What is required to start a new business in Monaco?

In order to run a business in Monaco, whether in trade, industry, crafts or as a freelancer, as a sole trader or as a company, those without Monegasque nationality must acquire a business permit issued by the Minister of State. The permit is issued according to the following criteria: Professional reputation.

To start a new business in Monaco, you need to register with the Monaco Chamber of Economic Development, obtain permits, secure a business address, open a bank account, and comply with tax regulations.

In order to run a business in Monaco, whether in trade, industry, crafts or as a freelancer, as a sole trader or as a company, those without Monegasque nationality must acquire a business permit issued by the Minister of State. The permit is issued according to the following criteria: Professional reputation.

Requeriments to incorporate a company in Monaco
The company must have at least two shareholders (individuals or legal entities) and the manager (natural person) must reside in Monaco or in the surrounding cities in France or Italy due to the effective management of the company requirements.