During a legislative session held on April 3rd, Monaco’s National Council adopted three important bills, including a major reform aimed at boosting entrepreneurship in the Principality…
The new legislation modernises company law by introducing simplified legal structures such as the single-member SRL (limited liability company) and the “société civile de moyens,” a new civil company model designed for resource sharing.
The reform also streamlines administrative procedures, reduces the timeframe for obtaining permits to 45 days, and allows boards and general assemblies of public limited companies to meet via videoconference—enhancing flexibility for Monaco-based businesses. The Government welcomed the reform, highlighting that it was developed in close cooperation with the National Council and forms part of a broader effort to strengthen Monaco’s economic attractiveness, with further legislative updates expected later this year.
The other two bills adopted involved the reallocation of public land and reaffirm Monaco’s commitment to addressing housing needs. These legislative changes will facilitate the construction of new residential buildings, including a planned development of between 76 and 90 apartments in the Jardin Exotique area—an initiative not initially included in the national housing plan.
These three bills reflect both the Principality’s commitment to supporting innovation and entrepreneurship, and the effective collaboration between the Government and the National Council. Together, they mark a step forward in Monaco’s ongoing efforts to balance economic dynamism with social priorities such as housing.
Photo by Diane Picchiottino
