The Monegasque SCI

The Cornerstone of Wealth Management and Asset Transfer

In the world of luxury real estate in Monaco, acquiring an exceptional property is never just a transaction — it is a long-term wealth strategy. The Société Civile Immobilière (SCI) remains the preferred legal structure for international investors wishing to hold assets in the Principality, whether a Carré d’Or penthouse or an exclusive private villa.

At PIRAS IMMOBILIER, we go beyond property acquisition, guiding our clients toward the most sustainable legal structures to secure, optimize, and transmit their wealth.

Why Create an SCI to Invest in Monaco?

The SCI offers exceptional flexibility in the ownership and management of real estate assets. It allows the separation of ownership from management, providing two major advantages:

Simplified Wealth Transfer:  An SCI enables the transfer of shares rather than the physical property itself. This avoids the constraints of joint ownership (indivision) and allows for precise succession planning — a decisive advantage for family offices and high-net-worth individuals.

Structured Governance Between Partners: Whether shareholders are individuals or legal entities, the SCI allows contractual definition of: management rules, distribution of rental income, powers and responsibilities of the managing partners. This clarity ensures long-term stability and harmony among stakeholders.

Transparency and Compliance: The New Standards

Monaco’s attractiveness is built on stability, legal certainty, and full alignment with international regulations. Since recent reforms — particularly those introduced in 2021 — the SCI framework has evolved toward total transparency, reinforcing investor protection.

Registration in the Special Register:  All SCIs, whether newly created or existing, must now be registered with the Special Register of Civil Companies. This guarantees traceability, modernization, and legal security, requiring: -Filing of articles of association and official publication of the incorporation deed.

Declaration of Ultimate Beneficial Owners: In compliance with international AML/CFT regulations, SCIs must identify and declare their ultimate beneficial owners — the individuals who ultimately control the structure. Far from being a constraint, this transparency acts as a quality seal, ensuring that your investment operates within a secure, reputable, and internationally recognized ecosystem.

Taxation and Accounting Obligations

While Monaco is renowned for its favorable tax environment — including the absence of personal income tax for resident individuals — SCI management requires administrative rigor.

Accounting Requirements:  All SCIs must maintain proper accounting records and file annual financial statements.

Corporate Income Tax (CIT):  If the SCI carries out an activity deemed commercial (such as furnished rentals with hotel-like services), it may become subject to Corporate Income Tax (CIT).

Source of Funds Control: Managers are legally required to verify the origin of funds, strengthening the legitimacy and compliance of each transaction.

A Secure and Value-Enhancing Investment

These regulatory developments should not discourage investors. On the contrary, they reinforce Monaco’s reputation as a premium financial and real estate hub. By acquiring property through a fully compliant and transparent structure, you enhance long-term asset value and facilitate future resale, financing, or succession.

PIRAS IMMOBILIER Expertise at Your Side

The creation and ongoing management of an SCI require the involvement of licensed professionals — notaries, lawyers, and chartered accountants. While our core mission is to identify rare and prestigious properties — sea-view apartments or landmark residences — our advisory role ensures you are surrounded by the most reputable experts in Monaco.

With PIRAS IMMOBILIER, you benefit from a holistic vision of your investment project. We work in close synergy with your legal and tax advisors to ensure your Monaco acquisition delivers both peace of mind and long-term wealth performance.