The Monegasque SURL: one member, one authorisation file
We prepare and steer the authorisation file and the incorporation.
- One sole member, a person or a company (Art. 35-1)
- Capital EUR 8,000 or EUR 15,000 (Art. 35-3)
- The gérant (manager) is a natural person (Art. 35-4)
- 5 working days plus 45 days (Art. 5)
What a Monegasque SURL is, and what we do
A société unipersonnelle à responsabilité limitée is the Monegasque limited company held by one member, whose losses stop at the contribution (Code de commerce, Art. 35-1). Title IV of Loi n° 1.573 of 8 April 2025 created it: Company in Monaco: Company Types in Monaco
A foreign sole member, and a foreign gérant who is not the member, need a ministerial authorisation that fixes the activity and the premises. The two-partner form it varies: the SARL guide
What is included
Where we stop: not the notary, the expert-comptable or the bank.
The capital route. Which minimum applies, and the eighteen months after (Art. 35-3).
The authorisation file. Form set n° 355-04-05-26, notices, criminal record, premises documents, legal-person set.
Statutes. Private or notarial deed, equal parts sociales, up to 99 years.
The capital account. A Principality credit institution, the deposit certificate; no account promised.
Premises the decision names. Commercial premises, the home, domiciliation, a business centre.
Registration and the first year. Greffe Général, gazette, RCI, beneficial owners, NIS, tax, social funds.
The sole member, and the two minimum capitals
The object is commercial: property is held in a civil company instead: Company in Monaco: SCI in Monaco (Societe Civile Immobiliere)
| Sole member | Minimum capital | What the file adds | Article and source |
|---|---|---|---|
| A natural person | EUR 8,000, divided into equal parts sociales, fully subscribed | Individual notice, criminal-record extract under three months, passport or identity card | Code de commerce, Art. 35-3 |
| A legal person | EUR 15,000 | Five items: the resolution to subscribe and name a representative, that person's notice, criminal record and identity document, an economic information notice naming the beneficial owner, a register extract showing the object | Art. 35-3; procedure page, updated 30/07/2026 |
| Either | Cash released at constitution at least up to the legal minimum, with a credit institution established in the Principality | The deposit certificate conditions the entry at the RCI | Art. 35-3 |
| Either | The balance within eighteen months, or the capital is reduced at any interested party's request | The period covers companies registered after the law took effect, which is every SURL | Art. 35-3; Loi n° 1.573, Art. 101 7° |
The two minimum capitals, and what each adds to the file (Art. 35-3).
Who may manage an SURL, and who may not
No residence requirement is published, and we assert none: moving to Monaco
- Managers: the member or a third party, paid or unpaid (Art. 35-4).
- Natural persons only: Art. 35-4 excludes a legal person (Code de commerce; SURL page, 05/12/2025).
- At most eight gérant mandates in Monaco-seated companies (Art. 35-4).
- Each foreign member and gérant is authorised (Loi n° 1.144, Arts. 4 3° and 7).
- Personal and non-transferable, it fixes the activities and the premises (Art. 5).
- A Monegasque national declares instead, receipt inside fifteen days.
- Lending a name is an offence for both sides: EUR 18,000 to 90,000 (Art. 15).
- The member cannot delegate the meeting's powers; decisions go in the gérant's register (Art. 35-6).
- If the gérant goes, three transitional months, then an authorisation (Art. 7).
How the formation process works
Only the periods the texts publish, as in company formation in Monaco.
- 01
filing at the DDE, 5 working days to admissibility, 45 days from that notification
- 02
the extensions (+45 days, or up to 6 months where a foreign body is consulted)
- 03
tacit grant of the decision period
- 04
then 1 month to the RCI or the authorisation lapses
- 05
NIS in 5 working days
Statutory intervals, not delivery dates (Art. 5)
1. Check the activity. Commercial object only; a regulated activity closes every business-centre formula.
2. Draft the statutes. Private or notarial deed, contributions in kind warranted five years.
3. File at the DDE. Form set n° 355-04-05-26, notices, criminal record, identity and premises documents (procedure page, 30/07/2026).
