Exploring the Benefits and Processes of Establishing an SCI in Monaco: Introduction
Why consider an SCI in Monaco?
The SCI is a legal structure allowing several persons, natural or legal, to jointly own and manage one or more real estate properties. It offers significant flexibility in the management and transfer of assets.
Key benefits:
- Simplified collective management: The SCI makes it possible to centralise the management of real estate, thus facilitating decision-making and the distribution of expenses between partners.
- Easy transmission: The transfer of shares is more flexible than the sale in joint ownership, allowing a gradual transfer of assets, particularly within a family framework.
- Tax optimisation: In Monaco, inheritance tax in the direct line (between parents and children or between spouses) is non-existent, which is a significant advantage for the transfer of assets.
- Confidentiality: Unlike other jurisdictions, information relating to the partners of a Monegasque SCI is not accessible to the public, thus guaranteeing appreciated discretion.
The steps involved in setting up an SCI in Monaco
- Project definition: Clarify the objectives of the SCI (acquisition, management, transmission) and identify the partners.
- Drafting of the articles of association: Establish the operating rules of the company, including the distribution of shares, the appointment of the manager, the terms and conditions for the sale of shares, etc.
- Check in: File the articles of association with the competent authorities in Monaco and obtain registration in the Special Directory of Civil Companies.
- Administrative management: Keeping regular accounts, organising general meetings and complying with reporting obligations.
- It is essential to note that the creation of an SCI in Monaco requires the support of qualified professionals to ensure the legal and tax compliance of the structure.
Monaco Properties: your preferred partner
At Monaco Properties, we specialise in supporting individuals and companies in their real estate projects in Monaco. Although we do not directly carry out the administrative procedures for setting up an SCI, we work closely with a network of trusted partners, experts in their respective fields, to offer you a complete and personalised service.
Our services include:
- Property Search: We help you find the apartment, villa, office or commercial space that suits your needs and budget.
- Putting you in touch with experts: We refer you to Monegasque notaries, lawyers and chartered accountants for the creation of your SCI and the management of your legal obligations.
- Personal advice: We analyse your situation to offer you solutions adapted to your wealth and tax objectives.
Contact us
To find out more about setting up an SCI in Monaco and benefit from our support, do not hesitate to contact us:
- Phone: +377 97 97 33 97
- WhatsApp: +33 6 40 62 65 76
- Email: info@mpmonaco.com
Our team is at your disposal to answer your questions and guide you in the realization of your real estate projects in Monaco.
Please note that the information provided is general and is not a substitute for personal legal or tax advice. As each situation is unique, we recommend that you consult a professional for an analysis adapted to your case.
Disclaimer: As a Monaco real estate agency, we partner with authorized local companies to assist with relocation, residency, and other services beyond real estate transactions. We do not provide legal advice, and our services should not be seen as legal counsel. For specific needs, we collaborate with local professionals. Information on our website and blog is for general purposes only and does not reflect individual legal procedures.
