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PROPERTIES TRADER IN MONACO
The property trader is a trader who carries out real estate transactions, he acquires property to be renovated at discounted prices, carries out improvement work and then resells it and thus makes a profit. He thus benefits from the legal status of trader, and must therefore be registered in the Trade and Companies Register, keep his accounts and draw up annual accounts. To exercise this profession, no diploma is required, just the creation of the necessary legal structure.
This is not a regulated activity in Monaco but it is subject to a separate tax regime, in fact the property trader enjoys the privilege of being able to buy a property by paying only 1.5% instead of 6% notary fees, but is obliged to resell the flat within 4 years. Once this period has elapsed and if he does not obtain any additional time, he will have to pay the 4.5% of notary fees saved at the time of purchase.
There are currently around 300 property dealers active in the Principality of Monaco.