Fees and timelines in 2022

Fees

payment by instalmentIncorporation costs in Year 1 amounts to €17,100 and annual company costs in Year 2 and thereafter amount to €0. The average total fees per engagement amounts to €23,700, which include: i) Monaco company incorporation; ii) registered Monaco office premises; iii) estimate of government fees and iv) a corporate bank account.

Different Monaco entity types Cost Draft invoice
LLC €23,700 View invoice PDF
JSC €27,350 View invoice PDF
LP €23,250 View invoice PDF
SAM €21,900 View invoice PDF
Foreign administrative office €23,250 View invoice PDF
Branch office €23,600 View invoice PDF

Timelines

The average Monaco Company registration period is 11 weeks as outlined below:

Service LLC JSC LP FAO
Engagement planning 1 week 2 weeks 2 weeks 2 weeks
Company incorporation 4 weeks 10 weeks 10 weeks 10 weeks
Corporate bank account approval 2 weeks 2 weeks 2 weeks 2 weeks
Corporate internet banking approval 3 weeks 3 weeks 3 weeks 3 weeks
Engagement completion 1 week 1 week 1 week 1 week
Total engagement period 11 weeks 18 weeks 18 weeks 18 weeks

monaco business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Monaco, please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
  • Mr. Petar Chakarov
  • Client Engagements Manager
  • Contact me!
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