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Labor Laws in Monaco

  • Annual Leave: 30 days
  • Maternity Leave: 18 weeks
  • Public Holidays: 12
  • Workweek: 39 hours per week.

Income Tax in Monaco

Monegasque nationals and foreign residents in Monaco, except French nationals, do not have to pay income tax.

Value Added Tax (VAT) in Monaco

The standard VAT Rate is 20%.

Social Security in Monaco

Social security contributions are mandatory for employers and employees, funding various benefits such as healthcare, pensions, and unemployment insurance:

  • Employer Contributions:The total employer contribution rates can reach approximately 28.65% of an employee's gross salary, depending on the specific funds.
  • Employee Contributions:Employees typically contribute around 10% to 14% of their gross salary, depending on the specific fund and salary level.

Work Visas Monaco

The visas available to legally work in Monaco include:

Long-stay Visa (Visa de Long Séjour)

  • Foreigners who intend to work in Monaco for more than 90 days need to apply for a Long-Stay Visa before entering the country.
  • This visa is a prerequisite for obtaining a residence permit in Monaco.
  • The visa is issued based on employment, study, or other long-term reasons.
  • Applicants must provide proof of employment or other justifications for their stay.

Work Permit (Autorisation de Travail)

  • A Work Permit is required for all foreigners who wish to take up employment in Monaco.
  • The permit is specific to the job and employer, and the application is typically initiated by the employer.
  • The employer must justify the need to hire a foreign national instead of a local resident.
  • The application includes a work contract, proof of qualifications, and other supporting documents.
  • The permit is generally valid for the duration of the employment contract, with the possibility of renewal.

Residence Permit (Carte de Séjour)

  • After obtaining a Long-Stay Visa and Work Permit, foreign workers must apply for a Residence Permit to live in Monaco.
  • The type of Residence Permit depends on the length of stay and employment status.
  • Different types of Residence Permits are available, such as temporary (Carte de Séjour Temporaire) or ordinary residence permits (Carte de Séjour Ordinaire).
  • The Residence Permit must be renewed periodically, typically annually.

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