Frequently Asked Questions
Q: Who can establish a Private Equity fund in Monaco?
A: A management company (existing asset manager or newly created entity) licensed to manage a Private Equity fund together with a local credit institution (Monegasque bank or international bank with local branch).
Q: Does Monaco have any tax cooperation agreements?
A: Andorra, Argentina, Australia, Austria, Bahamas, Belgium, Denmark, Finland, Faroe Islands, Germany, Greenland, Iceland, Liechtenstein, Luxemburg, Netherlands, Norway, San Marino, Samoa, Seychelles, St. Kitts & Nevis, Sweden, United States, Qatar
Q: Does Monaco have any tax information exchange agreements?
A: Andorra, Argentina, Australia, Austria, Bahamas, Belgium, Germany, USA, Liechtenstein, Netherlands, San Marino, Samoa (Sep 2010)
Q: Are there any benefits to transfer an existing Private Equity fund to Monaco?
A: The current (new) legislation provides an adapted general framework for creating and managing investment funds tailored to specific clients if needed.
Q: Are there any benefits of transfering an existing management company to Monaco?
A: Management companies in Monaco can manage foreign funds within a clear regulatory framework. The individual fund managers can enjoy benefits such as marketing and “Monaco branding” opportunities as well as attractive regulation regarding key management compensation.
Q: How do I establish a Private Equity fund and how long does it take?
A: The fund establishment may involve obtaining authorisation and licence from the authorities to create a management company, and declaration to the Financial Activities Supervisory Commission (CCAF) to manage a fund. The Private Equity fund is created by the management company and the local custodian. The fund establishment process typically takes between three to six months.
Q: How are Private Equity funds taxed in Monaco?
A: Private Equity funds are not subject to taxation.
Q: Are Private Equity professionals interested in Monaco as a fund management destination?
A: More and more fund managers are analysing the current framework and consider Monaco as an opportunity to relocate all or part of their activities.