Monaco: proposed Patrimonial Foundation to support wealth management and succession planning

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Legislative Proposal No. 268 concerning the Monaco Patrimonial Foundation seeks to introduce a new legal structure for the management and transfer of wealth, primarily for the benefit of the founder’s family.

With its own legal personality, the foundation could hold assets including real estate, company shares and intangible rights.

A new wealth-holding structure

The proposal provides for an initial cash endowment of at least €10 million.

Establishing the foundation would require authorisation from the Minister of State and registration. Its operation would also be subject to specific governance, accounting and transparency requirements.

The founder and at least a majority of the administrators would need to be domiciled in Monaco or, in the case of legal entities, have their registered offices in the Principality.

An expressly regulated purpose

The Monaco Patrimonial Foundation would be intended to manage and transfer wealth and could engage in commercial activities only on an ancillary basis.

Assets transferred to the foundation would also remain subject to any forced heirship protection provided for by the law applicable to the succession.

The proposed framework therefore combines a wealth structuring tool with safeguards designed to take account of succession rules that may apply in an international context.

A reform still in progress

On 19 December 2025, the Prince’s Government confirmed its support for converting Legislative Proposal No. 268 into a government bill.

The bill must be submitted by 23 December 2026.

At this stage, the Monaco Patrimonial Foundation remains a proposed framework. Its final scope and practical requirements will depend on the next stages of the legislative process.

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