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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.

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12 April 2021
EU Di­git­al Ser­vices Act gives new leg­al frame­work for plat­form eco­nomy
The European Com­mis­sion has is­sued the draft pro­pos­al for the Reg­u­la­tion on a Single Mar­ket for Di­git­al Ser­vices (Di­git­al Ser­vices Act or DSA), which cre­ates a new leg­al frame­work for di­git­al ser­vices...
06 April 2021
EU is­sues draft of Di­git­al Mar­kets Act aimed at cre­at­ing a new and fair...
The European Com­mis­sion has pub­lished a draft pro­pos­al for a new com­pet­i­tion law frame­work for large on­line plat­forms, called the Di­git­al Mar­kets Act (DMA). The Com­mis­sion pro­posed the DMA due to the...
29 March 2021
EDPS & EDPB re­lease joint opin­ion on the Data Gov­ernance Act
On 10 March 2021, the EDPB and the EDPS re­leased their joint opin­ion on the Data Gov­ernance Act (DGA), the European Com­mis­sion’s Pro­pos­al for a Reg­u­la­tion on European data gov­ernance. The DGA is an...
26 March 2021
Oil & Gas / Ship­ping – The Ever Giv­en
The Suez Canal opened in 1869. Along with the Panama Canal, it is one of the most im­port­ant mari­time “short­cuts” ever built. Today, the canal is 193km (120 miles) long and is one of the busiest wa­ter­ways...
24 March 2021
EDPB Guidelines on Vir­tu­al Voice As­sist­ants
The European Data Pro­tec­tion Board (EDPB) pub­lished its draft Guidelines 02/2021 on Vir­tu­al Voice As­sist­ants (VVAs), which are soft­ware ser­vices that take voice as an in­put, identi­fy and ex­ecute a com­mand...
19 March 2021
EDPB is­sues guidelines on Con­nec­ted Cars
After a pub­lic con­sulta­tion pro­ced­ure, the European Data Pro­tec­tion Board (EDPB) ad­op­ted and pub­lished the fi­nal ver­sion of Guidelines 01/2020 on the pro­cessing of per­son­al data in the con­text of con­nec­ted...
09 March 2021
New com­pet­i­tion tools for di­git­al mar­kets – Ger­man com­pet­i­tion law vs....
After the new Ger­man com­pet­i­tion law came in­to ef­fect in Janu­ary 2021, ma­jor di­git­al plat­forms are now af­fected by art­icle 19a of the Ger­man Com­pet­i­tion Act. Un­der art­icle 19a, the Ger­man com­pet­i­tion...
22 January 2021
EDPB is­sues draft guidelines for data breach no­ti­fic­a­tions
Fur­ther to the GDPR re­quire­ment for re­port­ing per­son­al data breaches to the com­pet­ent data pro­tec­tion au­thor­ity and, in cer­tain cases, to af­fected in­di­vidu­als, the European Data Pro­tec­tion Board (EDPB)...
19 January 2021
New GDPR strategy to tackle new tech­no­logy, data se­cur­ity, in­ter­na­tion­al...
The European Data Pro­tec­tion Board (EDPB) pub­lished its GDPR Strategy 2021-2023 on 5 Janu­ary 2021, set­ting out four main pil­lars and key ac­tions, which in­clude: Pil­lar 1: Ad­van­cing har­mon­isa­tion and...
13 January 2021
EU­'s Por­tuguese pres­id­ency re­leases new draft of ePri­vacy Reg­u­la­tion
On 5 Janu­ary 2021, the Coun­cil of the EU – with Por­tugal serving as the Pres­id­ent-in-Of­fice – re­leased a new draft ver­sion of the ePri­vacy Reg­u­la­tion, which is meant to re­place the ePri­vacy Dir­ect­ive...
16 December 2020
EU Com­mis­sion pub­lishes pro­posed Data Gov­ernance Reg­u­la­tion
On 25 Novem­ber 2020 the European Com­mis­sion pro­posed new rules on data gov­ernance – a pro­posed Data Gov­ernance Reg­u­la­tion, which is the first of a set of meas­ures an­nounced in the 2020 European strategy...
15 December 2020
Five years after Hua­wei ZTE FRAND li­cens­ing ob­lig­a­tions again be­fore the...
On 26 Novem­ber 2020, the Düs­sel­dorf Re­gion­al Court an­nounced that it would sus­pend a pat­ent in­fringe­ment pro­ceed­ing and refer key ques­tions on com­puls­ory li­cens­ing of stand­ard es­sen­tial pat­ents (SEP)...