Monaco, a unique country

An independent State

Monaco has been a sovereign country for more than seven centuries, member of the United Nations since 1993 and of the Council of Europe since 2004. The Principality of Monaco has developed a privileged relationship with France, without being member of the European Union. The Principality remains, indeed, deeply attached to its political independence. It is a country with many assets.

A thriving economy

Monaco is an important international financial centre with numerous banks, financial companies, portfolio and asset management companies, which has become one of its economic strong points.

Conducting a business

Commercial, trading, industrial and professional activities can be practised independently within the scope of Law n°1.144 dated of June 26, 1991, and are subordinate to obtaining a prior administrative authorisation.

The above mentioned activities can be conducted under the following legal forms :

Activities in personal name
Administrative office
Branches
Limited liability Monegasque companies
- “Sociétés anonymes monégasques”
- “Société à responsabilité limitée”
Limited partnerships (“Sociétés en commandite simple”)
General partnerships (“Sociétés en nom collectif”)

Some activities subject to specific rules (banking, financial activities, insurance…) need regulatory authorities’ approval.

Foreigners who want to take up residency in Monaco

Every foreigner of at least 16 years of age who wishes to reside in Monaco for a period of at least three months or to establish his/her residence has to possess a residency card delivered by the Monegasque authorities.

Procedure to request a residency card

The nationals of the European Economic Area may file their request for a residency card directly with the Monegasque Public security.

For nationals of countries outside the European Economic Area, it is necessary to obtain, prior to the Monegasque procedure, an establishment visa (type D) for Monaco, from the French consulate closest to the last place of residence (with certain exceptions). Our team remains at your disposal to undertake these steps.