NOTARIES IN MONACO

The three notaries of Monaco (Monte-Carlo)

Master Henry Rey
2 Rue Colonel Bellando de Castro, 98000 Monaco
+377 93 30 41 50
Maître Nathalie Aureglia-Caruso
4 Bd des Moulins, 98000 Monaco
+377 93 10 60 60
Maître Magali Crovetto-Aquilina
31 Bd Charles III, 98000 Monaco
+377 93 50 54 13

Notary fees in Monaco according to the different situations

For the purchase of a property by a natural person or by a Monegasque civil company with natural shareholders: 6% of the purchase price (1.5% notary fees + 4.5% registration fee).
For the purchase of a new property or in the future state of completion: 2.5% of the purchase price (1.5% notary fees + 1% registration fee).
For the purchase of a property as a property dealer (activity in personal name or in S.A.R.L.): 1.5% of the purchase price (notary fees only). The property merchant will have 4 years to resell the property otherwise a penalty of 6%, in addition to the transfer tax of 4.5%, will be applied to the value of the property.
For the purchase of shares in a real estate company registered in Monaco and owner of a property: 4.5% registration fee calculated on the value of the property + notary or lawyer fees.
For the purchase of a property for a legal entity (offshore company, S.A.R.L., S.A.M.): 9% of the purchase price (7.5% registration fee + 1.5% notary fees)
For the purchase of a property in life annuity: The notary fees are calculated on the value of the bouquet + on the sum of 10 years of annuity: 6% of the purchase price (1.5% notary fees + 4.5% registration fee).

Drafting of the deed of sale of a property

The deed of sale drawn up by the notary in Monaco contains :

The identity of the seller(s)
The identity of the purchaser(s)
Description of the residence in which the real estate is located
The description of the real estate subject to the sale
The history of the different owners of the properties
Real estate purchase costs
In some cases, the details of the mortgage

Once the conditions of the sale have been lifted and the deed of sale signed by the seller and the buyer, the notary will provide a certificate to both parties and will credit the seller with the sale price less agency fees within two weeks.