Skip to content

The UHNW Business Club & Magazine

It could have gone terribly wrong, a case study on holding an event in Monaco

Monaco

The Principality is a fabulous destination in which to visit and live, but also to conduct business, and holding an event in the Principality is often the first step for companies wishing to create awareness about their offering.

However, Monaco is also a highly regulated country; it has many regulations in place to protect its residents and companies from unscrupulous activities, what may be perfectly normal or legal in other countries, but may be illegal in Monaco without authorisation.

“Why, because of the amount of privacy that makes Monaco what it is a safe and secure environment that prides itself on protecting its market. The Government and the residents take great pride in their country, and why shouldn’t they; it is the most-fabulous destination in the world.” – says André C Perry, CEO of Monaco Wealth Management

On a daily basis, there are many great events being held in Monaco, and there is always events catering for the financial industry, fundraising, investor events etc.

As an example, if you were to hold a financial event in Monaco, it is your responsibility to check that the event you are organizing complies with Monaco legislation. Otherwise, you could expose yourself to criminal prosecution, and closure of your event by the Monaco Police.

Why? Because financial activities are strictly regulated in Monaco including investment advice on securities or financial futures (law 1.338) that cannot be exercised without the approval of the Commission de Contrôle des Activités Financières (Financial Activities Supervisory Commission) (CCAF).

“What may seem normal in London, Hong Kong or the US, may be regulated in Monaco.” – says André C Perry, CEO of Monaco Wealth Management

To this effect, this is why it is always advisable to engage advisors who understand this unique market, so you do not make either legal or financial mistakes in the process.

Since 2010, Monaco Wealth Management has helped companies from around the world take the right approach and connect you with the trusted service providers in Monaco

Some of our unique key services to help you be successful in Monaco are:

  • Recommendation on location and event strategy
  • Advisory on the customer experience suited to Monaco
  • Guest selection – helping you connect with potential clients
  • Management of invitations
  • Local assistance for the event
  • The organisation of media coverage

Monaco is a wonderful and exciting country in which to host your next event, just be sure to engage an advisor that can help guide you through the process to ensure you comply with the regulations that may be applicable in Monaco.

“Remember, privacy, security and protecting the Monaco brand is of high importance in the Principality of Monaco, meet these requirements and you have in the making a successful event.” – says André C Perry, CEO of Monaco Wealth Management

Posted in
Secrets of Art Magazine

Freeport for artworks, a tool to avoid tax duties might come to an end

In many cases collecting art is about money and not about the…

Branding Tips During Covid19

Coronavirus sanctions created a new and unexpected situation for most of the…

Vitale 1913 is Designing, Creating and Keeping Your Precious Jewels Safe with The Jewellery Safe

For over 100 years, Vitale 1913 has been regarded as the trusted…

Caravaggio

“Caravaggio The Power of Light” exhibition is coming to Monte-Carlo for an extensive 3 month exhibition to be held at the Grimaldi Forum from 17th July to 6 September 2020.

Grimaldi Forum 17th July – 6 September Tickets available The exhibition is…

Scott Grey

Introducing Scott Grey

UHNW Business Club member Scott Grey grew up in an aviation family…

5th Anniversary International Energy Security for the Future Forum in Monaco

This high-profile meeting of the political and energy elite will take place…

Spotlight on Monaco: Very nice small office

Cellar transformed into an office, renovation with a window overlooking a quiet…

Spotlight on Monaco: Studio to renovate

Compose of an entree with a coin cuisine, a main piece and…

Never miss a thing. Subscribe to our newsletter!