Investment in Monaco

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Generally, there are no restrictions on foreigners or non-residents from opening bank and brokerage accounts in Monaco or from buying real property. Monaco has money-laundering laws that require a bank or anyone dealing with funds received from another person to know the source of the funds. These laws normally pose no problem for legitimate persons. Monaco also requires people who habitually conduct an economic activity in Monaco to obtain prior government permission to do so. Thus, investing in a business in Monaco requires careful planning.