Easily manage employment in

Monaco
monaco flag

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.

Services available in this country:
Contractor Management
  • Capital City

    Monaco

  • Currency

    Euro (€, EUR)

  • Languages

    French

  • Population size

    38,300

Services available in this country:
Contractor Management
The port of monaco with boats docked and mountains in the background.

Facts & Stats

Monaco
  • 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 hire and pay contractors right now in Monaco with Remote. Note that we are busy developing our EOR product to legally operate in Monaco to provide you with the best possible experience for your team, but we are not ready to employ in Monaco just yet.

Companies hiring in Monaco are typically required to either own a legal entity in the country or work with a global employment solutions provider to employ on the company's behalf. Developing the processes required to manage payroll, benefits, taxes, and onboarding in countries like Monaco can get complicated fast, especially without localized expertise. If you’re looking to start hiring in a country like this, using a global employment platform like Remote makes it easy to hire workers quickly, cost-effectively, and in full compliance with all local legislation.

In the countries where we do offer our employer of record product, Remote takes on responsibility for compliance 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 Monaco: Take the Tour

Seamlessly manage your workforce, from first hire to final paycheck

Competitive benefits package in Monaco

At Remote, we’re passionate about helping you craft the best possible employee experience for your team. We are leading the way in developing globally competitive benefits programs. This means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive, and that your company has the localized expertise needed to attract and keep the best global talent.

Although we don't yet have our own legal entity in Monaco, our benefits packages for all countries are tailored to fulfill the local needs of 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

$29

per contractor/month

Top features

  • Only pay for contractors you actively work with

  • Work with contractors in 200+ countries and territories

  • Create, edit, and sign tailored, localized contracts

  • Approve contractor invoices with one click or auto-pay

  • Transparent payments with complete visibility

Payroll

Consolidate your multi-country payroll

$29

per employee/month

Top features

  • Support: Personalized assistance with a dedicated team and specialists

  • Accuracy: Test runs and parallel pay runs before implementation

  • Compliance: Adhere to local labor laws in every country

  • Timeliness: Accurate and on-time payroll with labor authority reporting handled

  • Experience: Seamless payroll with easy access to payslips and expenses

HR Management

Manage all of your employees in one place

Free

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