1.  Due diligence costs for the purchase of real estate
    1. Municipal search
    2. Cost
    3. VAT
    4. Utility search (each service)
    5. Cost
    6. VAT
    7. Land registry search (per search)
    8. VAT
    9.  Company search, per company
    10. VAT
    11.  Survey/Valuation fee, approx
    12. VAT
    13.  Phase 1 Environmental survey
    14. VAT
  2. Costs associated with a contract for purchase of real estate and registering title
    1.  VAT on price
    2. Cost
    3. VAT
    4.  Transfer duty
  3. Tax or duty on the acquisition of shares in a company owning real estate
  4.  Capital gain taxation on future disposal of real estate or shares in a company owning real estate
    1.  Tax on capital gains on the disposal of the real estate itself
    2.  Tax on capital gains on the disposal of shares in a company owning real estate

jurisdiction

Monaco

1. Due diligence costs for the purchase of real estate

Cost

Map/zoning plan: free of charge (online)

VAT

Nil

1.2 Utility search (each service)

Cost

Depends on time spent

VAT

N/A

VAT

Nil

1.4 Company search, per company

VAT

Nil

1.5 Survey/Valuation fee, approx

VAT

20%

1.6 Phase 1 Environmental survey

VAT

20%

2. Costs associated with a contract for purchase of real estate and registering title

2.1 VAT on price

Cost

The following registration duties apply for transfers for consideration of real estate located in Monaco, but only if VAT is not applicable (except for the special regime of property traders):

  • 4.5% on the market value if the purchaser is a private person or a qualifying Monegasque Personal Civil Company (SCP) (several conditions should be met).
  • 7.5% on the market value for any other purchaser.
VAT

20%

2.2 Transfer duty

3. Tax or duty on the acquisition of shares in a company owning real estate

Acquisition of shares in a civil company (Monegasque SCP) owning real estate in Monaco triggers the following registration duties:

  • 4.5% on the share price (or market value if higher) if the purchaser is a private person or a qualifying Monegasque Personal Civil Company (SCP) (several conditions should be met). 
  • 7.5% on the share price (or market value if higher) for any other purchaser.

4. Capital gain taxation on future disposal of real estate or shares in a company owning real estate

4.1 Tax on capital gains on the disposal of the real estate itself

Nil (for individuals Monegasque tax residents)

Sale by a Monegasque resident company subject to corporate income tax in Monaco: capital gains are taxable (corporate income tax rate of 26.5% in 2021 and 25% as from 2022).

Sale by a foreign company or an individual not tax resident in Monaco: no withholding tax in Monaco.

4.2 Tax on capital gains on the disposal of shares in a company owning real estate

Nil (for individuals Monegasque tax residents)

Sale by a Monegasque resident company subject to corporate income tax in Monaco: capital gains are taxable (corporate income tax rate of 26.5% in 2021 and 25% as from 2022).

Sale by a foreign company or an individual not tax resident in Monaco: no withholding tax in Monaco.