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Services · Business accounts

Business accounts: Monaco

An honest assessment before work starts, the quote is fixed in writing.

We assess your chances against your profile, prepare the compliance file, help you present your source of funds properly and handle communication with the bank until it decides. The final decision always rests with the bank, so no one can guarantee an opening - careful preparation simply improves the odds.

We quote the exact cost for this country after a short consultation: it depends on the bank and your residency. The quote is fixed in writing before work starts.

Fees

ServicePrice
Corporate account - opening assistanceon request

Prices are indicative and cover our work on a typical case. We confirm the exact quote in writing after a short call - you know the final number before we start. Government fees and bank tariffs are billed separately unless explicitly included.

See also

Company formation · Personal account · Investment property · All country programs

FAQ

Can a company open a bank account in Monaco?
Yes, but a Monaco company (SAM or SARL) first needs government authorisation to operate, and the bank works alongside that process. For a foreign company an account is possible in theory, but in practice it happens when the beneficial owner is already a private banking client. Registering a structure and walking in for an account does not work here.
Do I need an office and staff in Monaco?
For a Monaco company, yes - real premises, staff and genuine activity in the principality are part of the authorisation conditions. Monaco deliberately avoids empty structures and protects the reputation of the jurisdiction. No real activity means no authorisation and no account.
What does compliance ask for in Monaco?
All the standard items plus a detailed wealth history: how the money was made, business sale documents, inheritance papers, tax returns, statements from previous banks. The review goes deeper than retail banking and the questions can feel personal. Thin or inconsistent answers almost always end in a refusal.
How long does it take to open the account?
Weeks, sometimes months: the file goes through a bank committee, and for a company the government procedure adds time on top. A meeting with the banker in Monaco is effectively mandatory. There are no guarantees - the bank decides and need not explain a no.

Don’t want to figure this out alone?

We handle the whole process end to end: we assess your company's chances with specific banks, prepare the compliance file and give you honest timelines. Leave your details and a corporate banking expert will get back to you. The first consultation is free.

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