Business Entities

8.Société a Responsabilité Limitée (SARL)
Private limited liability company

Incorporation requirements

A Monegasque limited liability company needs to be of a commercial character with a minimum share capital of 15,000 euros divided into equal, fully subscribed shares between the partners. The paid up capital can be achieved over three years provided that payment is made into an account opened for that purpose with a Monegasque financial institution. The managing director of the SARL has to be a natural person.

The dossier required must be addressed to His Excellency, the Minister of State, and include the following documentation:

-Detail of the planned business and its estimated budget for the next 3 years;
-Two copies of the Articles of Association with the necessary legal inclusions  and registered by the Fiscal Services Department;
-Proof of occupancy of premises with agreement from the landlord where  applicable;

Personal details for each partner including :
-birth certificate,
-police record,
-certificates attesting to marital status,
-certified true copies of degrees and references,
-detailed curriculum vitae in French,
-residence permit or receipt of application for residency. 

Corporate partners will need to provide the following documentation :
-two certified true copies of the company's articles of association (with French  translation if possible),
-certificate from the registry of commerce in the country of origin,
-balance sheet and trading account for the past three years,
-Board of Director's decision to subscribe to the capital of the company being  set up,
-a commercial summary information sheet containing details such as the date of  creation of the company, its main activities, the countries where represented  and staff.   

Please contact us for further information