Procedure How to establish a Business as a Sole Trader

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Welcome Office

9, Rue du Gabian (1er étage)
Fontvieille
MC 98000 MONACO

Welcome Office :
(+377) 98 98 98 98

Fax : (+377) 98 98 48 70

Opening Hours : from 9.00am to 5.00pm from Monday to Friday

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Welcome Office

9, Rue du Gabian (1er étage)
Fontvieille
MC 98000 MONACO

Opening Hours : from 9.00am to 5.00pm from Monday to Friday

Phone : (+377) 98 98 98 98

Fax : (+377) 98 98 48 70

Send us an email
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Principle and conditions

In order to establish a business as a Sole Trader, natural persons of foreign nationality, and Monegasque  who wish to carry out certain business activities that require authorisation, must make an application for a business permit and provide all supporting documents. (See activities subject to authorisation )

Natural persons of Monegasque nationality must make a declaration of intent to carry out a business activity and provide all supporting documents.

1

Obtaining and completing the forms

To get the forms you can either:

  • Download them here:
  • Or collect them from the Business Development Agency

2

Collating the documents

Documents to be provided:

  • The completed form “Application for permit to carry out a business activity in the Principality of Monaco”
  • The “Personal Information” form
  • A civil-status document:
    • A certificate of nationality or copy of ID card for Monegasques
    • A photocopy of the residence permit for residents
    • A copy of the ID card or passport for foreigners
  • A birth certificate
  • A copy of the applicant’s criminal record, not more than three months old. This should be obtained from:
    • The General Court Registry of Monaco for residents
    • The national criminal records office or over the internet for persons residing in France

When access to a business activity is subject to specific conditions stipulated by law, the applicant must provide the administrative documents proving that he/she fulfils the required criteria (certificates, proof of professional experience, certificate of nationality, etc.).

If the planned activity involves the purchase of an existing business (either commercial or related to a skilled trade):

  • The agreement to transfer the business or transfer deed

If the planned activity involves the creation of a new business (either commercial or related to a skilled trade)

  • Either the agreement to transfer tenancy rights or the transfer deed; or
  • The purchase agreement or title deed for the premises; or
  • The occupancy agreement

If it involves management under lease:

  • The management under lease contract must be submitted

3

Applying for a business permit

The application for a business permit must be submitted to the Business Development Agency.

The statutory period for review of the application is three months from notification of its eligibility.

4

Registration and formalities

Once authorisation to practice an activity has been issued, the following formalities must be completed:

The Trade and Industry Registry Office ensures that the legally required public notice formalities have been carried out in cases where there is a transfer of business, or transfer of tenancy or lease-management rights.

When the activity is of a civil nature (for example advisory, professional expertise, etc.) or related to skilled trade it is not recorded in the trade register.

All stages of post-authorisation procedures are described on the document attached –  Download file Post-authorisation procedures Post-authorisation procedures - hard copies also available in French, English and Italian at the MWBO

1

Obtaining and completing the forms

2

Collating the documents

Documents to be provided:

  • The completed form “Monegasque declaration of business activity in the Principality of Monaco”.
  • The “Personal Information” form
  • A certificate of nationality 
  • A copy copy of ID card 
  • A copy of the applicant’s crminal record, not more than three months old. This should be obtained from the General Court Registry of Monaco
  • The “Information on business premises” form
  • A deed of occupancy

If the planned activity involves the purchase of an existing business (either commercial or related to a skilled trade):

  • The agreement to transfer the business or transfer deed

If the planned activity involves the creation of a new business (either commercial or related to a skilled trade):

  • Either the agreement to transfer tenancy rights or the transfer deed; or
  • The purchase agreement or title deed for the premises; or
  • The occupancy agreement

If it involves management under lease:

The management under lease contract must be submitted

3

Declaring a business activity

The declaration of business activity including all supporting documents must be submitted to the Business Development Agency.

It is returned with a receipt, dated and signed by the Minister of State, within two weeks from the date of submission of the declaration.

5

Registration and formalities

Once the receipt of the declaration of activity is issued, the following formalities must be completed:

The Trade Registry Office ensures that the legally required public notice formalities have been carried out in cases where there is a transfer of business, or transfer of tenancy or lease-management rights.

When the activity is of a civil nature (for example advisory, professional expertise, etc.) or related to skilled trade it is not recorded in the trade register.

All stages of post-authorisation procedures are described on the document attached –  Download file Post-authorisation procedures Post-authorisation procedures - hard copies also available in French, English and Italian at the MWBO

Last update: 04/10/2012

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