Status of the Principality in International Law


Monaco, a sovereign state

The first article of the December 17 1962 Constitution states that the "Principality of Monaco is a sovereign and independant State, within the framework of the general principles of international law and the special treaty signed with France)).

It defines in a synthetic formula the position of the Principality within the international society characterized by the following two principles: The relations of the Principality of Monaco with France on the level of political concerns are addressed in the treaty of July17, 1918.

Thereby the Republic of France assures the defense of the Principality's independance and Sovereignty guarantees the integrity of its territory.

The Prince's government thereby engages itself to exercise its right of sovereignty in perfect conformity with the political, economic, military and naval interest of France, and consults with France prior to engaging in international relations.

The recognition of the Sovereignty and independance of the Principality was further confirmed by the International Community with its admission at the i 83rd State member on May 28, i 993 to the united Nations Organization under the high authority of the Prince, the Minister of State handles foreign relations.

The Principality maintains diplomatic representations in several European countries (France, Germany Belgium, Italy Spain, Luxembourg, Netherlands, Switzerland, The Holy See and Liechtenstein ) as well as the united Nations.

In addition, i 20 consulates of Monaco headed by honorary consuls are open in 55 countries throughout Europe, Asia, Africa and America.

Reciprocally in the Principality 55 countries are represented by either career consuls (France and ltaly)or by honorary consuls.

Organizations and international efforts to which Monaco adheres:
  • The united Nations
  • Institutions within the UN :
  • Conference for European Security and Cooperation
  • Intergovernmental Organizations
  • International non-governmental organizations
  • Internatinal Organizations headquartered in Monaco

    The Privileged Relations with France

    The aforementioned Treaty of July 17 ,1918,which describs the reletions of the Principality of Monaco with France on the level of political concenrns ,was amended by an entire range of bilateral conventions addressing internal and economic issues

    Regarding internal issues,conventions were passed between the two countries concerning: Regarding economic issues :conventions,the latest being that of May 18,1963,have intervened in customs and fiscal issues The French territory and the Mongasque territory have common customs.The resulting activities from the custums union is shared annually between the Principality and France based on the population and coefficient of activity determined by common agreement.

    It is the same with regard to the taxes on the rate of turnover. The final product of perceived operationsin both countries is shared each year based on the volume of business conducted on the respective territory of each country.

    Fiscally, there are no direct taxes on personal income in Monaco.The fiscal convention of May i 8,1 963 ,howe- verimposed taxes on French nationals who could not justify five years of ordinary residency in Monaco at the date of October 13,1962.

    Companies making over 25% of their income from outside Monaco are subject to taxes equaling one theird their profits.