Sovereign Order 10.117 of 21 September 2023 amending Sovereign Order 3.573 of 11 May 1966 implementing Law 797 of 18 February 1966 on civil companies.
The list of documents to be provided when applying for entry in the special register…
The following are required to have a deposit account for the exercise of their professional activity in a credit institution established in Monaco and to keep it for the duration of their activity:
If they do not have a deposit account, they may open an account in a Monegasque credit institution:
The credit institution shall have 15 working days from receipt of the documents required to open an account and shall be obliged to provide the account holder with basic banking services. The account holder may only reject the application to open an account on certain grounds, in particular the conviction of the individual on the grounds of certain offences provided for in the Penal Code. The credit institution may also unilaterally terminate a deposit account on certain grounds.