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Digitization: “The administrative management of

companies is made easier” by Milena Radoman

Companies can carry out around fifty procedures online. recent addition the ability to obtain a
certificate from the usiness egister, essential for many business procedures.

If you want to set up your business users. This will also free up time for the Monaco since 2018, made public in 2021
in Monaco, go to monentreprise.mc. DEE teams who can devote themselves (with supervised access). Monegasque
Government sites have just had a facelift to support missions”, says Stéphan companies and certain categories of
and are sweeping through every stage Bruno, recalling that this procedure also trusts are required to declare their
of the obstacle course for businesses, meets European standards in terms of beneficial owners to these registers, and
from creating a company to managing it. transparency and compliance. Indeed, the compliance services are required to
Choose a legal form, domicile a company, this was part of the recommendations report any inconsistency between the
open a bank account, register it… All key formulated by Moneyval when it information declared in the registers
information is accessible on this portal, evaluated the Monegasque system in and that received from the client. This
up to asking for financial aid or making the fight against money laundering and confidential register will be put online
VAT payments. the financing of terrorism. It should be before the end of the year, at the request
All procedures are not yet computerised, noted that the certificate is shorter than of Moneyval. “We are aiming for the last
but the number is gradually increasing. in other countries, mentioning only the quarter of 2023”, announces the Director
Today, professionals (companies, company name, the legal form, the date of Business Development, who does not
businesses and financial institutions) that the articles of association were filed, hide the technical difficulties of this file.
have the choice of around fifty online and the company’s administrators, but
services, starting with a request for a not its turnover.
certificate from the Trade and Industry NOT EASY
Register (RCI), i.e. the official document Coming Soon an online register of We must not believe that the
which attests the legal existence of a beneficial owners centralization of dematerialized
company. “It is the essential tool for all “Digital processes now play a central role procedures always happens like
businesspeople. We can use it for many in the action of the Government towards
operations (opening a bank account, businesses. Apart from a more fluid user clockwork. The proof? In France, Bercy
signing a commercial lease, purchasing experience and time savings in carrying has set up an online one-stop shop for
material or technical equipment, etc.)”, out formalities, the administrative formalities: formalites.entreprises.
says the Director of the Business management of companies if made gouv.fr, supposed to be THE entry
Development Agency, Stéphan Bruno. easier, and the content is updated point for companies to carry out
in real time, with the same value as their administration formalities from
void ueues a paper document”, believes Julien January 1, 2023. But the site has had
More than 20,000 certificates are issued Dejanovic, Director of the Digital Services repeated malfunctions. On request,
each year by the Agency. Before the Department, who would like to point out the ministry has had to temporarily
launch of this online approach, the that these teleservices are in addition reactivate Infogreffe, the platform
administration received 50 to 70 visitors to but do not replace procedures at the managed by registrars in commercial
daily to its premises during opening counter. Among other online procedures, courts, to ensure that company
hours... Online services now enable you can now register or renew national
people to avoid traveling and queuing trademark protection, the result of a modifications and shut-downs are
at the counter. They can consult or buy partnership with the European Union recorded. It must be said that the
a certificate from the RCI (certified as Office for Intellectual Property. accounting profession’s union had
the paper version), pay (15 euros) and Next step: putting the register of launched a website ‘SOS One-stop
download it in a few clicks. “Putting beneficial owners and trusts* online. shop’ to collect complaints and
the RCI online responds to our wish to A register of beneficial owners of launch a petition against this portal.
improve the quality of service for our companies and trusts has been in place in

*Any physical person who owns or controls, directly or indirectly, 25% or more of the capital of entities, with the exception of listed companies; or settlors, trustees, protectors and beneficiaries for trusts.

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