Employing staff in Monaco

monaco-contract-work

The Monegasque job market employs several tens of thousands of people working in a variety of sectors: finance, real estate, hospitality, retail, business services and industry.

Hiring an employee in Monaco means complying with a specific regulatory framework covering the employment contract, social obligations and administrative procedures.

Hiring an employee in Monaco

Companies can hire:

  • Monegasque residents;
  • people living in the neighbouring municipalities;
  • international workers, subject to the applicable rules.

Some sectors regularly rely on specialised labour, in particular:

  • banking and finance;
  • hospitality and catering;
  • IT;
  • real estate;
  • professional services.

The employment contract

The employment contract must specify in particular:

  • the position held;
  • the remuneration;
  • working hours;
  • the terms of employment;
  • any benefits.

Different types of contract can be used depending on the needs of the business.

The employer's obligations

The employer must in particular:

  • complete the mandatory administrative procedures;
  • declare its employees;
  • comply with the rules of Monegasque labour law;
  • meet its social security obligations.

Recruiting effectively

Companies can use:

Growing your team in Monaco

The Principality has an international employment pool with qualified profiles in many sectors of the economy.

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