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.
Never miss a thing. Subscribe to our Monaco newsletter!
Unlock Members only contents
Our membership offers you access to the member’s only content of the Living in Monaco website. The membership gives you immediate access, and you can cancel your subscription at any time.
Already a member with a valid subscription?
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.
We can help you to establish your business in the Principality of Monaco in the most efficient way. We can help you to identify the right corporate structure, to find the desired office space, and to implement your branding and revenue strategy to the local business scenery.
Monaco residence permit
With 10 years of local experience, we offer unparalleled guidance for new residents in the Principality of Monaco. We can help you and your family to settle, to find a school, to register your car, and to feel at home in Monaco from the very first day.
Bank account opening
Through our trusted and Government authorised Monaco bank we are able to offer exceptional banking services. It is a unique opportunity to open private, corporate and trust accounts, both for Monaco residents and non-Monaco residents.
Marketing & Brand awareness
Thanks to our exclusive partners, including the branding and marketing strategists, we can offer you online, printed and luxury television campaigns, reaching our every household and hotels in Monaco.