The main entity, the MONACO ECONOMIC BOARD, clarifies the organisation’s position as a business tool dedicated to member companies and Monaco’s dynamic economy. It reinforces its representative role by giving it a more modern statutory image in its dealings with international counterparts. The Board comprises members of the CDE’s current Steering Committee representing economic stakeholders across the spectrum in the Principality.
Under the aegis of the main entity, the MONACO CHAMBER OF COMMERCE and MONACO INVEST have a functional role to play as two wholly separate agencies meeting different requirements that are more clearly defined by their names: the MONACO CHAMBER OF COMMERCE’s mission is to support companies in the Principality, without changing the status or mode of operation. The new name will facilitate its activities abroad where nearly all the organisations it deals with are Chambers of Commerce. The second agency, MONACO INVEST as its name suggests, has a mission to seek and support investors. Foreign business organisations wanting to set up in Monaco with the aim of developing binational investments will come under Monaco Invest.
