Supporting Monaco's growth by promoting business development
At the request of H.S.H. the Sovereign Prince, the Monegasque Government has taken several measures to support investors seeking to set up a business in the Principality. Support is available throughout the administrative process, responding to the expectations and ambitions of investors within timeframes which are compatible with today’s economic realities.
It is against this background that the Government is working to provide Monegasques, residents and future residents with an environment which is favourable to entrepreneurs.
To this end, the Business Development Agency has reviewed its forms and the procedure for setting up a business, in order to reduce the time it takes and to simplify procedures for entrepreneurs.
In addition, a service dedicated to welcoming those leading projects has been created. The Welcome Office is the gateway for anyone who is considering setting up in the Principality, whether in a private or professional capacity, helping them to gain access to the privileged circle of Monaco residents and businesses.
With dedicated, welcoming premises, the Welcome Office acts as a welcoming and advisory service. It provides visitors with the tools and information which will help them to navigate the procedures. It supports them in their projects and puts them in touch with key organisations in the country, both public and private.
Thus, future residents and/or entrepreneurs seeking to move to the Principality will find in the Welcome Office a set of tools, key contacts, and useful information which will help them to make their preparations under the best possible conditions and contribute in the long term to the balanced and dynamic development of Monaco’s economy.
For their part, existing Monegasque companies are supported in their development by financial measures in the areas of innovation and international development.