Understanding the process
The trader (or their assignees) must request their removal within the two months that follow the termination of activity.
Sale of the business:
It is in the interests of the trader to remove their sole proprietorship as soon as the publication formalities have been completed.
In fact, the article 13 of Act n°721 of 27 december 1961 provides that the trader can only oppose the termination of their commercial activities in order to evade the obligations undertaken with their transferee when the company has been removed from the trade registry (RCI).
Withdrawal of permit to carry out a business or revocation of the effect of a statement:
The trader must request their removal when their decision is definite, meaning that they are not likely to go back on their decision.
You must provide the following documents:
- In the event of sale of the business or tenancy rights: two announcements of the sale in the Journal de Monaco and an original, registered assignment deed
- In the event of the death of the trader: original death certificate (translated into French if necessary)
- In the event of delegation of the proxy: original proxy signed by the individual manager
The application must comprise the completed, dated and signed forms, in duplicate, and supporting documents.
It must be submitted or sent off to the Non-trading Companies Special Registry of the Business Development Agency, accompanied by payment of the €25 for the deregistration fees. This can be paid by cheque made payable to the "RCI" (Trade and Industry Registry), or in cash or bank card to the counter of the service.
Postage costs will need to be added to these deregistration fees if documents are sent.