Procedure How to declare a beneficial owner

Print page

Contact details

Direction de l'Expansion Économique

9 rue du Gabian
MC 98000 MONACO

Trade and Industry Registry :
(+377) 98 98 98 02

Fax : (+377) 92 05 75 20

Opening Hours : Open from 9.30 am to 5 pm from Monday to Friday

Send us an email

Map

See on a map

Direction de l'Expansion Économique

9 rue du Gabian
MC 98000 MONACO

Opening Hours : Open from 9.30 am to 5 pm from Monday to Friday

Phone : (+377) 98 98 98 00

Phone : (+377) 98 98 98 02 - Trade and Industry Registry

Fax : (+377) 92 05 75 20

Send us an email
0

 

Principle and conditions

Within the meaning of  Act no. 1.362 of 03 August 2009 pertaining to the fight against money laundering and the financing of terrorism and corruption, amended, a beneficial owner is:

  • The natural person or persons who ultimately own(s) or control(s) the client
  • The natural person or persons for whom a transaction or an activity is carried out 

The beneficial owners must be entered in the register entitled "Register of Beneficial Owners", annexed to the Trade and Industry Registry (RCI).

 

The following legal persons and entities are required to declare their beneficial owners:

  • Commercial companies and economic interest groups that are registered in the Trade and Industry Registry
  • Non-trading companies that are registered in the special register held by the Trade and Industry Registry service

1

Obtaining and completing the form

To get this form you can either:

2

Submitting the application

The declaration must be duly completed and signed by the person making the declaration. The original copy is sent to the Business Development Agency by the person making the declaration or by a representative with a special power of attorney, the original of which should be attached to the declaration. Declarations which are not duly completed and/or are not accompanied by the supporting documents required to establish the accuracy of the declarations will not be accepted.

Declarations must be submitted:

  • When applying for registration with the RCI or at the latest within 15 days of delivery of the receipt
  • Within 30 days of any fact or action requiring the rectification of, or addition to, the information mentioned therein

 

To avoid being rejected, declarations must be accompanied by:

  • For residents, a copy of the front and back of a national identity card or valid residence permit belonging to the beneficial owner
  • For non-residents: a copy of the front and back of a national identity card belonging to the beneficial owner, a copy of proof of address, if the address is different
  • If required, an original copy of the special power of attorney
  • Supporting documents such as those listed below

 

N.B.

The following list is not exhaustive and is provided as an indication to guide you as to which documents may be considered as supporting documents:

  • Articles of association
  • Attendance sheet showing the company’s shareholders
  • Share transfer deed
  • Minutes
  • Up-to-date extract dated within the last three months

 

To facilitate processing of the application, you are advised to send a diagram illustrating ownership structure in complex identification cases.

Documents in a foreign language must be accompanied by a translation into French

Last update: 01/07/2022

CONTACT WELCOME OFFICE
+377 98 98 98 00

or

click here

LATEST SITE UPDATES

Factsheets, sections, or press releases that have been added recently or updated.

See the latest site updates