Can business in Monaco change it’s legal entity type?

Indeed, it is possible for a business in Monaco to alter its legal entity type. This process entails various steps, such as seeking advice from experts, establishing a new entity, transferring assets and operations, discontinuing the old entity, and informing relevant parties. The procedures involved may differ depending on the existing and preferred business structures and regulations. It is essential to seek guidance from professionals and ensure compliance with all requirements to prevent any adverse legal or financial consequences.