Monaco
Remote's Monaco employment guide will guide you through your compliance responsibilities. Note that Remote's employer of record services are not yet live in Monaco. but you can pay contractors with Remote.
- Capital City
Monaco
- Currency
Euro (€, EUR)
- Languages
French
- Population size
38,300
Facts & Stats
- Capital City
Monaco
- Currency
Euro (€, EUR)
- Languages
French
- Population size
38,300
- Ease of doing business
N/A
- Cost of living index
N/A
- Payroll frequency
N/A
- VAT - standard rate
20%
- GDP - real growth rate
6.1 (2018)
Grow your team in Monaco with Remote
You can pay contractors now in Monaco with Remote. Note that we are busy building our own entity in Monaco to provide you with the best possible employment solutions for your employees, but our employer of record service is not yet live in this country.
To employ in Monaco, companies must own a local legal entity in the country or work with a global employment solution. Developing the processes required to manage payroll, benefits, taxes, and onboarding in countries like Monaco can get complicated fast, especially without localised expertise.
If you're looking to start hiring in a country like this, partnering with a global employment solution like Remote makes it easy for your company to employ workers quickly, cost-effectively, and in full compliance with all local legislation.
In the countries where we do offer our EOR services, Remote takes on the responsibility and legal risks of international employment so you can focus on hiring great talent and growing your business.
Risks of misclassification
Monaco, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Monaco may lead to fines and penalties for the offending company.
Effortless HR in Monaco: Take the Tour
Competitive benefits package in Monaco
At Remote, we’re obsessed with helping you craft the best possible employee experience for your team. We are leading the way in practising “fair equity”, which means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive (and that will allow you to attract the best local talent).
We are still busy building our own entity in Monaco, but our benefits packages for all countries are tailored to fulfil the local needs of your employees. Typically, our packages contain some or all of the following benefits:
Health Insurance
Dental Insurance
Vision Insurance
Mental Health Support
Pension or 401(K)
Life and Disability Insurance
Fair Pricing in Monaco
Contractor Management
Compliantly onboard and pay contractors
US$29
per contractor/month
Top features
Only pay for contractors you actively work with
Work with contractors in 200+ countries
Create, edit, and sign tailored, localised contracts
Approve contractor invoices with one click or auto-pay
Transparent payments with complete visibility
Payroll
Consolidate your multi-country payroll
US$29
per employee/month
Top features
Simplify: Comprehensive platform that integrates all payroll functions
Support: Personalised assistance with a dedicated team and specialists
Accuracy: Test runs and parallel pay runs before implementation
Compliance: Adhere to local labour laws in every country
Timeliness: Accurate and on-time payroll with labour authority reporting handled
Experience: Seamless payroll with easy access to payslips and expenses
Top features
Guided onboarding and offboarding
Employee profile and document management
Time and attendance (time off and tracking)
Expense management and reimbursement
Employee self-serve on the platform and mobile app