Professional Finance Contacts and Institutions in Monaco

Government Finance Institutions

Department of Budget and Treasury (Ministère d'État – Direction du Budget et du Trésor)

Primary role: Oversees all major business financing programs

Address: 12 Quai Antoine 1, Monaco

Phone: (+377) 98 98 87 73

Hours: 9:30am–5:00pm Mon–Fri

Email: Via official website or via Monaco Business Office

Manages:

• Business Start-Up Grant administration
• Monegasque Guarantee Fund
• SACDE (government venture capital)
• Industrial subsidies and support programs

Contact them for:

• Startup grant applications (Monegasque nationals/spouses)
• Loan guarantee program details
• SACDE venture capital inquiries
• Interest subsidy programs
• Other government financing

Application process:

• Email to department or visit in person
• Obtain application forms
• Submit with required documentation
• Receive approval notification

Typical timeline:

• Startup grant: 2–4 weeks review
• Guarantee Fund: 2–3 weeks
• SACDE: 2–4 months (more rigorous)

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SACDE (Société Monégasque de Capital Développement)

Type: Government-owned venture capital firm (100% state-owned)

What it does: Invests in innovative Monaco-based companies

Investment forms:

• Share capital contributions (equity)
• Loans for growth
• Support for product development
• Expansion financing

Target sectors:

• Technology and digital innovation
• Life sciences and biotech
• Green/sustainable solutions
• Innovative business models

Investment size: €100,000–€1,000,000+ depending on company stage

Contact: Through Department of Budget and Treasury

• Phone: (+377) 98 98 87 73
• Request SACDE team connection

Process:

1. Contact Department of Budget and Treasury
2. Request SACDE information packet
3. Prepare business plan and pitch
4. Submit to SACDE for evaluation
5. Due diligence and meetings
6. Investment committee decision
7. Term negotiation and closing

Timeline: 8–12 weeks typical

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Banking and Credit Support

Monegasque Guarantee Fund (Fonds de Garantie Monégasque)

Purpose: Guarantees bank loans for eligible businesses

Loan amounts:

• Minimum: €50,000
• Maximum: €1,000,000
• Guarantee level: 65% of loan amount
• Commission: 0.30% of guaranteed amount

Coverage:

• 80% of total financial requirement (excl. tax)
• 50% for intangible assets

Contact:

• Apply through your bank
• Bank submits to Department of Budget and Treasury
• Phone: (+377) 98 98 87 73
• Address: 12 Quai Antoine 1

Who can use it:

• Monaco-registered companies
• Viable business plans
• Creditworthy borrowers
• Various business structures eligible

Process:

1. Approach bank for business loan
2. Bank assesses loan and guarantees viability
3. Bank applies to Guarantee Fund
4. Fund reviews (typically 2–3 weeks)
5. If approved, guarantee is issued
6. Loan is funded by bank
7. You repay bank (not fund)

Cost to you: Standard loan interest rate (3–8% typical) + 0.30% guarantee commission

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Commercial Banks in Monaco

Major banks operating in Monaco:

• BNP Paribas Monaco
• Société Générale (Monaco)
• Credit Suisse (Monaco)
• Monégasque Banking Institutions
• Various international banks

Services relevant to businesses:

• Business account opening
• Commercial loans
• Lines of credit
• Trade finance
• Treasury services
• Investment services

How to approach:

• Contact business department
• Request business account meeting
• Ask about financing options
• Discuss Guarantee Fund availability
• Get fee schedule and terms

Timeline for accounts: 1–3 weeks typical

Timeline for loans: 4–6 weeks typical

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Business Support Institutions

Monaco Business Office (Bureau des Affaires)

Primary contact for business support

Address: 9 rue du Gabian, 2e étage, Monaco

Phone: (+377) 98 98 98 98

Email: Via rdvmonguichet.mc

Hours: 9:30am–5:00pm Mon–Fri

Website: MonEntreprise.gouv.mc

Three divisions:

1. Business Start-up

• Company formation guidance
• Legal structure advice
• RCI registration support
• Initial compliance

2. Business Development & Financing

• Growth strategy
• Financing options
• Bank relationship support
• Expansion planning

3. Trade & Industry Promotion

• Export support
• International market development
• Trade fair participation
• Industry promotion

Services (all free):

• Initial consultation
• Business guidance
• Resource direction
• Referrals to specialists

Appointments: Online via rdvmonguichet.mc or by phone

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Monaco Boost (Incubator Program)

What it provides: Workspace, mentoring, support for entrepreneurs

Address: 4/6 avenue Albert II, Zone F – Entrée B – 7ème étage, Fontvieille

Phone: (+377) 97 77 20 20

Email: contact@monacoboost.mc

Hours: 9:30am–5:00pm Mon–Fri

Workspace options:

• Hot Desk: €94/month (1 day/week)
• Dedicated Desk: €227.50/month (5 days/week)
• Exclusive Office: From €425/month (24/7)

Eligibility: Monegasque nationals and spouses

Application: Via Journal de Monaco calls

Contact for:

