How to remove your sole proprietorship
Direction de l'Expansion Économique
9 rue du Gabian
MC 98000 MONACO
Business Development Agency :
(+377) 98 98 98 00
Fax : (+377) 92 05 75 20
Opening Hours : from 9h30 to 17h00 from monday to friday
Principle and conditions
The trader (or their assignees) must request their removal within the two months that follow the termination of activity.
Sale of the business:
It is in the interests of the trader to remove their sole proprietorship as soon as the publication formalities have been completed.
In fact, the article 13 of Act n°721 of 27 december 1961 provides that the trader can only oppose the termination of their commercial activities in order to evade the obligations undertaken with their transferee when the company has been removed from the trade registry (RCI).
Withdrawal of permit to carry out a business or revocation of the effect of a statement:
The trader must request their removal when their decision is definite, meaning that they are not likely to go back on their decision.
Obtaining and completing the form
To get this form, you can either:
- Download it here Demande de radiation (commerçants - modèle P3) (355-0007_01-2014)
- Or collect it from the Business Development Agency
Collating the documents
You must provide the following documents:
- In the event of sale of the business or tenancy rights: two announcements of the sale in the Journal de Monaco and an original, registered assignment deed
- In the event of the death of the trader: original death certificate (translated into French if necessary)
- In the event of delegation of the proxy: original proxy signed by the individual manager
Submitting the documents
All of the documents, including two signed and dated completed copies of the form, in addition to the supporting evidence are submitted or sent off to the Trade and Industry Registry at the Business Development Agency. You must pay the deregistration fees, which cost €15 by cheque made payable to the Trade and Industry Registry (RCI) or in cash at the service counter.
If the documents, such as a copy of the deregistration form or copy of the company’s entry in the Trade and Industry Registry, are sent in the post, then postage fees must be added to these registration fees.