Holding Company in Monaco
A holding company has no active operations, ventures, or other responsibilities. It was established primarily for the aim of acquiring assets. To put it another way, the company makes no purchases or sales. Instead, it is established to acquire control of one or more businesses. We offer a wide range of business solutions which include business setup and registration. We can help set up a Holding company in Monaco.
Setup a Holding Company
Our holding company formation solutions:
- documents preparation and filing,
- annual report preparation,
- paycheck and exclusion management,
- establishing a bank account.
Holding company formation procedure
The first step in forming a holding company is to research the formation process in the state where the company will be based. Choose a name for the holding corporation. To see if the name is accessible, contact the Secretary of State’s office. Follow the instructions to complete the articles of incorporation form. Include a statement that summarizes the company’s objectives. List the names and addresses of the holding company’s inaugural board of directors.
Requirements to form a Holding company
At least two (2) subsidiary firms must be established, both of which must be Limited Liability Companies. Within 90 days of its incorporation, a majority of the directors of the prospective holding company must declare that the company will acquire more than 50% of the nominal value of each subsidiary’s share capital. To use the term “Holding” in the company’s name, the applicant must file a formal request.
Necessary documents
The following details will be required on the application form:
- Name of the business,
- Details of the directors – a minimum of one are necessary,
- Shareholders’ details – minimum of one necessary,
- Capitalization statement,
- Articles of Association and Memorandum,
- People in positions of power.
Form a Holding company in Monaco
We assist a diversified conglomerate in identifying new business prospects, developing strategies for the holding company’s subsidiary businesses, and defining the center’s strategic and operational role.
Other legal forms in Monaco
The Monegasque Commercial Code, which is based on the French one, governs the most popular type of business in Monaco.
The fundamental distinction between the Monegasque business organization and that of other foreign economies is that the SARL was not a corporate entity until 2007.
The sole proprietorship, general partnership (SNC), limited partnership (SCS), limited partnership with shares (“SCA”), general business corporation (SAM), and limited liability company (SARL) are the most common business structures in Monaco.