Global Company Formation

Read Detailed Monaco Company Formation Guide Now! Download Now

Our Team

STA's Team of Lawyers in Abu Dhabi, Bahrain, Doha, UAE, Luxembourg, Moscow, RAK, Sharjah, and Singapore. Find a Lawyer. ..

Read more information

Monaco

Monaco is located as an independent state on France’s Mediterranean coastline. Since its economic beginnings, the country is seen to have progressed greatly and thrived into an exceptionally developed and diversified economic entity. Monaco's mild climate, splendid scenery, and gambling facilities have made Monaco world famous as a tourist and recreation center. Monaco has created a stimulating environment for foreign investors, expressed by the simplified procedures on company formation and the exceptionally low tax rates. The country is home to the research centres of major international companies. Surrounded by France, Monaco enjoys its independent territorial waters into the Mediterranean. This proximity to France as well as Monaco's exposure to European events has led to the establishment of a unified working agreement between the two countries.

Monaco is a banking center and has successfully sought to diversify into services and small, high-value-added, nonpolluting industries. The state retains monopolies in a number of sectors, including tobacco, the telephone network, and the postal service. Living standards are high, roughly comparable to those in prosperous French metropolitan areas. While Monaco stands as a member of the United Nations, it does not fall as a member of the European Union thus empowering itself in the implementation of its unique laws and  regulations. The state has no income tax and low business taxes and thrives as a tax haven both for individuals who have established residence and for foreign companies that have set up businesses and offices.

 

Related Publications

 

Related Articles

Global Company Formation