Monaco Economic Board Rebrands as Monaco Chamber of Commerce

Key Points

• Members of the Monaco Economic Board (MEB) unanimously approved the organisation’s renaming as the Chamber of Commerce of Monaco at an Extraordinary General Meeting on 5 October 2026.
• The change follows the creation of the Invest Monaco Unit by the Princely Government, which has assumed responsibilities for investor attraction and Monaco’s international promotion.
• The rebranded chamber will focus on supporting companies, internationalisation, business networking and economic information services.
• Chairman Michel Dotta described the change as a logical progression from the organisation’s earlier identity as the Chamber of Economic Development.
• Deputy CEO Justin Highman said the organisation completed 70 actions and facilitated more than 1,500 business matchmaking connections in 2025.
• CEO Guillaume Rose said the Chamber of Commerce would strengthen its role as a point of contact and partner for businesses in Monaco.
• Member-to-member B2B networking sessions are set to increase from an annual to a biannual schedule.
• The organisation plans to gradually expand its economic monitoring services.
• More than 400 executives attended the 58th Members’ Meeting at the Monaco Yacht Club’s Observatory Deck, described by Monaco Life as a record attendance.
• The Chamber presented plans for conferences, B2B meetings, incoming delegations and economic missions to Montenegro and China through the end of 2026.
• Graines d’Entrepreneurs, led by President David Sirour, is becoming an independent association after a decade operating within the Junior Chamber of Monaco.
• The youth mentoring initiative will continue promoting entrepreneurial skills among pupils in the Principality.

Monaco Weekly News (MWN) October 8, 2026 – The Monaco Economic Board has officially adopted a new identity as the Chamber of Commerce of Monaco after its members unanimously approved the change at an Extraordinary General Meeting on October 5. The decision marks a restructuring of the organisation’s role following the creation of the Princely Government’s Invest Monaco Unit, which has taken responsibility for investor attraction and international promotion. The renamed chamber will concentrate on supporting companies, encouraging internationalisation, strengthening business connections and expanding economic information services. The change was accompanied by a record-attended members’ meeting, the presentation of a programme of business activities for the remainder of the year and a renewed focus on youth entrepreneurship.

Why has the Monaco Economic Board become the Chamber of Commerce of Monaco?

According to Virginia D’Umas of Monaco Life, members of the Monaco Economic Board voted unanimously on Monday, October 5, to rename the association as the Chamber of Commerce of Monaco. The decision was taken during an Extraordinary General Meeting.

The change represents a revised operational scope for the organisation. It follows the establishment of the Invest Monaco Unit by the Princely Government, which has assumed responsibilities previously handled by the Economic Board in relation to investor attraction and international promotion.

As reported by Virginia D’Umas of Monaco Life, the Chamber of Commerce will now refocus on what are described as its core institutional missions. These include support for companies in the Principality, internationalisation and business networking.

The organisation continues to operate internationally under the Chamber of Commerce of Monaco identity, while its activities are being aligned with its revised responsibilities.

A separate report by Ross Povey of NEWS.MC, published on October 7, also reported that the unanimous decision followed the creation of Invest Monaco and described the reorganisation as a renewed focus on business support across the Principality.

What did Michel Dotta say about the organisation’s new identity?

Chairman Michel Dotta described the change as a natural development in the organisation’s history.

According to Virginia D’Umas of Monaco Life, Dotta said the move was a “quite logical progression” and that the Chamber of Commerce of Monaco reflected what the organisation is today.

Dotta has been associated with the organisation since its earlier form as the Chamber of Economic Development, which was established in 1999. The organisation subsequently became known as the Monaco Economic Board.

The change therefore involves more than replacing one name with another. It places the organisation under a name that directly identifies its chamber-of-commerce function while the government’s newly established Invest Monaco Unit takes on investor-attraction and international-promotion responsibilities.

The organisation’s own published information similarly identifies the Monaco Economic Board as the Monaco Chamber of Commerce and describes its role as supporting Monaco’s economic activity and participating in the development of businesses in the Principality.

What will the Monaco Chamber of Commerce focus on?

The rebranded organisation is placing company support, connections and information at the centre of its activities.

