Tax system - Monaco Monte-Carlo

Apart from with France, the Principality has signed no other bilateral fiscal agreements.

   Individuals

Persons residing in Monaco (except French nationals) do not pay tax on income, on betterment or on capital. For French nationals, two distinct categories exist :

• French nationals who can prove that they resided in Monaco at least 5 years before October 31, 1962 are subject to the same system as other nationalities.


• Other French residents are subject to French income tax collected by the French administration.

Assets located in Monaco are subject to the following inheritance tax rates :

• in direct line of descendance : 0%
• between brothers and sisters : 8%
• between uncles and nephews : 10%
• between relatives : 13%
• between non-relatives : 16%

   Businesses

There is no direct tax on companies apart from the tax on profits mentioned in the previous cases.

   Fiscal stamps and registration duties

Fiscal stamps must be obtained for all official civil and judicial acts. In addition, all documents which could be produced as evidence in a court of law must be stamped in order to be valid. Stamp costs are either a fixed fee or depend on the format of the document or the values involved in the acts. Registration duties are collected for the registration of real estate transfers or change of ownership. The most commonly applied rates are as follows :

• 1% for leases, subscription or transfer of shares in a company
• 6,5% for the sale of real estate
• 7,5% for the transfer of goodwill, clientele or real estate