Home / Expertise / Commercial

Commercial

Monaco

With a resident population of just 38,400 (of whom 8,000 are Monegasque citizens), the Principality of Monaco’s GDP was 5.7 billion euros in 2015. Monaco's economy is very open to foreign trade and investment and benefits from the country’s excellent relations with France and the European Union.

There is no income tax (except for French and US citizens) or inheritance tax on real estate located in Monaco, making the Principality a particularly attractive residency option.

Companies registered in Monaco also enjoy a favourable tax environment.

- If they have no commercial or industrial activity, they are not liable for corporate tax.
- Commercial companies that generate at least 75% of their turnover in Monaco do not pay any tax there. For those below this threshold, the tax rate is 33.33%.

We provide highly effective solutions backed by our in-depth knowledge and understanding of the specificities of the Monegasque market. Our commercial law team has expertise in every stage of the business cycle. We help you conclude and strengthen agreements with your business and industry partners and manage your sales networks.  We also assist you with your business strategy when buying, selling or restructuring assets, in particular when negotiating the acquisition or sale of a business and drafting the subsequent legal documents. If you are raising capital or selling your business, our team has the experience you need, from legal audits to completion of the deal. 

We are particularly focussed on helping young entrepreneurs achieve their ambitions within a secure legal framework suitable for start-ups. As such, our team works with Monaco’s start-up incubator, Monacotech, which was co-founded by Xavier Niels.

We take account of your business sector and model and offer you bespoke solutions.

Read more Read less

Choose area

    Commercial Contracts

    Read more

    Insolvency

    Read more

    Feed

    Show only
    04/06/2020
    COV­ID-19 | In­sur­ance: com­pens­a­tion of a res­taur­ant own­er for op­er­at­ing...
    On 22 May, the Par­is Com­mer­cial Court is­sued an or­der that gives hope to many shop own­ers and crafts­men who were severely af­fected by the health meas­ures taken by the French Gov­ern­ment to con­tain the COV­ID-19 pan­dem­ic. Has a new path­way been opened? What
    21 May 2020
    CMS Ex­pert Guide to autonom­ous vehicles (AVs)
    This CMS Ex­pert Guide brings to­geth­er ana­lys­is from leg­al ex­perts across our in­ter­na­tion­al net­work on the leg­al re­quire­ments that must be ob­served for test­ing and us­ing AVs at dif­fer­ent levels of auto­ma­tion.
    15 September 2020
    European Com­mis­sion pub­lishes Staff Work­ing Doc­u­ment on Ver­tic­al Block...
    The Staff Work­ing Doc­u­ment (SWD 2020 173 fi­nal) is the next step on the road to an up­dated VBER and cor­res­pond­ing guidelines. With the cur­rent VBER due to ex­pire on 31 May 2022, the Staff Work­ing Doc­u­ment...
    19/05/2020
    COV­ID-19 | Busi­ness / Con­tract Law Up­date
    Act No 1.488 pre­scribes cer­tain con­trac­tu­al sanc­tions in the event of lack of per­form­ance, softens the re­quire­ments for con­ven­ing and hold­ing cor­por­ate bod­ies' meet­ings and con­tains spe­cif­ic pro­vi­sions re­lat­ing to the ap­prov­al of fin­an­cial state­ments of
    27 March 2020
    CMS Ex­pert Guide to force ma­jeure
    21 August 2020
    Trans­port of Goods - EU Mo­bil­ity Pack­age
    Back­ground: Reg­u­lat­ory re­quire­ments in the European Road Haulage Mar­ket EU law has been har­mon­iz­ing the reg­u­lat­ory frame­work of the European road haulage mar­ket for over 45 years[1], fo­cused on:...
    18/05/2020
    COV­ID-19 | Sup­port Meas­ures for Mone­g­asque Com­pan­ies
    The Gov­ern­ment of Monaco has taken ex­cep­tion­al meas­ures to sup­port Mone­g­asque com­pan­ies fa­cing eco­nom­ic dif­fi­culties due to the COV­ID-19 pan­dem­ic. Find out more.
    06 August 2020
    First EU cy­ber sanc­tions go live
    The EU ven­tured in­to new ter­rit­ory on 31 Ju­ly 2020 by im­pos­ing its first ever cy­ber-sanc­tions un­der Coun­cil Reg­u­la­tion (EU) 2019/796 of 17 May 2019 ("EU-Cy­ber Sanc­tions Reg­u­la­tion"). The new sanc­tions...
    04/05/2020
    End of lock­down in Monaco: our of­fices will re­open on 11 May
    We are de­lighted to an­nounce the re­open­ing of our of­fices on 11 May. Find out more.
    27 July 2020
    Data Pro­tec­tion Of­ficers – Avoid­ing a Con­flict of In­terest
    On 28 April 2020, the Lit­ig­a­tion Cham­ber of the Bel­gian data pro­tec­tion au­thor­ity (the “APD”) im­posed a €50,000 fine on a Bel­gian com­pany, for non-com­pli­ance with the re­quire­ments re­lat­ing to the...
    08/04/2020
    COV­ID-19 | Con­tract law soon to be ad­ap­ted?
    COV­ID-19: A new bill gov­ern­ing con­trac­tu­al ob­lig­a­tions is close to be voted. Find out more.
    14 July 2020
    More con­flict­ing judg­ments from Eng­land and France: un­cer­tainty for users...
    In­tro­duc­tion In a sig­ni­fic­ant case for in­ter­na­tion­al com­mer­cial ar­bit­ra­tion, on 23 June 2020, the Par­is Court of Ap­peal re­jec­ted an ap­plic­a­tion to an­nul an ICC award, find­ing that the ar­bit­ral tribunal...