While Monaco is universally regarded as virtually a tax haven, in real life, this only applies to private/physical persons. The companies paying taxes in Monaco do not receive the same kind of tax benefits as those in tax havens, but the fiscal system is still attractive.

Taxes in Monaco

The taxation of businesses in Monaco depends on the source of their income. If more than 25% of a Monégasque company’s income is derived from outside the territory of Monaco, the income tax is 33.33%. In other cases, Monégasque companies are tax-exempt.
The standard VAT rate is 20%.

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FAQ

  • HOW TO CHOOSE THE RIGHT COUNTRY TO MOVE TO?

    Moving abroad is a highly significant step in life. Tax issues should come as the last matter to be considered. Think about where you would like to live, where your children should go to school and where you want to run a business. Only after honestly answering these questions, can you decide which country will be the most suitable for all your needs.

  • WHAT FORMALITIES DO I HAVE TO COMPLETE WHEN MOVING OUT OF POLAND?

    There are many formalities, and they depend primarily on the current situation. The aim should be to completely sever all ties with Poland. 

  • DO I HAVE TO FILE A TAX RETURN IN POLAND AFTER MOVING AWAY?

    Tax returns in Poland are submitted by Polish residents or persons earning income in Poland who are residents of another country. It all depends on whether you have successfully relinquished your Polish residence. And if you have, it also depends on the kind of income you earn in Poland.

  • WILL I PAY TAX IN POLAND BECAUSE OF RELOCATING THE COMPANY ABROAD?

    The question is about the broad subject of exit tax. First of all, you need to verify what moving the company abroad actually means. It can be both the relocation of the registered office of the company and the personal move of the entrepreneur – a natural person. The tax implications of both situations may be significantly different.

  • CAN I TRANSFER THE COMPANY'S ASSETS TO THE DESTINATION COUNTRY TAX-FREE?

    The general limit below which you do not have to pay exit tax in Poland is PLN 4 million. Nevertheless, it is always necessary to check this issue because the transfer of the company’s assets to the destination country will not always mean the same thing.