Taxes
Monaco — Tax: Capital Gains
Monaco does not impose a dedicated capital gains tax on individual residents. Gains derived from the sale of securities, equities, financial instruments, art, or other personal assets are realized entirely tax-free. Real estate transactions are also exempt from personal capital gains tax, though property transfers are subject to significant registration fees and stamp duties during conveyancing. For corporate entities, capital gains are treated as ordinary business income and are taxable at the 25% corporate tax rate only if the company meets the criteria for corporate tax liability.
Key facts
- Individuals pay 0% capital gains tax on the sale of shares, bonds, and mutual funds.
- Real estate capital gains realized by individual residents are not taxed at the personal level.
- Corporate capital gains are taxed at 25% if the company generates over 25% of turnover outside Monaco.
- French residents of Monaco remain subject to French capital gains tax regulations.
- Real estate sales within five years of construction completion may be subject to a property-specific VAT.
- No withholding taxes are applied to capital gains remitted out of the country.
- Property transfer registration fees range from 4.5% to 7.5% depending on the structure of the buyer.