Category Archives: Monaco

Monaco – Company Formation from 2.600€

Monaco – Company Formation from 2.600€

Start a New Business in Monaco


A Monaco Limited Liability Company (SARL) offers foreigners limited liability protection. Foreigners can own all of the shares in a SARL.  A Monaco Limited Liability Company (SARL) has these types of benefits: only foreign shareholders, limited liability, first two years tax exemption, low minimum share capital, and the two shareholders can be the two directors. Every SARL must avoid selecting a company name exactly alike or too similar to any other company or legal entity’s name in Monaco. The end of every SARL’s company name must end either with the words “Societe a Responsabilite Limitee” or its suffix of “SARL”.

Below is an outline of the basic steps necessary to set up a company:

  • Apply for a Validation Certificate (Certificado de Admissibilidade) and for a Provisional Company Identity Card (Cartão Provisorio de Pessoa Collectiva) from the Registo Nacional de Pessoas Colectivas,RNPC
  • Sign the deed of incorporation at a notary
  • Apply for a Start of Activity Declaration (Declaração de Início de Actividade para Efeitos Fiscais) at the Tax Office (Direcção-Geral dos Impostos – DGCI). This must be done within 90 days of the Provisional Company Identity Card being issued
  • Apply for registration of the company at the local Commercial Registry (Conservatórias do Registo Comercial), the registry will then organise the company’s publication in the Portuguese Official Journal (Diário da República).
  • Register at the local Social Security regional centre
  • Register with the Commercial or Industrial Records Office (Cadastro Comercial or Industrial) at the Directorate-General of Enterprise (DGE) or the local regional office of the Ministry of Economy within 30 days

Step 1:

To set up Monaco Company this is known as ‘incorporation’.You’ll need:

  • Register of Commerce and Industry handles all applications for establishing companies. The government of Monaco requires that the following documents be filed along with an application to become a SARL:
  • Applicant’s birth certificate;
  •  Applicant’s police record prepared within the past three months;
  • Copy of applicant’s national identity card (passport, driver’s license, or national ID card);
  • Curriculum Vitae (CV) of the applicant;
  • Two copies of the Articles of Association;
  • Three copies of a special form containing personal information of each shareholder;
  • Summary of the types of business activities and an estimated first three year turnover;
  •  Formal application detailing the proposed business activities in Monaco; and
  • Copy of office lease agreement.Corporate shareholders must provide the following documents:
  • Certificate of Incorporation issued by the commercial registry of the country the corporation was formed; and
  • Board of Directors resolution subscribing at least the required minimum capital for the SARL

Step 2:
Send your company details to Novasigma or schedule a meeting before incorporation. Remote company registration in Monaco available for all nationalities.

Step 3:
Upon approval, the Register of Commerce and Industry office issues a Certificate of Incorporation with a unique identification number so the SARL can begin conducting business After the registration, you should hire an accountant.


Entity type and suffix: Limited liability company, LLC
Shareholders/Founders: at least 2 persons or legal entity, foreign entities accepted 
– Documents Copy of I.D. document of a founding partner(s)
Directors/Board members: at least 2 natural person, 1 resident director
– Documents Copy of I.D. document of a person to be registered as a director
Share Capital: The minimum share capital requirement is EUR 15.000€
Corporate tax: 33% if its global sales exceed 25% of its total sales.
VAT: VAT rate of 20%
Annual financial report: Yes
Registration address: Yes (in Monaco)
A Company bank account: Start account is NOT required before company registration


Novasigma Express Company Formation service offers a possibility to set up company fast in Monaco using only 1 founder and/or director (natural person). You can send company details and founder/director details by filling an order form below. Once we have reviewed your request Novasigma Account Manager will call you within a same business day for additional details and prepare an retainer of EUR 240 including company name availability check and document review. Remaining balance will be paid before processing the company registration. We accept payments with bank transfer, Bitcoins or in cash.

If you are interested to set up a private limited or public company (PLC) with more than 1 founder/director or at least one of founders/shareholders will be a local or a foreign legal entity, your company will require a business licence or you are interested in administration/nominee services, please find details for 3.0 Advanced Company Formation below.


