Understanding the process
Every legal entity that holds real property rights to one or more real properties situated within the Principality, whatever the location of the company headquarters or the law to which it is subject, must make an annual declaration to the Department of Tax Services of change or lack of change of the beneficial owner or of one of the beneficial owners of these rights.
The following are exempt from making this declaration:
- Sociétés Civiles (real estate holding partnerships) registered in Monaco, unless these companies are in the form of a Société Anonyme or Société en Commandite, whose assets include real property rights on real properties located within the Principality and whose partners are exclusively natural persons acting for their own account and whose identity is known by the Department of Tax Services
- These same Sociétés Civiles, when owned by another Société Civile registered in Monaco, unless in the form of a Société Anonyme or Sociéte en Commandite, whose partners are exclusively natural persons acting for their own account and whose identity is known by the Department of Tax Services
- Companies whose securities are admitted to trading on a regulated market and which have been recognised by the Monegasque authorities
The declaration must be sent to Department of Tax Services.