0% personal income tax for residents (non French), 25% CIT only if 25%+ revenue outside Monaco. Wealth and lifestyle hub.
When Monaco is the right call, and when it is not.
Monaco residency requires evidence of around €500K-€1M deposited with a CCAF supervised bank, plus genuine local housing. In return, residents pay 0% personal income tax on worldwide income, with the exception of French nationals covered by the 1963 Franco-Monégasque treaty.
Monaco companies generating 75% or more of turnover from activities conducted in Monaco pay 0% corporate tax. Above 25% foreign source revenue, the standard 33.33% rate applies. So the regime rewards genuine local substance, not letterbox structures.
The Monaco Société Anonyme Monégasque (SAM (Société Anonyme Monégasque)) requires €150K minimum share capital and government authorisation, but it's the recognised vehicle for regulated activities including private banking, asset management and insurance. SARL or SCS suit smaller operating businesses.
The 1963 Franco-Monégasque treaty keeps French nationals taxed in France regardless of Monaco residency, and Monaco was added to the FATF grey list in June 2024. For French founders, Monaco rarely solves the tax problem cleanly.
Monaco is a wealth and family office jurisdiction, not a startup hub. Setup runs €15K-€50K, banking takes weeks, and US VCs will require a Delaware flip anyway.
Working data for Monaco. Cite check each figure before use.
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Each rate, threshold, and deadline below is cited from an authoritative source.
Information is provided for general guidance and reflects tax year 2025 unless noted. Specific situations require advice from a local practitioner. Always confirm against the cited tax authority and registrar before relying on a figure.