Monaco Modernizes Its Corporate Law: An Ambitious Reform to Enhance Economic Attractiveness

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Monaco, April 3, 2025 – The National Council has adopted Bill No. 1094 giving rise to Law No. 1.573 of 8 April 2025 on the modernisation of company law published in the Journal de Monaco on 18 April 2025, marking a major step forward in the Principality’s corporate law framework. This comprehensive reform seeks to boost Monaco’s economic appeal while reinforcing legal certainty, transparency, and efficient corporate governance.

A Reform Tailored for a Modern, Competitive Business Environment

Monaco’s updated corporate legislation reflects the country’s commitment to providing businesses with a robust, flexible, and transparent legal framework. The adoption of Law No. 1.573 introduces key improvements aimed at supporting entrepreneurs and investors alike.

Highlights of Law No. 1.573

The reform introduces several significant advancements, including:

Creation of the Sole Limited Liability Company (SURL): a new vehicle tailored for individual entrepreneurs wishing to operate through a corporate structure.
Legal recognition of the Société Civile de Moyens (SCM): a flexible framework for professionals to pool resources.
Legal personality granted upon registration: companies now acquire legal status immediately upon incorporation.
Authorization of industry contributions: SARLs and SAMs may now include non-monetary contributions such as know-how or services.
Remote meetings: board and shareholder meetings may be held via videoconference.
Minority shareholder alert rights: enhanced tools for corporate governance and minority protection.
Streamlined formalities: simplified procedures for changes to share capital, company name, or registered office.
Recognition of preferred shares: enabling tailored economic and voting rights for shareholders.
Introduction of a conciliation procedure: a preventive and amicable mechanism to resolve company difficulties.

A Stronger Legal Framework to Attract and Retain Business

With this reform, Monaco strengthens its position as a dynamic, forward-looking jurisdiction offering legal clarity and operational flexibility for businesses of all sizes.

📄 Learn more: https://www.conseil-national.mc/2025/04/23/n1573-loi-relative-a-la-modernisation-du-droit-des-societes-2/

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