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Commercial

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.

Choose area

Commercial Contracts
Our team supports every phase of the contract cycle, from organising, negotiating, drafting and signing the contract to handling any disputes.With our
Insolvency
If your company is in financial difficulty or facing business, labour or legal challenges, we can assist you throughout the entire restructuring phase

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07/06/2022
Trade secret laws and reg­u­la­tions in Monaco
Gen­er­al 1. Has the Dir­ect­ive (EU) 2016/943 of the European Par­lia­ment and of the Coun­cil of 8 June 2016 on the pro­tec­tion of un­dis­closed know-how and busi­ness in­form­a­tion (trade secrets) against their...
Comparable
26/05/2022
Schrems II: Re­ac­tions to the judge­ment and the su­per­vis­ory au­thor­it­ies'...
“Schrems II”: Opin­ions of the su­per­vis­ory au­thor­it­ies on Schrems II and re­com­mend­a­tions on the im­ple­ment­a­tion of the judge­ment in in­ter­na­tion­al data trans­fers On 16 Ju­ly 2020, the Court of Justice...
12/05/2022
10 key as­pects of the re­vised EU com­pet­i­tion law in the field of dis­tri­bu­tion...
The new Ver­tic­al Block Ex­emp­tion Reg­u­la­tion (VBER) and the new ac­com­pa­ny­ing Ver­tic­al Guidelines (VGL) were pub­lished on 10 May 2022. The new VBER will enter in­to force on 1 June 2022 and ap­ply for the...
04/03/2022
The re­form of the artist’ re­sale right in the Prin­cip­al­ity of Monaco
The Artist’s Re­sale Right en­titles au­thors of ori­gin­al works of plastic and graph­ic art to a roy­alty each time one of their works is resold.The ARR in Monaco is cur­rently reg­u­lated un­der art­icle 11...
31/08/2021
Re­ima­gin­ing Trans­port: Hy­dro­gen Trains
In the first in our Re­ima­gin­ing Trans­port series, we look at the po­ten­tial for hy­dro­gen powered trains to be­come a part of the rail net­work’s move to net-zero. Already in op­er­a­tion in se­lect rail lines...
23/07/2021
Fit for 55: A new cli­mate pack­age
On 14 Ju­ly 2021, the European Com­mis­sion pub­lished the largest le­gis­lat­ive pack­age re­lated to the cli­mate and en­ergy: “Fit for 55”. The main as­sump­tion of the new pack­age is a re­duc­tion of 55% in...
23/07/2021
GDPR 3 years on – The greatest hits (and misses)
More than three years have passed since the GDPR ap­plied and a lot has happened in the world of data pro­tec­tion dur­ing that time – fines, class ac­tions, court chal­lenges and more. We give our “playl­ist”...
19/07/2021
Emeline El­baz-Mondeux pro­moted to Coun­sel
We are de­lighted to an­nounce that Emeline El­baz has been pro­moted to Coun­sel with­in our Busi­ness Law team.With over 20 years of ex­per­i­ence, Emeline suc­cess­fully handles both con­ten­tious and non-con­ten­tious...
15/07/2021
European Com­mis­sion pub­lished drafts of the re­vised Ver­tic­al Block Ex­emp­tion...
On 9 Ju­ly, the European Com­mis­sion pub­lished its draft re­vised Ver­tic­al Block Ex­emp­tion Reg­u­la­tion (VBER) and the cor­res­pond­ing Ver­tic­al Guidelines. The VBER con­cerns ver­tic­al agree­ments, which are agree­ments...
16/06/2021
EDPB ap­proves first EU GDPR Code of Con­duct for Cloud Ser­vice Pro­viders
Fol­low­ing the sub­mis­sion by the Bel­gian Data Pro­tec­tion Au­thor­ity, on May 19 the European Data Pro­tec­tion Board (EDPB) ap­proved the EU Cloud Code of Con­duct with sub­sequent fi­nal ap­prov­al by the Bel­gian...
15/06/2021
New GDPR Code of Con­duct ap­proved for Cloud In­fra­struc­ture Ser­vice Pro­viders
The European Data Pro­tec­tion Board (EDPB) and the French Data Pro­tec­tion Au­thor­ity (CNIL) ap­proved the CISPE Data Pro­tec­tion Code of Con­duct of Cloud In­fra­struc­ture Ser­vice Pro­viders in Europe (CISPE...
11/06/2021
EDPB is­sues Re­com­mend­a­tion on cred­it card data stor­age for one-click pay­ments
The European Data Pro­tec­tion Board (EDPB) has ad­op­ted a new re­com­mend­a­tion on the leg­al basis for the stor­age of cred­it card data by e-com­merce mer­chants for the pur­pose of one-click pay­ment of fur­ther...