Monaco Business, Banking & Venues

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Monaco Business, Banking & Venues

Business in Monaco

Monaco has a flourishing economy with approximately 8,000 more jobs than residents.

• For a breakdown of the sectors involved in the Principality's economy: Click here 
• Investment information for Monaco: Click here 
• The Monegasque Government provides a wealth of information regarding setting up a business in the Principality and the obligations of employers and entrepreneurs: Click here 
• For more information on setting up a business in Monaco: Click here 
• The Monaco Consulate in New York provide a guide to Doing Business in Monaco: Click here 

Tax and Banking

For many years Monaco has benefited economically from its attitude towards tax and banking. The banking community has a strict code of confidentiality towards its clients. 

In 1869, Prince Charles III of Monaco ordered that revenue would not be taxed in Monaco, this remains true and taxation is very low in the Principality.

• The tax system in Monaco, explained for businesses and individuals: Click here 
• For more information on tax in Monaco: Click here
• For information on Monaco's Private Banking system: Click here 

Conferences and Events

Monaco is a popular venue for conferences and meetings; the Principality has many venues. It is also host to a number of prestigious events and trade shows.

• For a list of Congress Centres in Monaco and Monte Carlo: Click here 
• For a guide to the facilities available in Monaco: Click here 
• For a list of events and festivals hosted in Monaco: Click here 

Société des Bains de Mer (SBM)

Société des Bains de Mer Resort (SBM Monte-Carlo) was established in 1863 by Prince Charles III of Monaco. The Group's primary activity is the management of casinos and hotels in Monaco, with it owning the Principality's best hotels, casinos, and banks. These include Casino de Monte-Carlo, Cafe de Paris and Sun Casino, the Hotel de Paris, Hotel Hermitage, Piscine des Terrasses, Monte Carlo Beach Hotel and Monte-Carlo Sporting Club.

• Bains de Mer Monaco (SBM) 
  At: Sporting d'Hiver, Place du Casino, 98000 Monte-Carlo, Monaco 
  Tel: (+377) 92 16 20 00 
  Fax: (+377) 92 16 38 60
  Website