Enter into a business relationship with a management company
Any natural person or authorized representative of a legal entity, resident or not, may enter into a business relationship with a management company in the Principality, provided they have a bank account in the Principality or in an equivalent regulatory jurisdiction. Valid proof of identity and address must be presented to complete this formality according to Monegasque regulations (KYC: Know Your Customer).
When entering into a relationship, one or more mandate(s) are established depending on the service(s) chosen by the client. This mandate, for reception, transmission of orders, advice or discretionary management, contains all of the contractual commitments between the management company and the holder(s) of the mandate, from its opening to its closing. It specifies in particular information on the investor profile of the principal, as well as the characteristics of the mandate.