A specific tax system
The main principal of Monaco's fiscal system is the total absence of direct taxation. There are two exceptions to this principal :
Apart from with France, the Principality has signed no other bilateral fiscal agreements.
Persons residing in Monaco (except French nationals) do not pay tax on income, on betterment or on capital. For French nationals, two distinct categories exist :
There is no direct tax on companies apart from the tax on profits mentioned in the previous cases.
Fiscal stamps and registration duties
Fiscal stamps must be obtained for all official civil and judicial acts. In addition, all documents which could be produced as evidence in a court of law must be stamped in order to be valid. Stamp costs are either a fixed fee or depend on the format of the document or the values involved in the acts. Registration duties are collected for the registration of real estate transfers or change of ownership.