During the members’ meeting, Deputy CEO Justin Highman outlined the organisation’s activities and objectives. According to Monaco Life, he said that the organisation completed 70 actions and facilitated more than 1,500 matchmaking connections during 2025.

These figures provide the operational context for the organisation’s stated intention to increase its activity as a business partner.

CEO Guillaume Rose told attending entrepreneurs that the Chamber of Commerce intended to be more than ever a point of contact and partner for businesses.

The emphasis is therefore on practical interaction with companies rather than solely on international economic promotion. Business networking, support for companies and access to economic information are central elements of the revised mandate.

The organisation has also indicated that its member services will be expanded.

How will business networking services change?

One of the immediate changes concerns business-to-business networking.

According to Virginia D’Umas of Monaco Life, B2B networking sessions currently organised for members on an annual basis will move to a biannual schedule.

The change is intended to increase opportunities for businesses within the membership to meet, exchange information and develop professional connections.

The Chamber’s broader programme also includes conferences, meetings with business delegations and international economic missions. These activities form part of the organisation’s stated role in connecting Monaco-based companies with wider business networks.

Ross Povey of NEWS.MC similarly reported that the Chamber plans to increase member B2B meetings from once to twice a year, alongside the gradual introduction of additional economic intelligence services.

What new economic information services are being introduced?

The Chamber of Commerce is also planning to strengthen its economic monitoring activities.

Monaco Life reported that enhanced economic monitoring services will be introduced gradually. The purpose of these services, within the organisation’s wider programme, is to provide members with more economic information as they conduct business and assess international opportunities.

The change places information alongside networking and company support as one of the organisation’s principal services.

The organisation’s role will consequently include helping businesses remain connected to developments affecting the economic environment, while continuing to provide opportunities for professional networking and internationalisation.

How many executives attended the Monaco Chamber of Commerce meeting?

Following the formal vote on the name change, more than 400 executives attended the organisation’s 58th Members’ Meeting at the Observatory Deck of the Monaco Yacht Club.

Monaco Life described the attendance as a record for the event.

The gathering provided an opportunity for the organisation to present its activities and upcoming programme after the formal approval of the new name.

The scale of attendance also brought together a significant cross-section of Monaco’s business community at a meeting marking a change in the institution’s formal identity.

The event therefore combined the organisational vote with the presentation of future business activities.

What activities has the Chamber of Commerce planned for the end of 2026?

CEO Guillaume Rose presented the organisation’s schedule of activities through the end of the year.

According to Monaco Life, the programme includes domestic conferences, B2B sessions, incoming delegations and economic missions to Montenegro and China.

The programme indicates that the organisation’s international activities are continuing even after responsibility for investor attraction and international promotion has moved to the Invest Monaco Unit.

The focus of the Chamber is instead being positioned around its institutional role as a business organisation, including the internationalisation of Monaco-based companies and the development of business relationships.

The missions to Montenegro and China will form part of this wider programme of international economic engagement.

What is changing for youth entrepreneurship in Monaco?

The members’ meeting also highlighted a development involving youth entrepreneurship.

David Sirour, President of the newly independent Graines d’Entrepreneurs association, addressed attendees during the evening.

The programme has operated for a decade within the Junior Chamber of Monaco. It is now becoming an independent association with the stated aim of continuing its work among pupils in the Principality.

Its mentoring activities are intended to develop entrepreneurial skills among young people.

Monaco Life reported that the move is aligned with the Chamber’s mission of supporting entrepreneurship and business development.

The organisation’s development is also supported by earlier reporting from Radio Monaco, which identified David Sirour as the creator of Graines d’Entrepreneurs and covered the programme in September 2025.

The move into an independent association changes its organisational structure while retaining its focus on introducing entrepreneurial concepts to young people.

What does the rebranding mean for Monaco businesses?

The rebranding establishes a clearer separation between two areas of economic activity: investor attraction and international promotion on one side, and chamber-of-commerce functions on the other.

The creation of Invest Monaco has shifted specific responsibilities away from the former Monaco Economic Board. The newly named Chamber of Commerce can therefore concentrate its activities on business support, networking, economic information and internationalisation.

