An association is a group of people who come together voluntarily to work on a joint project or to share activities without seeking to make a profit. Associations can have a wide variety of goals (sporting, advocacy for members’ rights, humanitarian, promotion of ideas or works, etc.).
To form an association in Monaco, you must send the General Secretariat of the Government a declaration signed by at least two adults who have full rights as citizens and are domiciled in the Principality.
A foundation is a group of privately owned assets which, in principle, has a legal personality and is managed in the public interest by a board of directors appointed by the founder or founders; foundations do not have a general meeting.
In Monaco, all new foundations are subject to the provisions of Act no. 56 of 29 January 1922 concerning foundations.