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Introduction | Information
MONACO
 
In the context of the offshore world, Monaco is something of an anomaly - not a tax haven in the usual sense of the world, yet the majority of its residents live in the Principality on a tax-free basis; not an offshore jurisdiction in the sense that the term is used in the tax-planning world, yet a splendid place from which to administer foreign offshore trusts and companies.
The term "foreign" offshore companies is used to emphasize the point that "shelf" or "ready-made" companies cannot be incorporated in the Principality but that entities from any other jurisdiction can be properly managed and controlled from Monaco.
- No exchange controls
- Secure and politically stable
- No income or capital gains tax for non-French, resident individuals.
- Foreign offshore companies, managed and administered by a fully authorised Monégasque management company, are not subject to Monégasque corporation tax.
- Only one double taxation agreement (France)
- No central registry of foreign offshore companies where searches of such companies can be conducted.
- Immediate company availability
- Excellent private bank network
- Political, economic and social stability
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