Monaco capital gains tax: none for ordinary residents
Monaco has no general personal capital gains tax, so the tax on your investment gain is zero. Shares, crypto and property alike, a private disposal by an ordinary Monaco resident is not taxed. What matters instead is whether you are a French national outside the resident exemption, whether you trade as a business, and property transfers carry registration duties on the value, not the gain.
Verified as of 2026-09-18 against the Monaco government and Legimonaco.
Current rules
Taxes on selling shares, crypto and property in Monaco
What you pay when you sell
| Asset | Tax on the gain |
|---|---|
| Shares (personal investment) | Nothing. No general personal capital gains tax for ordinary Monaco residents |
| Crypto | Nothing |
| Property (personal investment) | Nothing on the gain |
| An asset traded as a business | Business disposals of fixed assets can enter the profits-tax base of a qualifying commercial or industrial enterprise |
| Property transfer | Registration, transcription and mortgage duties instead of a gains tax, 4.5% in the qualifying transfer case, 7.5% on the relevant civil-company share transfers, charged on the value |
| Sale of a new building | VAT at the normal 20% rate, a transaction tax, not a gains tax |
Sourced from the authority pages above, as of 2026-09-18.
Questions
Monaco capital gains tax questions
Does Monaco have a capital gains tax?
Not for ordinary residents. Monaco levies no general personal capital gains tax on resident individuals under its ordinary resident regime: the official government welcome guide states there is no personal income tax, no wealth tax, no property tax and no housing tax. Listed shares, funds, crypto, real property and personal valuables alike, a private disposal is not taxed.
Who does the exemption not cover?
French nationals governed by the 1963 Franco-Monegasque convention are expressly excluded from the resident exemption and follow their French tax position. Monaco's zero does not clear French-resident and treaty cases, or taxes imposed by the situs or source country.
What does selling property cost?
Registration, transcription and mortgage-related duties rather than a gain-based tax: the State's principal real-estate levy, except for VAT on sales of new buildings. The registration law records a 4.5% duty in the qualifying transfer-to-individual/Monaco civil-company case and a 7.5% duty for the relevant transfers of shares or parts of Monaco civil companies whose assets include Monaco real estate, charged on the value, which can be the property's market value, not the gain.
Is crypto taxed in Monaco?
Not as a personal capital gain. The no-CGT result covers ordinary private disposals of crypto alongside listed shares, funds and unlisted shares. Trading assets as a business is different: qualifying commercial or industrial enterprises fall under Monaco's profits tax, including business disposals of fixed assets.
What does the Monaco government's welcome guide say?
Monaco levies no general personal capital gains tax on Monaco-resident individuals within its ordinary resident regime: the official government welcome guide states that Monaco has no personal income tax, no wealth tax, no property tax and no housing tax. Source: https://monservicepublic.gouv.mc/content/download/48067/file/welcomeofficeFR.pdf?inLanguage=fre-FR&version=1
What about French nationals?
That resident exemption expressly excludes French nationals governed by the 1963 Franco-Monegasque convention, whose French tax position is outside the Monaco result. French-resident and treaty cases, and taxes imposed by the situs or source country, likewise require separate analysis.
Does business activity change the answer?
The no-CGT result covers ordinary private disposals of listed shares, funds/ETFs, unlisted shares, crypto, real property and other personal valuables. It is not a blanket exemption for business activity: Monaco's profits tax applies to qualifying commercial or industrial enterprises, including business disposals of fixed assets under the relevant rules. Source: https://legimonaco.mc/tnc/ordonnance/1964/03-19-3.152
What duties apply to real-estate transfers?
Real-estate transfers are subject to registration, transcription and mortgage-related duties rather than a gain-based personal CGT — together the State's principal real-estate levy, except for VAT on sales of new buildings. The official registration law records a 4.5% duty in the qualifying transfer-to-individual/Monaco civil-company case and a 7.5% duty for the relevant transfers of shares or parts of Monaco civil companies whose assets include Monaco real estate; the base can be the property's market value rather than the gain. Source: https://legimonaco.mc/tnc/loi/1953/07-29-580 and https://journaldemonaco.gouv.mc/Journaux/2011/Journal-8023/Loi-n-1.381-du-29-juin-2011-relative-aux-droits-d-enregistrement-exigibles-sur-les-mutations-de-biens-et-droits-immobiliers
Are there securities transaction taxes?
Sales of new buildings can attract VAT at the normal 20% rate, and certain transfers of movable rights, company formations and share/part transactions can attract registration or stamp duties whose base and rate depend on the legal form and transaction — so no single universal securities transaction-tax rate applies. Source: https://journaldemonaco.gouv.mc/Journaux/2013/Journal-8110/Ordonnance-Souveraine-n-4.199-du-20-fevrier-2013-relative-a-la-taxe-sur-la-valeur-ajoutee