Joint Stock Company in Monaco
A Joint Stock Company/Corporation is a company that is owned by its shareholders, with each shareholder receiving a share based on the amount of stock purchased.
A Joint Stock Company is a legal body that exists without the participation of its stockholders. Shareholders might be individuals or corporations. The law prohibits non-governmental organizations from owning ownership in a joint-stock company.
The shareholders elect the Board of Directors for a three-year term at the Shareholder Assembly. The Board of Directors of a Joint Stock Company is in charge of the company’s operations. At least one Managing Director must be appointed by the company’s Board of Directors.
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Joint Stock Company registration conditions
At least two shareholders are required for a SAM. There is no limit on how many stockholders a company can have.
Timeline
It takes up to 60 days to register Joint Stock Company in Monaco.
Fees
It can cost around 5,380 EUR to register Joint Stock Company in Monaco. Contact us to discover our incorporation fees.
Compulsory regulation
SAM’s articles of association must be notarized and published in the Journal de Monaco before being filed with the court registrar. There must be at least two shareholders, as well as at least two shareholders on the Board of Directors. For the incorporation to be valid, the share capital must be fully subscribed, and each shareholder must pay at least a quarter of the nominal value of their shares. Within three months of the license being issued, the first shareholders’ meeting must be conducted. The auditors for the corporation must be based in Monaco.
Documents
For all types of businesses, the following documents are required:
- Authorization request sent to the Minister of State,
- Description of the company’s operations,
- Contract for a Monaco commercial location,
- Form for gathering information about a company (available online),
- Profit and loss expectations for the next 36 months must be provided.
We assist in the preparation of this legal paperwork.
Consultation about Joint Stock Company registration
Our consultation services for registering a Joint Stock Company in Monaco are tailored to assist you in every aspect of setting up your business. Our experienced advisors will help you with everything from preparing paperwork to securing required permits and registrations, ensuring a streamlined and effective process. We offer personalized advice on legal obligations, share capital, and corporate framework to support you in making well-informed decisions that match your business objectives.
Ownership management
Handling ownership of a Joint Stock Company can be complicated yet essential. Our services involve managing changes in ownership, overseeing beneficial owners, and handling ownership transfers. We guarantee that all ownership changes are correctly recorded and adhere to current regulations.
Corporate structure changes
As your company grows, the corporate structure may also need to evolve. Our services can help you easily and efficiently make changes such as updating director information, updating nominee details, or making other structural adjustments.
Share capital management
Proper management of your company’s share capital is essential for its financial well-being. Our services can assist you with modifying, decreasing, selling, or transferring share capital, guaranteeing that all actions abide by legal regulations and are executed accurately.
Other legal forms in Monaco
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.
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