4. Admissibility, five working days from filing (Loi n° 1.144, Art. 5).
5. Decision, forty-five days from that notification, not from filing; extendable by forty-five, or six months where a foreign body is consulted; silence grants it.
6. Address and capital. The address may follow the notification; the Monegasque account issues the deposit certificate. No account is promised.
7. Transcription, gazette, RCI. One month, or registration is refused and the authorisation lapses; duty EUR 75, French filings (RCI page, 21/05/2026).
8. NIS, tax, social funds. The NIS in five working days; CAMTI and CARTI within a month of starting.
The statutory periods floor at about two to three months: arithmetic, not an average.
Not sure the SURL is the right form for your activity?
Tell us the activity and who holds the parts.
Where an SURL may have its registered office
Campus takes an SURL, not a société anonyme, whose Bureau exclusif minimum is 25 sqm against 9: Company in Monaco: The SAM (Societe Anonyme Monegasque)
| Formula | Duration cap | Conditions | Source and its date |
|---|---|---|---|
| Commercial premises | None published | Commercial lease, short lease or convention d'occupation précaire (temporary occupancy of State property) | SURL page, 05/12/2025 |
| Short lease | Under 36 months | Outside the commercial-lease statute, Loi n° 490 of 24 November 1948 | Seat page, 05/12/2025 |
| The gérant's home | One year, renewable once, from the gazette publication | No legal, regulatory or contractual bar; no clients received and no goods stored; no employee | SURL page, 05/12/2025 |
| A domiciliation business | One year, renewable once | Stated as subject to conditions; the alternative is premises occupied by another business | SURL page, 05/12/2025 |
| Campus | Three years maximum, non-renewable, from the gazette publication | SNC, SARL, SURL and SCS only, not a SAM; no staff hired, no clients received, no storage on site | Business-centre page, 05/12/2025 |
| Campus + | Unlimited | The French page states none | Business-centre page, 05/12/2025 |
| Bureau exclusif | Unlimited | 9 sqm minimum for an SURL, rising with the number of people employed; staff may be hired | Business-centre page, 05/12/2025 |
| Start Up and Primo | Not open to an SURL | Reserved to activities in a personal name, professions, artisans and commercial agents: a sole trader in Monaco | Business-centre page, 05/12/2025 |
| A regulated activity | No formula at all | None of the business-centre formulas covers a regulated activity | Business-centre page, 05/12/2025 |
Every seat an SURL may use, with its cap.
Both caps were read on 2026-09-19, on pages dated 05/12/2025; no text reconciles them, so both stand.
What the market gets wrong about the SURL
The date. Title IV of Loi n° 1.573 of 8 April 2025 created the form; earlier dates describe a bill that never became law.
- 01
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Four-point date line, "Which law created the SURL": 15 June 2023, Proposition de loi n° 256 adopted in public session
- 02
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19 December 2023, status "Non transformation en projet de loi"
- 03
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8 April 2025, Loi n° 1.573 Title IV
Loi n° 1.573
- 04
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18 April 2025, publication in the Journal de Monaco, applicable from the day after. No calendar date is drawn for the entry into force
Loi n° 1.573, Title IV; Proposition de loi n° 256, never enacted
The manager rule, inverted in English. Art. 35-4 excludes a legal person: a natural person manages. The English page says the opposite.
The capital, and the home seat. EUR 8,000 or EUR 15,000 (Art. 35-3); one year at home, renewable once.
Nothing is bought ready to trade. The authorisation is personal and non-transferable (Art. 5); six months without trading is a revocation ground (Art. 9 3°): ready-made companies in Monaco
Ready to start the authorisation file?
Send the activity, the member and the premises.
Why work with us
Camille Perrin, formation and authorisation lead, eleven years on Monegasque business files, in French, English and Italian.
From our practice: the activity wording and the premises evidence assembled before filing, then the DDE and the RCI inside the month.
Prepared by Camille Perrin · Reviewed by Julien Rossi · Updated {{BUILD_DATE}}
Start the file
Tell us who the sole member is.
Start your Monaco file
Tell us the activity, where it will be carried on and who will run it. One of us reads it and comes back with the questions the authorisation file will ask. Our fees are on request.
The authorisation is personal and non-transferable, and it names the activity and the premises. Nothing on this site is sold ready to trade.
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