Monaco
Monaco: 6 company types, its taxes, banking and business environment.
Forming a company
Company types in Monaco
The 6 forms a founder can choose here, each with its own figures. Open one for its sources.
Doing business here
Business accounts
Providers whose own published list of countries names Monaco. A listing means a company formed here may apply, not that it will be accepted.
Not in our records No provider's country list has been read for Monaco.
EU listings
Two lists a bank checks when it opens an account for a company or its owner.
- EU high-risk third countries (AML)
- Not listed
- EU non-cooperative jurisdictions for tax purposes
- Not listedOfficial EUR-Lex, 52026XG01465, Annex I as of 2026-02-17
Official sites
The authorities’ own sites for Monaco: where to register, file and check.
Blocs and agreements
The trade arrangements Monaco belongs to, as each arrangement’s own texts state them: since when, and what each covers. What a membership means for a business is for you to judge.
Monaco’s own position
- Customs territory
- EU
Quote
The territory of Monaco as defined in the Customs Convention signed in Paris on 18 May 1963
- VAT territory
- France
Quote
transactions originating in or intended for the Principality of Monaco are treated as transactions originating in or intended for France
- European Union: internal market and customs union
- Inside, through France
Monaco is a third state but its territory, as defined in the Franco-Monegasque Customs Convention of 18 May 1963, is part of the Union customs territory (Reg. 952/2013 art. 4(2)(a)). That is recorded for the customs union only; the text retrieved says nothing on the other freedoms.
Quote
The territory of Monaco as defined in the Customs Convention signed in Paris on 18 May 1963
- European Union: VAT territory
- Inside, through France
For VAT Monaco is not a third country (Directive 2006/112/EC art. 7) and its territory is assimilated to French territory (French tax authority, BOFIP).
Quote
the Principality of Monaco, the Isle of Man and the United Kingdom Sovereign Base Areas of Akrotiri and Dhekelia shall not be regarded, for the purposes of the application of this Directive, as third countries
Regional and customs arrangements only, 36 of them; bilateral trade agreements are not yet in our records.
Tax
Company tax
Tax, and what the company owes the registry each year.
- Corporate income tax
- 25%
- Distributions
- Not in our records
- Audit
- Statutory auditor required only above 150,000 EUR capital or when two of three thresholds are met for two years (balance sheet 1.5M EUR, turnover 2.5M EUR, 20 employees).Official The registry or ministry page as of 2026-10-14
Quote
La désignation d'un commissaire aux comptes est obligatoire dans les sociétés à responsabilité limitée, les sociétés en nom collectif et les sociétés en commandite simple lorsque leur capital social est supérieur à cent cinquante mille euros (150.000 Euros)
- Small-company relief
- Not in our records
- Annual obligations
- Not in our records
- Annual registry fee
- Not in our records
Sales and consumption tax
The tax on what the company sells in Monaco, and when it must register, as the tax authority states it.
- The tax
- Taxe sur la valeur ajoutée (TVA)
Quote
La Taxe sur la Valeur Ajoutée (TVA) est perçue sur les mêmes bases et aux mêmes taux qu’en France.
- Standard rate
- 20%
Monaco applies VAT on the same bases and at the same rates as France: 20% normal, 10% reduced, 5.5% on products of first necessity.
Quote
Le taux normal de 20 % Le taux réduit est de 10 %, à l’exception des produits de première nécessité (5.5%)
- Other rates
- 10% Taux réduit, except products of first necessity
- 5.5% Produits de première nécessité
Quote
Le taux normal de 20 % Le taux réduit est de 10 %, à l’exception des produits de première nécessité (5.5%)
- Registration threshold
- Not in our records
- A foreign company
- See the note
The Direction des Services Fiscaux provides for VAT refunds to a taxable person established neither in Monaco nor in France but states no registration threshold, first-supply rule or representative requirement for such a supplier.
- Returns filed
- Depends on the business
Quote
Lorsque votre TVA à payer nette est inférieure à 4.000 € par an, la déclaration de TVA peut être déposée trimestriellement.
- Tax authority
- Registration page read 2026-10-23
Tax calendar
When the main returns and payments fall due in Monaco, tax year 2026, as the tax authority states it.
- Corporate tax return
- 3 months after the end of the accounting period · each year
The results return (déclaration des résultats) goes to the Direction des Services Fiscaux within 3 months of the close of the accounting period, i.e. before 1 April of the following year for a calendar-year company. No shift for a non-working day is stated.
Quote
Vous devez déposer ou adresser votre dossier à la Direction des Services Fiscaux dans les 3 mois de la clôture de l’exercice comptable (avant le 1er avril de l’année suivante si l’exercice coïncide avec l’année civile).
- Corporate tax, final payment
- 3 months after the end of the accounting period · each year
The balance of the tax, after deducting the provisional instalments, is paid within the same 3-month period as the return.
Quote
le solde de liquidation (acomptes provisionnels déduits) doit être réglé dans le délai de 3 mois précité
- Corporate tax, instalments
- Not in our records
monentreprise.gouv.mc inaccessible when checked
- Personal income-tax return
- Not levied here
Monaco levies no personal income tax on Monégasques and residents other than French nationals, who are governed by the 1963 Franco-Monegasque convention.
Quote
Les Monégasques et les résidents de la Principauté, à l’exception des nationaux français régis par la Convention bilatérale franco-monégasque de 1963, ne sont pas soumis à un impôt sur le revenu.
- Personal income tax, final payment
- Not levied here
Monaco levies no personal income tax on Monégasques and residents other than French nationals, who are governed by the 1963 Franco-Monegasque convention.
Quote
Les Monégasques et les résidents de la Principauté, à l’exception des nationaux français régis par la Convention bilatérale franco-monégasque de 1963, ne sont pas soumis à un impôt sur le revenu.
- Personal income tax, instalments
- Not levied here
Monaco levies no personal income tax on Monégasques and residents other than French nationals, who are governed by the 1963 Franco-Monegasque convention.
Quote
Les Monégasques et les résidents de la Principauté, à l’exception des nationaux français régis par la Convention bilatérale franco-monégasque de 1963, ne sont pas soumis à un impôt sur le revenu.
- VAT return
- Not in our records
monentreprise.gouv.mc inaccessible when checked
- Payroll withholding
- Not in our records
gouv.mc inaccessible when checked
Running the company
Running a company here
Not in our records The authorities’ pages on running a company have not been read for Monaco yet.
Economy and trade
What it exports
Goods Monaco exported, by product, as a share of its goods exports each year. Exports include goods passing through for re-export. A share describes Monaco’s own trade; it does not compare places.
Not in our records The trade data we use (CEPII BACI, January 2026 release) does not report Monaco separately.