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Home > Jurisdictions > Offshore Jurisdictions > Monaco

  • Full Name:  Principality of Monaco
  • Geographical Area: Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy, about the size of New York City's Central Park.  The Principality of Monaco is the second-smallest independent state in the world.
  • Terrain and Climate:  Mediterranean with mild, wet winters and hot, dry summers
  • Population: 32,796 (July 2008)
  • Ethnicity:  French 47%, Monegasque 16%, Italian 16%, other 21%
  • Capital: Monaco
  • Government:  constitutional monarchy, none; there are no first-order administrative divisions as defined by the US Government, but there are four quarters (quartiers, singular - quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo, based on French law; has not accepted compulsory ICJ jurisdiction,  unicameral National Council or Conseil National (24 seats; 16 members elected by list majority system, 8 by proportional representation; to serve five-year terms)
  • Major Languages: French (official), English, Italian, Monegasque
  • Major Religion:  Roman Catholic 90%, other 10%
  • Life Expectancy: 79.96 years
  • Monetary Unit: Euro (EUR)
  • Exchange Controls and Taxation:  Same as France for Exchange Controls, there are many taxes
  • Stamp Tax
  • Main Exports: None
  • Compulsory Education:  10 Years
  • GDP: (2006 est.): $30,000 per capita
  • Annual Growth Rate: .4%
  • Major Industry:  tourism, construction, small-scale industrial and consumer products
  • Communication:  Broad-spectrum evaluation: modern automatic telephone system with cell phones and internet
  • Internet: .mc
  • International dialing code:  1 + 377
  • Not known as “tax-haven”, but not true for all individuals, taxation is known as light if using qualifications for exemptions – known for anonymity and secrecy
  • Number of Banks:  There are around 40 banking establishments, some major, but most private and one controlled entirely by France.
  • Head of State:  chief of state: Prince Albert II (since 6 April 2005)
    head of government: Minister of State Jean-Paul Proust (since 1 June 2005)
    cabinet: Council of Government is under the authority of the monarch
  • Radio:  AM 1
  • Television:  5 (1998)
  • Time Zone: UTC+1 (6 hours ahead of Washington, DC during Standard Time)
    daylight saving time: +1 hour begins last Sunday in March; ends last Sunday in October
  • Airport:  None, must fly into Nice, France
  • Monaco may provide some interesting opportunities for international patent registration
  • Bank List - Partial

 

            ABN AMRO Bank N.V.
American Express Bank(
Switzerland)SA

                Banca di Roma International
Banque Populaire Cote D’Azur
Banque Privee Fideuram Wargny
Banque Monegasque de Gestion
Banque de Gestion Edmond de Rothschild-Monaco
Banque du Gothard Monaco
Banque Pashe Monaco
Banque Martin-Maurel
Banque Von Ernst (Monaco)
BNP Paribas
Banca Popolare di Disondrio (Suisse)
Barclays Bank PLC
Banco Atlantico (Monaco) SAM
Caisse Regionale de Credit Agricole Mutuel Provence Cote D’Azur
Caisse Mediterraneennee de Financement
CAIXA General de Depositos
Coutts & Co.
Credit Suisse (Monaco)
Credit Mobilier de Monaco
Credit Lyonnais
Credit du Nord
Credit Foncier de Monaco
KB Luxembourg (Monaco)
Compagnie Monegasque de Banque
Enetenial
Lloyds TSB Bank PLC
Monte Paschi Banque
Natexis Private Banking Luxembourg SA
Societe des Paiements Pass
SA Lyonnaise de Banque
Societe Generale
Societe Marsellaise de Credit
Societe Generale Bank & Trust (Monaco)
UBS (Monaco)SA

 

Monaco

  • Full Name:  Principality of Monaco
  • Geographical Area: Western Europe, bordering the Mediterranean Sea on the southern coast of France, near the border with Italy, about the size of New York City's Central Park.  The Principality of Monaco is the second-smallest independent state in the world.
  • Terrain and Climate:  Mediterranean with mild, wet winters and hot, dry summers
  • Population: 32,796 (July 2008)
  • Ethnicity:  French 47%, Monegasque 16%, Italian 16%, other 21%
  • Capital: Monaco
  • Government:  constitutional monarchy, none; there are no first-order administrative divisions as defined by the US Government, but there are four quarters (quartiers, singular - quartier); Fontvieille, La Condamine, Monaco-Ville, Monte-Carlo, based on French law; has not accepted compulsory ICJ jurisdiction,  unicameral National Council or Conseil National (24 seats; 16 members elected by list majority system, 8 by proportional representation; to serve five-year terms)
  • Major Languages: French (official), English, Italian, Monegasque
  • Major Religion:  Roman Catholic 90%, other 10%
  • Life Expectancy: 79.96 years
  • Monetary Unit: Euro (EUR)
  • Exchange Controls and Taxation:  Same as France for Exchange Controls, there are many taxes
  • Stamp Tax
  • Main Exports: None
  • Compulsory Education:  10 Years
  • GDP: (2006 est.): $30,000 per capita
  • Annual Growth Rate: .4%
  • Major Industry:  tourism, construction, small-scale industrial and consumer products
  • Communication:  Broad-spectrum evaluation: modern automatic telephone system with cell phones and internet
  • Internet: .mc
  • International dialing code:  1 + 377
  • Not known as “tax-haven”, but not true for all individuals, taxation is known as light if using qualifications for exemptions – known for anonymity and secrecy
  • Number of Banks:  There are around 40 banking establishments, some major, but most private and one controlled entirely by France.
  • Head of State:  chief of state: Prince Albert II (since 6 April 2005)
    head of government: Minister of State Jean-Paul Proust (since 1 June 2005)
    cabinet: Council of Government is under the authority of the monarch
  • Radio:  AM 1
  • Television:  5 (1998)
  • Time Zone: UTC+1 (6 hours ahead of Washington, DC during Standard Time)
    daylight saving time: +1 hour begins last Sunday in March; ends last Sunday in October
  • Airport:  None, must fly into Nice, France
  • Monaco may provide some interesting opportunities for international patent registration
  • Bank List - Partial

 

            ABN AMRO Bank N.V.
American Express Bank(
Switzerland)SA

                Banca di Roma International
Banque Populaire Cote D’Azur
Banque Privee Fideuram Wargny
Banque Monegasque de Gestion
Banque de Gestion Edmond de Rothschild-Monaco
Banque du Gothard Monaco
Banque Pashe Monaco
Banque Martin-Maurel
Banque Von Ernst (Monaco)
BNP Paribas
Banca Popolare di Disondrio (Suisse)
Barclays Bank PLC
Banco Atlantico (Monaco) SAM
Caisse Regionale de Credit Agricole Mutuel Provence Cote D’Azur
Caisse Mediterraneennee de Financement
CAIXA General de Depositos
Coutts & Co.
Credit Suisse (Monaco)
Credit Mobilier de Monaco
Credit Lyonnais
Credit du Nord
Credit Foncier de Monaco
KB Luxembourg (Monaco)
Compagnie Monegasque de Banque
Enetenial
Lloyds TSB Bank PLC
Monte Paschi Banque
Natexis Private Banking Luxembourg SA
Societe des Paiements Pass
SA Lyonnaise de Banque
Societe Generale
Societe Marsellaise de Credit
Societe Generale Bank & Trust (Monaco)
UBS (Monaco)SA

 

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