Monaco has a reputation as banking centre for the rich and famous to lodge their assets. For businesspeople, a Monaco corporate bank account is also an attractive option because of the principality's secure banking industry and advanced infrastructure. The following information will help you determine whether a Monaco corporate bank account is the optimum solution for you:

Monaco is a reputable, politically-stable European principality.

Because of its image as a tax haven, a company operating a Monaco corporate bank account may portray a negative image internationally.

It is relatively easy to open a Monaco corporate bank account.

Unlike bank accounts in some Caribbean tax havens, a Monaco corporate bank account is a secure long-term solution. The principality is one of the few remaining 'uncooperative' tax havens listed by the Organisation for Economic Cooperation and Development (OECD). The principality continues to resist pressure to disclose confidential information to the OECD about holders of Monaco corporate bank accounts, although it agreed on July 2005 to exchange information on request in criminal or civil cases of tax fraud or similar misbehaviour.

Healy Consultants can open a Monaco corporate bank account on our clients' behalf without our client needing to visit Monaco. This is because of our close relationship with banks in the principality.

A Monaco corporate bank account is available in multiple currencies.

A Monaco corporate bank account is supported by a range of additional banking services, including International Trade Services (Import Finance; Export Services; Risk Management and eCommerce) and Investment Banking Services (for International Private clients; International and Local companies and Trusts; Charities and Personal and Corporate Pension Schemes).

For Healy Consultants to assist our clients to open a Monaco corporate bank account without them visiting Monaco, we require certain due diligence information including: notarised copies of Passport and Driving Licence of all directors; the company's corporate documents, including Certificate of Incorporation, Memorandum and Articles and Directors/Trustees resolutions. This documentation must be certified by the local branch of the Monaco bank (or by a notary public) in the client's home country and evidence of the company's nature of business (e g sample invoices or purchase orders etc).

Healy Consultants' International Banking Team preparing a detailed business plan relating to our client's company to support the Monaco corporate bank account application. The business plan provides details of the company's activities, products and services offered, details of the company's suppliers and some information on its clients and intended markets.

Healy Consultants International Banking Team submitting the Monaco corporate bank account application form and business plan to the bank, together with the corporate and personal information outlined above.

Healy Consultants' local officer attending a bank interview in Monaco on your behalf, describing your global business activities and explaining why you require a Monaco corporate bank account. As described above, Healy Consultants can open a Monaco corporate bank account without the bank signatory and beneficial owners’ presence.

Paying the initial bank deposit to the Monaco bank on our client's behalf. A scanned copy of the bank deposit slip is emailed to our client as verification of the same.

On behalf of our client, Healy Consultants applies for corporate Internet banking facilities to accompany the Monaco corporate bank account.

On behalf of our client, Healy Consultants applies for a credit card, ATM card and cheque book to accompany the Monaco corporate bank account.

Healy Consultants International Banking Team receiving approval from Luxembourg for the opening of the Monaco corporate bank account.

Healy Consultants receiving the Monaco corporate bank account Internet login and password information in a sealed letter that is passed directly to our client.

Healy Consultants receiving a corporate cheque book in a sealed letter that is passed directly to our client.

Healy Consultants receiving credit and ATM cards in a sealed letter that is passed directly to our client.

Go to International Corporate Bank Accounts page.