Company Formation in Monaco
One documented route of this kind in Monaco, with its conditions, documents, official government fees and process.
Self-Employment and Company Formation (SARL / SAM / Sole Proprietorship)
Establish a business in Monaco via authorisation from the Department of Economic Expansion (DEE), then obtain residence as company director or partner.
- Processing time
- DEE review commonly ~2–4 months (statutory max framed as 3 months; SARL statutory review 45 days). Post-authorisation notary + RCI registration adds ~2–4 weeks. End-to-end company + residency + bank account typically 3–6 months.
- Validity
- Business authorisation is ongoing; linked residence permit initially valid 1 year.
- Language requirement
- No formal language test; documentation in French.
- Permanent residence
- Privilégié (long-term) permit after 10 years' residence (reducible to 1 year in special cases).
- Citizenship
- Naturalisation possible after 10 years' ordinary residence after age 18, wholly discretionary.
Requirements
- A registered office/business premises in Monaco (mandatory)
- Minimum share capital depending on vehicle (SARL €15,000; SAM €150,000)
- Detailed activity description and multi-year business plan (DEE practice)
- Clean criminal record per partner
- Subsequent residence permit application as director/partner
Required Documents
- Completed application for permit to carry out a business activity in Monaco required
- Two original copies of the articles of association registered with the Tax Services required
- A 'Personal Information' form per partner required
- Civil-status document (nationality certificate / ID / passport) per partner required
- Birth certificate per partner required
- Criminal record (less than 3 months old) per partner required
- Lease/purchase of business premises in Monaco required
- Board resolutions (if a partner is a legal entity); transfer deeds (if buying an existing business)
Official fees
- SARL minimum share capital 15,000 EUR
- SAM minimum share capital 150,000 EUR
- Linked residence permit, first issuance 80 EUR
Process Steps
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1
File activity-authorisation application
File with the DEE. Statutory review is 45 days from notification of eligibility.
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2
Register in the RCI
On authorisation, register in the Trade and Industry Registry (RCI), with capital deposit certificate and publication in the Journal de Monaco.
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3
Register with IMSEE
Register with Monaco Statistics (IMSEE) to obtain the NIS number.
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4
Declare to Tax Services
Make the declaration to Tax Services.
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5
Social security registration
Register the manager with social-security funds CAMTI / CARTI.
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6
Residence permit
Apply for the residence permit as company director/partner.