Monaco Economic Board (MEB) is responsible for promoting the Principality’s economy. Established as an association in 1999, MEB is the Monaco Government’s operational arm; its priority is to provide services to the 500 Monaco-based companies that have chosen to become members. MEB has two departments: the Monaco Chamber of Commerce supports the development of Monaco companies on a local and international level, organizing activities and offering them a range of services; Invest Monaco seeks and supports foreign business organizations and individuals wishing to set up in the Principality. MEB is a member of the International Chamber of Commerce.