The Princely Government has introduced Bill No. 1129, which aims to implement the OECD Pillar Two rules into Monaco law. The proposed legislation introduces a 15% global minimum effective tax rate for multinational enterprise groups with consolidated annual revenue exceeding EUR 750 million.   This reform forms part of the ongoing alignment of Monaco's tax framework with international standards. Rather than creating a new tax burden, its primary objective is to ensure that Monaco retains its taxing rights over profits generated within its territory, thereby preventing any top-up tax from being collected by other jurisdictions.   The Government has also highlighted that the new framework will strengthen legal certainty for businesses while preserving the Principality's attractiveness as an international business centre through compliance with the OECD's global tax standards.   The bill is particularly comprehensive, comprising nearly 100 pages and more than 100 articles. It is expected to be reviewed by the National Council in the coming months, with entry into force envisaged for fiscal years beginning on or after 31 December 2026.   This represents a significant development in the international tax landscape for affected multinational groups.   Our tax team is closely monitoring the legislative process and remains available to assess the practical implications of the proposed rules and assist businesses in preparing for their implementation.

Gordon S. Blair is pleased to announce its inclusion in the latest edition of the Best of Yachting – Monaco Guide, marking the firm's third consecutive participation in this renowned publication dedicated to the international yachting industry.   Recognised as one of the leading global hubs for yachting, Monaco brings together owners, family offices, yacht managers, shipyards, brokers, financiers and a wide range of specialised professional advisers. Within this highly international ecosystem, legal and tax considerations play a central role in the acquisition, ownership, operation and transmission of trophee assets. For many years, Gordon S. Blair has advised an international private clientele on sophisticated cross-border matters involving wealth structuring, international taxation, estate planning, corporate law and asset protection. The firm's expertise naturally extends to the yachting sector, where multidisciplinary advice and an international perspective are essential.   Being featured in the Best of Yachting – Monaco Guide reflects our continued commitment to providing tailored, strategic and discreet advice to clients whose interests span multiple jurisdictions. We would like to thank the Best of Yachting editorial team for their continued confidence and are delighted to contribute, for the third consecutive year, to a publication that has become a recognised reference within the Monaco and international yachting community. Discover our two-page feature in the Best of Yachting – Monaco Guide

Gordon S. Blair launches its official Instagram page In an environment where information is increasingly shared through visual content, Gordon S. Blair is continuing to expand its digital presence with the launch of its official Instagram page. Complementing our presence on LinkedIn, this new platform reflects our commitment to sharing our expertise, news and insights into key legal, tax and wealth planning matters with a wider audience.   A new perspective on our firm Our Instagram account will offer a more visual insight into the world of Gordon S. Blair, highlighting the topics that shape our practice and our day-to-day work. You can expect content covering: international legal and tax developments developments in Monegasque law and key international legal frameworks our insights and expert analysis the major events in which the firm takes part content dedicated to Monaco and its attractiveness life at the firm and our commitments   International expertise For more than a century, Gordon S. Blair has advised an international clientele of private individuals, families, entrepreneurs, multinational groups and family offices on complex legal, tax and wealth planning matters with a strong cross-border dimension. Through our new Instagram presence, we aim to make these topics more accessible, share practical insights drawn from our experience and provide a window into the developments shaping the international environment in which our clients operate.   Follow us on Instagram: @gordonblair_monaco We are delighted to open this new channel of communication and look forward to connecting with you there.