Tax

Our tax practice covers all aspects of Monaco taxation, including corporate income tax (ISB), value added tax (VAT), inheritance and gift taxes, and registration duties.

We advise clients on the structuring and optimisation of international tax arrangements to achieve efficient, commercially effective outcomes.

We provide clear, actionable advice to help clients navigate the complexities of international taxation, reflecting the specific features of the Principality of Monaco and the applicable international agreements.

We combine strong local market knowledge with extensive experience across all areas of Monaco taxation, including corporate tax, personal tax, private wealth taxation and real estate taxation.

As local and international tax rules become increasingly complex and tax pressures intensify, our clients rely on us to understand their commercial drivers and provide clear, robust and forward-looking tax advice.

Since our firm was established in 2009, we have developed a deep, practical understanding of the needs of both Monaco-based clients and those looking to enter the market.

This enables us to provide a comprehensive, integrated service, designed to optimise tax efficiency and deliver the best outcomes for our clients.

Private wealth and real estate taxation

Private client taxation is a core focus of our practice.

We advise and support international clients on complex cross-border matters.

We combine deep local expertise with a comprehensive understanding of the tax implications of civil law decisions, allowing us to deliver clear, strategic and effective advice tailored to each client’s circumstances.

We deliver tailored advice designed to optimise tax efficiency and support strategic, forward-looking planning. We assist clients in making informed decisions in relation to succession and wealth planning, investment structuring and relocation or establishment in Monaco.

Corporate tax

In an increasingly complex tax environment, mastering the rules is key to business success.

Our team provides pragmatic, forward-looking advice to help clients navigate Monaco corporate tax issues, both locally and internationally.

While the Monaco VAT regime is broadly aligned with the French regime, it includes specific features which require careful consideration. Applying corporate income tax (ISB) rules and registration duties, based on technical legislation shaped and complemented by practice, requires a strong, practical understanding of the Monaco market.

We have a solid track record in tax analysis and audit, particularly in the context of transactions and corporate reorganisations. Where required, we bring together multidisciplinary teams, including specialists in corporate, employment and real estate law, to deliver integrated and effective solutions.

We also assist clients across all stages of tax audits and investigations, including matters relating to the application of the above regimes and the automatic exchange of information.

Legal 500 EMEA: Commercial, Corporate and M&A - Tier 1

"CMS are the "go-to" firm in Monaco. They achieve results, are a safe pair of hands and great to work with. The group's ability to plug into the wider CMS network for support on cross-border matters also istinguishes it from other local law firms."

"Highly efficient lawyers, accustomed to complex and international cases. Incredible teamwork capabilities, including with lawyers from foreign law firms. Strong dedication to clients and no ego - just skills, dedication, and results."

Chambers & Partners: General Business Law - Spotlight

"CMS’s team is trustworthy, competent, precise, able to respond immediately and always thinks outside the box. Its team members are very flexible, professional and not rigidly formal."

"They are efficient in their delivery, they provide high-quality adivce and their strategic input is excellent. They have a clear eye on strategy."