Promoting Monegasque businesses in the Principality and abroad has been the role of Monaco’s Economic Development Chamber (Chambre de Développement Economique de Monaco, CDE) for more than 10 years. The CDE is a private association, financed by contributions from its member companies and support from the Prince’s Government.
This general mission encompasses two very different yet complementary tasks: assisting the development of Monegasque companies and seeking out new foreign investors. In response to the expectations of its members and through working closely with the Prince’s Government, the CDE employs a proactive strategy in both these areas:
Services for member companies:
Most notably, the organization of trade missions in the Principality and abroad; access to the CDE’s networks in Monaco and overseas, such as, for example, the Diplomatic and Consular Corps of Monaco, or the International Chamber of Commerce (ICC), for which the CDE is Monaco’s national committee member.
Promoting Monaco abroad:
In partnership with Monegasque institutions, alongside key players from the business sector, organization of and/or participation in events presenting the Principality’s assets, at dedicated investment fairs, etc. Since 2009, this promotional aspect of the CDE’s work has broadened to include seeking foreign investors to develop projects linked to the major areas which make Monaco a unique location in terms of quality of life: security, education, health, environment, etc.
A personal welcome for investors and new members:
The CDE offers support to all investors during the setting up period, and tracks the administrative procedures involved.
The Chamber is fully committed to its role as the organization which brings together the various actors involved in Monaco’s economy, and provides an active interface between the private and public sectors. The CDE’s teams work very closely with the Prince’s Government to help move forward investment projects in the Principality, at the implementation and/or planning stages. They also act as a conduit between the CDE’s members and the Monegasque authorities.