I. SCI Companies (Societe Civile Immobiliere)

Non-residents of Monaco can purchase real estate in France and Monaco through a special form of SCI companies.

SCI can own one or several real estate objects, has a legal address in Monaco (simple postal
subscriber address), often for the purpose of inheritance, the founders of SCI are family members, which simplifies the procedure for inheriting real estate to direct relatives. Also thanks to SCI it is impossible to find out the names of persons who have purchased the property - this information will remain completely confidential and will only be disclosed by a Monaco court.

SCI registration procedure in France and Monaco

A simplified foundation scheme allows you to submit a minimum package of documents - you only need documents that determine the country of tax residence and personal documents (passports, marriage certificates, etc.).

Establishing a company can be divided into the following stages:

1. Drawing up and signing by all participants of the Charter of the company.
2. Registration of a corporate account, capital deposit (no limit on the amount).
3. Submission of incorporation documents to the tax office and the Chambre de Commerce et d'Industrie (Chamber of Commerce) of France.
4. Obtaining Kbis, submitting it to the bank for opening a permanent account on SCI.

SCI is quite beneficial for indirect ownership of real estate in France, as it greatly simplifies the transfer of assets, and also allows you to separate the residence or office from the main business. The number of assets owned by such a company is not limited, but when income is received, tax liabilities arise and accounting documentation becomes more complicated.

II. SARL registration

JOINT-STOCK COMPANY

To register a SARL (limited liability company) in Monaco, you need to submit an application to the appropriate authority and obtain a business permit. Founders can be individuals or legal entities (including foreign companies, trusts). The minimum number is 2 people. The position of Managing Director can only be held by an individual resident in Monaco.

SK MonteCarlo provides the services of a hired Director in Monaco for your Company, who reports on the activities of the Company, so the Company is under your complete control.

For registration of a company, the authorized capital is 15 thousand Euros. These funds must be deposited into a local bank account.

SK MonteCarlo is engaged in opening a corporate bank account.

In the official Journal de Monaco, we publish information about the new organization, including its founding documents and Articles of Association..

III. SAM registration

SAM is a company where not only the Director, but also the Board of Directors of the organization is in charge of the activities.

The company can engage in financial, insurance, commercial, construction and other activities. At the time of the registration procedure, a mandatory contribution to the corporate account of the Company of at least 150 thousand Euros is required.

This action (depositing funds with a local bank) requires a notarial confirmation. We fully accompany this service with our Notary.

The power of attorney and mandate define the responsibility of the person holding the position of the Director of the Company (no personal responsibility). The contributions of the company founders limit their liability. The constituent documents and Articles of Association of the new company are approved and confirmed by the authorized bodies of the State of Monaco with our full assistance.

KS Monte Carlo offers premises and offices for rent for your New Business in Monaco.