A business asset refers to all the elements a business owner uses to operate a commercial activity. It includes tangible assets like furniture and equipment, as well as intangible assets such as customer base, trade name, lease rights, or operating licenses. Unlike real estate, the business asset does not include the physical premises (the walls), unless they are sold together.
Investing in a business asset in Monaco can be an excellent opportunity due to several reason. Let’s break them down below.
The Principality offers a stable economic environment, attractive tax policies, and a wealthy clientele. It is a dynamic but demanding market, especially due to local regulations and the high cost of commercial real estate.
Monaco is highly sought after by entrepreneurs for several reasons:
Economic stability
No income tax for resident individuals
Exceptional quality of life that attracts a high-spending local and international clientele
In addition, corporate tax is favorable in certain cases, especially for businesses generating less than 25% of their turnover in France.
Here are the key steps:
Define your project: have a clear vision of the desired activity (restaurant, shop, service, etc.) and available budget.
Search for a business asset to buy: many real estate agencies in Monaco specialize in commercial sales. It's strongly recommended to work with a professional (real estate agent, lawyer, accountant).
Analyze the business: before purchase, review financial results, the commercial lease (duration, rent, charges), and check for debts or legal disputes.
Request a business license: all commercial activities in Monaco require government authorization, issued by the Direction de l’Expansion Économique.
Sign the transfer deed: once all terms are agreed upon and permits obtained, the transaction is finalized with a deed, usually signed before a notary.
Register the business: the activity must then be registered with the Monaco Trade and Industry Register (RCI).
Prices for business asset in Monaco vary greatly depending on:
Location
Profitability
Type of business
Areas like Monte-Carlo, Carré d’Or, or Fontvieille are the most expensive.
In addition to the purchase price, plan for:
Notary fees
Legal and administrative advisory costs
Security deposit (if required)
Inventory/stock (if applicable)
Investing in a fonds de commerce in Monaco is a strategic move that can be very profitable, provided you're well-advised and follow all local procedures. The Principality offers a business-friendly environment, but the high level of competition and strict regulations require rigor, preparation, and professionalism.