Monaco is one of the few civil law countries in the world to have a trust law. Under the trust law a foreigner whose country of nationality permits the establishment of trusts is entitled to establish a trust to dispose of his assets in accordance with the laws of his country of nationality. The trust may be either inter vivos or testamentary and represents a method for a foreign national to avoid the forced heirship provisions contained in Monegasque succession law.

The deed creating a trust is subject to a registration duty varying from 1.3% to 1.7% depending on the number of beneficiaries mentioned in the deed.