Monaco at a Glance
Working in Monaco
Taking the country’s small size and lack of natural resources into account, it is hardly surprising that many of those working in Monaco find themselves employed in such key sectors as tourism, finance and insurance, as well as light, high-tech research and industry.
Due to its size, Monaco is highly dependent on other countries and its European neighbors in particular. As such, the principality has also been heavily affected by the euro-zone crisis and related declines in tourism and global trade. Nevertheless, the nation has managed to weather the storm so far, and it achieved a pre-crisis level of GDP in 2012.
Only about 2% of local jobs were held by Monegasque in 2013, so expats working in Monaco and cross-border commuters are quite common. Nevertheless, when applying for a public service position or otherwise looking for employment, Monegasque nationals, as well as others with close ties to the country (e.g. via marriage), typically enjoy prioritization.
Still, you can start by looking for jobs online at such sites as Job Monaco (French only) or try and send an initiative application to a local company. Kompass offers a directory of registered businesses which you can browse for this purpose. The self-proclaimed biggest employer in the Principality, for instance, is the Monte-Carlo SBM Group, which regularly offers open positions in one of their casinos, luxury hotels, restaurants, etc.
Work Permit for Monaco
If you are planning on working in Monaco, then you will need a permit de travaiI first. Similarly, your (future) employer needs to apply for permission to hire foreign employees. This is done so that Monegasque nationals, as well as those with close ties to Monaco (e.g. the spouse of a citizen), are prioritized in regard to local jobs.
In order to apply for your permit, you need to either:
- hold a valid Monegasque residence card, or
- have a valid French ID or residence document when commuting from France
If you are living neither in France nor in Monaco, you and your employer have to settle the question of your visa and residence status first, i.e. get permission to employ a foreigner, establish the work contract, use the contract to get your visa, and so on. This may also include a medical examination.
Only once your status of residence is settled can you apply for a work permit at the Employment Office.
Setting Up a Business
If you are, on the other hand, thinking of starting your own company, of working in Monaco as a freelancer, or of any other form of self-employment, then you need a business permit. This is issued by the Minister of State. Your eligibility depends on your professional reputation and qualifications, as well as the nature, structure, and size of your business.
The public services website gives a first overview over the different legal forms for companies and regulated jobs in Monaco. For more detailed information and help with setting up a business locally, however, you’d better get in touch with the Monaco Welcome & Business Office.
We do our best to keep this article up to date. However, we cannot guarantee that the information provided is always current or complete.