The principality of Monaco is a tiny city-state on the Mediterranean Sea and surrounded by France, although the Italian Riviera lies a few kilometres farther east.
This is the second smallest independent state in the world (after the Vatican) and is almost entirely urban. The country is divided into four areas: Monaco-Ville (the old city), the Condamine (port quarter), Monte-Carlo (business and recreation), and Fontvieille (recreation and light industry). With no natural resources to exploit other than its location and climate, the principality has become a resort for tourists and a tax haven for businesses. Monaco is six times the size of the Vatican and the world’s most densely populated independent country.
There are three types of company that can be incorporated in Monaco:
- Societe Anonyme Monegasque (SAM)
- Societe a Responsabilite Limitee (SARL
- Societe en Commandite par Actions (SCA)
We offer formations for SAM and SARL companies
A Monegasque SARL is a limited liability company formed between at least two shareholders that must be engaged in commercial activities (activities commerciales). The shareholders liability is limited to the amount of their individual investments in the company.
The director called the grant (there can be one or more) of the SARL is usually a natural person. He can be appointed either amongst the shareholders or outside the company. It is generally required that he resides in Monaco or in the nearby region. It is not the case of dormant shareholders.