  • Establishment of company by an individual entity (Max. 1 founder/director, natural person only)
  • Limited liability company (LLC) registration in Monaco
    • Preparing of standard M&MA and Minutes of Meetings
    • Assistance for company founders in Monaco OR
  • Remote company registration available +400€
  • Company documents available in digital format after registration


  • Registration address and post scanning service in Monaco +1000€/year
  • Accounting, bookkeeping, VAT and company secretary service for the company from 600€/year
    • Assistance in VAT registration, Tax prepayment registration and insurances in Monaco +550€
  • Opening of a corporate start bank account/business account in Monaco +1.450€


With Novasigma Advanced Company Formation you can set up company with multiple founders and directors including foreign legal entities. Advanced company formation service includes always possibility to FREE business and tax consultation before incorporation. With Advanced Company Formation we can search/introduce available nominee shareholders and/directors for your company to protect privacy in jurisdictions where such a service is legal. You can send your company details by filling an order form below or just send us a message so we will call you back.

Once we have reviewed your request Novasigma Account Manager will call you within a same business day for additional details and prepare an retainer of EUR 490 including business and tax consultation, company name availability check and document review. Remaining balance will be paid before processing the company registration. We accept payments with bank transfer, Bitcoins or in cash.


  • Business and tax consultation before incorporation – Face2Face meeting at your nearest Novasigma Office or Video/Phone meeting with Business/Tax Consultant – 2h FREE 
  • Establishment of company by: 1+ founder who can be a local or foreign entity, 1+ director who can be non-resident private person (at least 1 resident director recommended)
  • Limited liability company (LLC) registration in Monaco
    • Assistance for company founders in Monaco
    • Remote company registration available +400€
    • Public Limited Company (PLC) formation available – ask quotation
  • Company documents available in digital and printed format after the registration completed
  • Opening of a corporate start bank account/business account in Monaco +1450€


  • Extra business consultation/additional declarations/applying business licences before incorporation 125€/h
  • Tax consultation service pack for private persons 850€, Tax Consultation and preparing of international corporate structure 2490€
  • Legal advisory and corporate lawyer services in Monaco 250€/h
  • Company formation by a legal entity or 2+ founders/directors +350€/entity
  • Searching/appointment of a nominee director of your newly established Monaco company 2.400€ + from 600€/mo (proper business plan required before an assignment)
  • Searching/appointment of a technical UBO before company registration 1.200€ + from 300€/mo (proper business plan required before an assignment)
  • Accounting, bookkeeping service for the company from 600€/year 
  • Registration address and post scanning service +1000€/year
  • Remote company registration with POA +400€


  1. Fill and send the order form below (EXPRESS FORMATION) or schedule a meeting with Novasigma (ADVANCED FORMATION)
  2. Novasigma will contact you and send you an invoice for a prepayment.
  3. Novasigma will send you a questionnaire about proposed business, shareholders and directors
  4. Send all required documents about shareholders and directors
  5. Schedule time and date for a registration and bank account opening in Monaco OR send a notarized POA with Apostille (in case of remote company registration)
  6. Novasigma will send you an invoice
  7. The company will be registered normally within 4 weeks
  8. Hire Novasigma as an accountant!


Payments after the review of request – Bank Transfer, Bitcoin, Cash (EUR, USD, GPB, HKD, BTC)

  • Express Company Formation – Retainer EUR 240
  • Advanced Company formation – Retainer EUR 490

In cases KYC or/and Due Diligence process required Novasigma might require a personal meeting with all its new clients before proceeding any assignment




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Novasigma provides international accounting services, company formation services, legal, business and tax advisory services | Terms of Use & Terms of Business | © 2016 NOVASIGMA Global - Accounting & Law Cooperative ("NOVASIGMA LIMITED"). Member firms of the NOVASIGMA Global - Accounting & Law network of independent firms are affiliated with NOVASIGMA Global - Accounting & Law. NOVASIGMA Global - Accounting & Law provides no client services. No member firm has any authority to obligate or bind NOVASIGMA Global - Accounting & Law or any other member firm vis-à-vis third parties, nor does NOVASIGMA Global - Accounting & Law have any such authority to obligate or bind any member firm. Independent registered advisers, lawyers and accountants are not owned by, affiliated with or supervised by Novasigma or its affiliates. Novasigma provides custody, trading and operational support services for advisers, lawyers and accountants. Not all products and services available through Novasigma and its affiliates are available through advisers, lawyers or accountants. Registration does not imply a certain level of skill or training. Depending on jurisdiction there might be eligibility requirements to work with a dedicated Financial Consultant, Lawyer or Accountant. Wealth management, accounting, audit and legal services refers to products and services available through the operating subsidiaries of the Novasigma Corporation of which there are important differences including, nut not limited to, the type of advice and assistance provided, fees charged, and the rights and obligations of the parties. It is important to understand the differences when determining which product and/or services to select. Novasigma provides a full range of business, financial, banking and tax advisory, accounting and legal services through its operating subsidiaries.

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