How capital gains tax works in Monaco
Monaco does not have a general personal capital gains tax regime. For most residents, gains on shares, funds, private company interests, real estate and crypto assets are not taxed as personal capital gains in Monaco.
The main caveat is that business gains can still fall inside Monaco's business profit tax if they arise in a taxable industrial or commercial company. Monaco also taxes some succession and transfer events, so property and share deals can still have costs even when there is no CGT.
Keep records anyway. Source-of-funds checks, foreign tax residence rules and another country’s capital gains rules can create a tax bill even when Monaco itself does not levy capital gains tax.
Tax rates at a glance
- Capital gains tax
- 0%Zero
- Share gains
- 0%
- Property gains
- 0%
- Crypto gains
- 0%
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsCrypto holdersTradersHigh earnersFamily offices
Watch out for
- Monaco's zero CGT headline does not protect you from tax in the country where you are resident or where the asset is sourced.
- Property deals can still trigger registration duties, stamp taxes or VAT even when no capital gains tax is due.
- If gains arise inside a taxable Monaco business, they may be taxed as business profits rather than as a standalone CGT item.
Frequently asked questions
Does Monaco have capital gains tax?
Not as a general personal tax. Monaco does not levy a standalone personal capital gains tax on ordinary residents.
Are crypto gains taxed in Monaco?
Monaco does not have a general personal capital gains tax that applies to crypto gains.
Are stock gains taxed in Monaco?
Ordinary personal stock gains are not taxed as capital gains in Monaco, but foreign tax and business-profit rules can still matter.