domiciliation of the company according to your needs, with identified professionals, in accordance with the criteria required by the authorities and the planned number of employees
• Assistance with opening a bank account, completing compliance formalities and depositing the share capital
• Formalities for declaration to the register of beneficial owners and for registration with the RCI
• Assistance with protecting trademarks and concepts in terms of intellectual property (trademark registration, protection)

Monaco is regarded as a first-choice country for real estate investment, owing to a number of unrivalled factors. The appeal of its internationally renowned market creates constant opportunities for property values to appreciate.

• Completion of all steps deemed appropriate to identify potential real estate investments through the real estate agencies of the Principality of Monaco *
• Identification and implementation of the ownership structure in line with your objectives
• Financing and refinancing solutions
• Advice, monitoring, review and coordination of the professionals involved in the investment
• Securing investments by putting appropriate contracts in place
• Support in taking out the necessary insurance policies
• Assistance with opening and setting up contracts

(* in accordance with Law No. 1.252 of 12 July 2002, only real estate agencies are authorised to carry out operations including transactions, property management and letting).

Setting up an SCP (Société Civile Particulière, a private civil company) in the Principality of Monaco can offer a number of civil, tax and wealth-planning advantages, depending on your wealth situation.

Our team of experts supports you at every stage of the process, committed to ensuring full compliance with the legal and regulatory standards in force, while devising tailor-made solutions.

• Detailed assessment of your financial and wealth situation, identifying specific needs
• Strategic support on the optimal structuring of the SCP in light of tax and wealth criteria
• Handling of all administrative procedures
• Support in dealings with the Monegasque authorities, ensuring a smooth and efficient process
• Design of wealth structures aimed at protecting assets and minimising risks
• Proposal of solutions for the efficient transfer of wealth to future generations
• Ongoing monitoring after incorporation, making adjustments as needs and regulations change
• Day-to-day monitoring in line with changes in objectives and legislation
• Comprehensive administrative assistance