• Workspace inquiry
• Program information
• Application guidance
• Mentor connection

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Professional Services Organizations

Ordre des Experts-Comptables (Order of Professional Accountants)

What they do: Professional association of accountants

Services:

• Maintain register of qualified accountants
• Provide member directory
• Oversee professional standards
• First-year free accounting (for startup grantees)

How to contact:

• Request member list
• Ask for referrals
• Find via professional directory
• Search online for local providers

What to ask members:

• Experience with startups
• Fees and billing structure
• Specific industry experience
• Availability for ongoing support

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Chamber of Commerce and Industry Monégasque

What they do: Business membership organization

Services:

• Business networking
• Industry information
• Export facilitation
• Professional development
• Advocacy

Benefits of membership:

• Networking events
• Industry updates
• International connections
• Training and workshops
• Preferential rates on services

Contact via: MonEntreprise.gouv.mc or direct inquiry

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Insurance Brokers and Associations

Role: Connect businesses with appropriate insurance coverage

How to find:

• Ask Monaco Business Office for referrals
• Direct inquiry to established brokers
• Ask other entrepreneurs
• Online search for Monaco insurance brokers

What they provide:

• Business liability insurance
• Property insurance
• Employer/employee coverage
• Professional indemnity
• Customized packages

Cost: Varies; get multiple quotes

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Government Administrative Contacts

RCI (Registre du Commerce et de l'Industrie)

Purpose: Business registration registry

Access: MonEntreprise.gouv.mc or in-person office

Services:

• Company registration
• Extract certificates
• Registry searches
• Status verification

Timeline: 1–3 weeks for registration

Cost: €50–€300 depending on service

Tax Authority (Direction de la Fiscalité)

Role: Tax administration and VAT

Contact: Via MonEntreprise.gouv.mc or office visit

Services:

• VAT registration
• Tax return guidance
• Compliance information
• Declaration assistance

Contact for:

• VAT registration (if revenue exceeds €30,000)
• Tax filing questions
• Compliance requirements

CNSS (Caisse Nationale de Sécurité Sociale)

Role: Social security for employees

Services:

• Employer registration
• Employee enrollment
• Contribution payments
• Compliance documentation

Contact: Phone or office visit (details via MonEntreprise.gouv.mc)

Contact for:

• Employee social security registration
• Contribution information
• Compliance requirements

CAMTI/CARTI (Self-Employed Social Security)

Role: Social security for self-employed

Contact: Via registration office or phone

Services:

• Self-employed registration
• Contribution calculation
• Payment scheduling
• Annual declarations

Contact for:

• Self-employed registration
• Contribution information
• Quarterly/annual declarations

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Directory by Financing Need

"I need startup capital"

Contact sequence:

1. Monaco Business Office: (+377) 98 98 98 98 (free advice)
2. Department of Budget & Treasury: (+377) 98 98 87 73 (startup grant/SACDE)
3. Bank business department (loan/Guarantee Fund)

"I need workspace"

Contact sequence:

1. Monaco Boost: (+377) 97 77 20 20 (incubator)
2. Monaco Business Office: (+377) 98 98 98 98 (business centre info)
3. Domiciliation providers (if office not needed yet)

"I need professional services"

Contact sequence:

1. Monaco Business Office: (+377) 98 98 98 98 (referrals)
2. Ordre des Experts-Comptables (accountant referral)
3. Direct inquiry to firms

"I need a business loan"

Contact sequence:

1. Monaco Business Office: (+377) 98 98 98 98 (overview)
2. Bank business department (loan application)
3. Bank submits to Guarantee Fund (if needed)

"I need innovation funding"

Contact sequence:

1. Department of Budget & Treasury: (+377) 98 98 87 73 (SACDE, Monaco Fund)
2. Monaco Boost: (+377) 97 77 20 20 (startup support)
3. EU Funding Portal: https://ec.europa.eu/info/funding-tenders (Horizon Europe)

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Quick Reference Phone Numbers

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Online Resources

Official government portal: https://monentreprise.gouv.mc

• Business information
• Application forms
• Directory of services
• Guides and resources

Online appointments: rdvmonguichet.mc

• Schedule meetings with government services
• No waiting in line
• Guaranteed appointment time

Monegasque Gazette: Journal de Monaco

• Official announcements
• Program calls
• Legal notices
• Monaco Boost applications

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Accessing Multiple Support Services

Recommended approach (timeline):

Week 1: Contact Monaco Business Office

• Free initial consultation
• Assess your needs
• Get referrals to specialists

Week 2–3: Contact specialized services

• Bank for account opening
• Department of Budget & Treasury for financing options
• Monaco Boost if eligible

Week 4–6: Parallel applications

• Startup grant (if eligible)
• Bank account opening
• Loan application (if needed)
• Workspace arrangement

Success depends on:

• Clear understanding of your needs
• Early and proactive outreach
• Organization and follow-up
• Realistic timelines
• Professional communication

Note: This page is an informational resource based on official Monaco sources and does not replace professional banking, accounting, legal, or financial advice.