PROPERTIES TRADER IN MONACO
The merchant of goods in Monaco
The merchant of goods is a trader who carries out real estate transactions, he acquires property to renovate at discounted prices, carries out improvement work and then resells it and thus makes a capital gain. He thus benefits from the legal status of trader, and must therefore be registered in the Trade and Companies Register, keep his accounts and produce annual accounts. To practice this profession, no diploma is necessary, it will just be necessary to create the necessary legal structure.
It is not a regulated activity in Monaco but it is subject to a separate tax regime, indeed the property dealer enjoys the privilege of being able to buy a property by paying only 1.5% instead of 6% notary fees, but the obligation to resell the apartment within 4 years. Once this period has elapsed and if he does not obtain additional time, he will have to pay the 4.5% notary fees saved during the purchase.
Today there are about 300 active property dealers in the Principality of Monaco in Monaco.
For further information, please contact MONACO PROPERTIES :
Tel. +377 97 97 33 97
Whatsapp : +33 6 40 62 65 76
Email : info@mpmonaco.com
