Real Estate Civil Company - SCIs in Monaco: A Strategic Advantage for Real Estate Investment
What is an SCI in Monaco?
An SCI is a legal structure that allows several individuals, natural or legal, to jointly own and manage one or more real estate properties. In Monaco, the SCI offers specific advantages:
- Increased confidentiality : Unlike in France, information on the partners of a Monegasque SCI is not accessible to the public, unless officially requested by the competent authorities.
- Flexibility of management : The articles of association of the SCI can be adapted to the needs of the partners, in particular with regard to the distribution of shares and the decision-making procedures.
- Facilitated transfer : Holding assets via an SCI makes it easier to transfer assets, especially in the event of inheritance.
Tax advantages of an SCI in Monaco
Monaco's tax system is particularly favourable:
- Absence of income tax : Monegasque residents are not subject to income tax, except for French nationals who remain taxable in France.
- Reduced inheritance tax : In Monaco, inheritance tax varies from 0% (between parents and children or between spouses) to 16% (between non-relatives), which is significantly lower than the French rates of up to 60%.
- Optimisation for assets located in France : Thanks to the Franco-Monegasque tax treaty of 1 April 1950, the shares of a Monegasque SCI holding assets in France may, under certain conditions, escape French inheritance tax.
Process of setting up an SCI in Monaco
The creation of an SCI in Monaco involves several steps:
- Drafting of the articles of association : Defining the operating rules of the company, they can be drawn up by private signature or by notarial deed.
- Tax registration : The articles of association must be registered with the Monegasque Tax Services.
- Registration : The SCI is then registered in the Special Directory of Civil Partnerships (RCI) of Monaco.
It is recommended that you call on professionals (notaries, lawyers, accountants) to assist you in these steps.
Monaco Properties: your trusted partner
Monaco Properties assists you in all stages of your real estate project:
- Property search : We help you find the apartment, villa or commercial space that suits your needs.
- Putting you in touch with experts : For the creation of your SCI, we direct you to trusted partners (notaries, lawyers, chartered accountants) specialising in Monegasque law.
- Personalized advice : As each situation is unique, we offer you tailor-made support to optimize your investment.
For more information or to discuss your project, please do not hesitate to contact us.
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.
