First it should be clarified that any company registered in Monaco, regardless of nationality or country of residence of its owners is going to be considered as a national company, that is, an offshore company in Monaco is not officially considered as such.

The creation of entities in this jurisdiction is a not so simple process due to the high capital required and the concordant that the Government is in the aspect of foreign investment, registration of companies and others. At Foster Swiss we can simplify the process for you.

The creation of a General Corporation of Monaco (SAM) or known locally as Societe d'Affaires Monegasque, must consist of at least two shareholders and at least 150,000 must be invested in the capital of the company. It is the least used by foreigners because of the high cost.

The owners or shareholders of the corporation must also appoint a minimum of two directors, who may be foreigners and not resident in Monaco and both natural and legal persons. A legal person is an organization or entity with legal personality formed by several natural people.

Are you tax exempt when having a SAM in Monaco?

SAMs in Monaco are legally exempt from tax as long as 75% of their sales are made with Monaco residents. If this is not the case, they are subject to income tax at a standard rate of 33.3%.

If this information is of interest to you if you wish to register an entity in Monaco, Foster Swiss can advise you. We help you in practically everything, we provide you with personalized advice from the moment you choose a corporate structure for your company, until even one year after you have incorporated your company and we take care of the whole process for you.

For more information on this topic or any requirement related to our services, you can contact us directly through info@fosterswiss.com