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No because I have no corporate entity in Monaco, it's strictly a US company and I am sole shareholder. Monaco doesn't tax US companies unless they do business t
by dkjaudyeqooe 6y ago
No because I have no corporate entity in Monaco, it's strictly a US company and I am sole shareholder. Monaco doesn't tax US companies unless they do business there.
- nodamage 6y agoIf you lived in Monaco and operated your business from there presumably that would trigger a nexus requirement for "doing business there"?
- dkjaudyeqooe 6y agoNo, the business has to be resident, which means it has an office there or sells locally. A resident shareholder or employee doesn't count. Monaco goes out of its way not to tax its residents, other than VAT on local purchases.
- acabin 6y agoIn that scenario you may create a permanent establishment in Monaco.
- ksec 6y agoYou may want to edit your original post with more context.