Monaco
AI Agent Legal Status: undefined · Autonomy: undefined
Legal Framework
Monaco is not an EU member and has no specific AI legislation. The principality is primarily known for its favorable personal tax regime (no income tax) and wealth management industry. Regulatory framework for technology companies is limited.
Key Laws & Regulations
- ◆Law on Protection of Personal Information
- ◆Commercial Code
Business Formation
SAM (Société Anonyme Monégasque) and SARL are available. Company formation requires government authorization and can be slower than in larger jurisdictions.
Tax Implications
Corporate tax is 33.33% for companies deriving more than 25% of revenue from outside Monaco. Companies operating entirely within Monaco may pay no corporate tax. No personal income tax.
Opportunities
Attractive for high-net-worth AI entrepreneurs due to zero personal income tax. Growing interest in digital transformation may create future regulatory innovation.
Highlights
No personal income tax makes Monaco attractive for founders and executives. Prestigious jurisdiction with strong wealth management infrastructure.
Risks & Challenges
High corporate tax rate for internationally-operating companies (33.33%). Very small market. Limited tech ecosystem and talent pool. No AI-specific regulatory framework.