Monaco Brings into Force the Tax Treaty with the United Arab Emirates

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By Sovereign Ordinance No. 11.964 of 12 June 2026, published in the Journal de Monaco, the Principality has brought into force the Convention between the Principality of Monaco and the United Arab Emirates for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance.

Signed in Dubai on 13 November 2021, the Convention entered into force for Monaco on 12 June 2026. Its implementation represents a further step in the expansion of Monaco’s tax treaty network and strengthens the legal certainty of cross-border economic relations between Monaco and the United Arab Emirates.

Key Features of the Convention

The Convention is designed, in particular, to:

allocate taxing rights between Monaco and the United Arab Emirates in order to eliminate double taxation;
establish mechanisms to prevent tax evasion and tax avoidance;
strengthen administrative cooperation between the competent authorities of both jurisdictions;
provide a more secure legal framework for individuals and businesses with activities or investments in Monaco and the United Arab Emirates.

Practical Implications

The entry into force of this Convention is of particular importance for investors, multinational groups, family offices and private clients with interests in both jurisdictions.

As with any tax treaty, its practical application will depend on the interpretation of its specific provisions and their interaction with the domestic tax laws of each State. The Convention may have significant implications for the taxation of cross-border income, the structuring of international investments and the organisation of cross-border business activities.

Our firm regularly advises clients on the application of international tax treaties and assists them in assessing the practical implications of new tax developments affecting Monaco and cross-border transactions.

Reference: Sovereign Ordinance No. 11.964 of 12 June 2026 bringing into force the Convention between the Principality of Monaco and the United Arab Emirates for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance.

Official text: https://legimonaco.mc/tnc/ordonnance/2026/06-12-11.964/

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