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by Zsolt Szemerszky

Zsolt Szemerszky

How to declare a beneficial business owner in Monaco

How to declare a beneficial business owner in Monaco

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, on the financing of terrorism and corruption, 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 Register.

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 Register
  • Non-trading companies that are registered in the special register held by the Trade and Industry Register service

You can download this form here, or you can collect it from the Business Development Agency. (9 rue du Gabian, MC 98000, Monaco)

The form must be submitted to the Business Development Agency:

  • 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

Please feel free to contact us if you have any further questions or if you need administrative assistance.

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Interested in Relocation or Business formation in Monaco?

Zsolt Szemerszky is an independent Monaco Advocate & Revenue Specialist with 10 years experience in the Principality of Monaco. As an author of multiple books on Monaco, Zsolt is guiding new residents through the relocation process. He also helps businesses to navigate on Monaco's "water" and to create revenue productive strategies in order to capitalise their highest potentials.

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