Articles
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- Category: Products and Services
SEPA: The Principality activates migration towards the new European payment systems
The creation of an internal market with payment in euros is under way. Monaco is committed to the single area comprising 32 European states and is making rapid progress.
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- Category: Living in Monaco
Today the Principality of Monaco can claim to have implemented a foreign policy that is in line with the requirements and constraints of international standards relating to fiscal transparency. The direct result of this active policy is that since September 2009 the name of the Principality of Monaco has featured on the OECD’s White List, meaning that the country’s desire to cooperate in tax matters has been acknowledged, while it remains internationally competitive.
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As from 2002, the Constitutional Reserve Fund of the Principality decided to include “green financing” funds in its investment portfolio. This policy was confirmed on the occasion of a major international call for proposals launched in 2009, the first of its kind for the management of State reserves. In the process of a strategic reallocation of the portfolio to diversify asset classes, a significant part of the allocation is now devoted to an “Environment Sustainable Development Shares” pocket.
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At the instigation of H.S.H. Prince Albert II, the Government of the Principality has launched an ambitious policy of international cooperation for development, with the fight against poverty as its main aim.
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- Category: Legal Environment
A corner stone of common law is that a person may broadly speaking leave his or her assets to whomever he or she wishes. Monaco, however is a civil law jurisdiction that applies the rules of forced heirship.
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- Category: Living in Monaco
Monaco’s Director of Public Security asserts that the Principality is a very open country, and that good preventive measures alone allow bank security to be maintained. Interview.
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- Category: Legal Environment
Further to the adoption by the Moneyval Committee of the Council of Europe in December 2007 of the report of the third joint evaluation round on the Principality, the Government engaged in a reflection with a view to creating a legal and regulatory framework even better suited to current requirements in the fields of the fight against money laundering and the financing of terrorism.
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For most of us the 24th and 31 December are dates that are synonymous with private rather than professional celebrations. For the financial sector in Monaco these dates are fundamental, marking the two agreements signed for Monaco’s entry into the Euro zone, all of ten years ago.
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The State of Monaco offers support to companies in three primary areas: funding innovation, promoting exports and assisting innovative companies that offer high levels of added value.
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The Principality of Monaco is one of the safest States in the world. Security is also present in terms of the custodial role played by banks and trust companies in relation to the data and information they possess on their clients. This is an essential component of investor security.
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Law 1339 of 7th September 2007 broadened the range of fund asset types, making it possible to hold non-financial assets. It was a major development.
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- Category: Legal Environment
During the Plenary Session that took place on November 26, 2008, the National Council unanimously adopted Law 1353.
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- Category: Legal Environment
In these times of crisis when rumours and fantasies most often discredit facts, it is worth reiterating that the risks faced by investors and clients of Monegasque banks are extremely limited.
