How to Establish a Civil Company (Société Civile) in Monaco: A Step-by-Step Guide
2024-06-12
The Complete Guide to Setting Up a Civil Company (Société Civile) in Monaco
Creating a civil company, or Société Civile, in Monaco offers a streamlined and straightforward process for those looking to manage real estate assets or pool resources for professional practices. This guide provides a comprehensive overview of the principles, conditions, and necessary steps to successfully establish a civil company in Monaco.
Source : Information in this article are based on the article of Monaco Service Public - How to register a non-trading company
Understanding Civil Companies in Monaco
Principles and Conditions:
Civil companies in Monaco are designed to undertake purely civil operations, such as managing a real estate portfolio (SCI) or combining resources for professional activities. These entities are governed by the Civil Code (articles 1670 to 1711) and Law No. 797 of February 18, 1966. Unlike other business structures, the creation of a civil company in Monaco does not require any publicity formalities, making the process relatively straightforward.
Key Characteristics:
- Governed by the Civil Code and specific laws.
- Registered in the special register of civil companies.
- Not subject to publicity formalities during creation.
Step-by-Step Process to Create a Civil Company in Monaco
1. Obtain and Complete the Registration Form:
The first step in creating a civil company is to obtain the "Registration Request" form that can be downloaded online. This form is crucial for officially starting the registration process.
2. Gather the Required Documents:
To complete your application, you will need to provide several essential documents:
- Registration Request Form: Submit in duplicate.
- Statutes Document: One copy of the statutes, with proof of registration from the Tax Services.
- Proof of Identity for Manager(s) and Representative(s):
- Individuals: A birth certificate, marriage certificate, or a copy of an identity card, residence permit, or passport.
- Legal Entities: An extract from the commercial and industrial register, an equivalent document for foreign companies, or a registration certificate from the civil companies register for Monegasque civil companies.
- Representatives of Legal Entities: If the representative is not listed on the registration extract, provide proof of identity (as detailed above) and, if applicable, a copy of the decision conferring this status, with a French translation if necessary.
- Proof of Address for Manager(s): This can be a utility bill, lease agreement, or any official document showing the manager’s address.
3. Submit or Send the Dossier:
The completed dossier, along with the required documents, must be submitted to the Economic Expansion Directorate. The submission must include the payment of the registration fee, which is 75 euros. Payment can be made by check (to the order of RCI), in cash, or by bank card at the RCI counter. Additionally, consider postal fees if documents are sent by mail (e.g., a copy of the form, registration, or deregistration certificate).
Benefits of Establishing a Civil Company in Monaco
Creating a Société Civile in Monaco offers several advantages, including:
- Simplified registration process without the need for publicity formalities.
- Legal framework specifically designed for civil operations.
- Potential for efficient management of real estate assets or professional resources.
Conclusion
Establishing a civil company in Monaco is a relatively straightforward process that involves obtaining and completing the necessary forms, gathering the required documents, and submitting the dossier with the appropriate fee. By following these steps, you can efficiently manage your real estate investments or professional resources under the structured and favorable conditions provided by Monaco's legal framework.
For further assistance and personalized advice on setting up a civil company in Monaco, feel free to contact Monaco Properties. Our team of experts is here to guide you through every step of the process.
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Source : Information in this article are based on the article of Monaco Service Public - How to register a non-trading company