For member companies, the practical changes outlined so far include more frequent B2B networking opportunities and the planned expansion of economic monitoring services.

The organisation’s 2025 activity figures, cited by Monaco Life, also provide a measure of its existing level of engagement, with 70 actions and more than 1,500 matchmaking connections recorded during that year.

The new structure does not remove the organisation’s international dimension. Instead, internationalisation remains one of its stated missions, while the Invest Monaco Unit takes responsibility for attracting investors and coordinating Monaco’s international promotion.

How does the change fit into the Chamber’s history?

The organisation’s history stretches back to 1999, when its predecessor was established as the Chamber of Economic Development.

Michel Dotta, who was involved from the organisation’s foundation, has remained associated with its development through its transition into the Monaco Economic Board and now the Chamber of Commerce of Monaco.

The latest change therefore represents another stage in the institution’s development.

Its current identity reflects a traditional chamber-of-commerce function focused on businesses operating in Monaco, while the government has created a separate unit to manage investor attraction and international promotion.

The distinction provides the basis for the revised operational scope announced at the October 5 meeting.

What is the wider significance of the new Chamber of Commerce structure?

The restructuring gives the organisation a more clearly defined mandate at a time when Monaco’s economic institutions are adjusting their responsibilities.

The Chamber of Commerce is concentrating on its relationship with companies and members, including business connections, economic information, internationalisation and support.

At the same time, Invest Monaco has assumed responsibilities connected with investor attraction and international promotion.

The organisation’s forthcoming programme suggests that the change will be accompanied by continued activity rather than a reduction in its business engagement. Conferences, B2B meetings, delegations and international missions remain on the schedule.

The emphasis on increased networking and economic monitoring also indicates that member services are expected to become a more prominent part of the organisation’s activities.

What is the background to the Monaco Economic Board’s transformation?

The organisation was founded in 1999 as the Chamber of Economic Development before adopting the Monaco Economic Board identity.

Over the years, its activities have included economic promotion, business networking, international development and support for companies in Monaco.

The latest institutional change follows the establishment of Invest Monaco by the Princely Government. According to Monaco Life, that unit assumed responsibilities for investor attraction and international promotion that had previously been managed by the Economic Board.

The Chamber of Commerce of Monaco now operates with a more focused institutional mission centred on companies and their business development.

Its stated priorities include helping businesses, connecting them with other economic actors, providing economic information and supporting internationalisation.

The youth entrepreneurship programme Graines d’Entrepreneurs is also developing alongside this change. After a decade within the Junior Chamber of Monaco, the programme is becoming an independent association under the leadership of David Sirour.

What can businesses in Monaco expect from the change?

The immediate direction is towards more frequent member networking, additional economic monitoring services and a continuing programme of domestic and international business activity.

The Chamber has announced that B2B networking sessions will take place twice a year rather than annually. It is also gradually introducing enhanced economic monitoring.

For companies already connected to the organisation, these measures provide additional formal opportunities for networking and access to economic information.

For the wider business community, the distinction between the Chamber of Commerce and Invest Monaco establishes separate institutional channels for business support and investor attraction.

The effects will depend on how the new responsibilities are implemented and how businesses use the services available to them.

Prediction: How could the rebranding affect Monaco businesses?

For businesses, entrepreneurs and members of Monaco’s commercial community, the most immediate effect is likely to be a clearer institutional structure.

The Chamber of Commerce of Monaco is expected to focus more directly on member services, business networking, economic information and internationalisation, while Invest Monaco handles investor attraction and international promotion.

The increase in B2B sessions from once to twice a year could provide businesses with more regular opportunities for professional connections. The planned economic monitoring services could also give members additional information for following economic developments.

The continued programme of international missions and incoming delegations means that international business engagement is also expected to remain part of the Chamber’s activities.

For young entrepreneurs and pupils, the independent development of Graines d’Entrepreneurs provides a separate structure for continuing entrepreneurship mentoring.

The practical impact of the reorganisation will therefore be measured through the services delivered to companies, the frequency of business connections and the effectiveness of the new division of responsibilities between the Chamber of Commerce and Invest Monaco.