MONACO PEO & EOR
Hire in Monaco without a local entity today
As a Global PEO & EOR service provider, we pride ourselves on our global reach, in-country knowledge, and ability to swiftly and efficiently mobilize workers around the world. Our robust PEO/EOR covers everything from global HR, payroll, compliance, in-country support, immigration, visas, and more.
Get started and hire in Monaco today with Gibson Watts Global.
DID YOU KNOW
- Monaco is the second-smallest country in the world, yet one of the wealthiest per capita.
- The principality has no general income tax, except for French nationals due to a bilateral agreement.
- Monaco is one of the world’s most expensive places for real estate. The average price in Monaco is double that of New York!
Forget software,
this is expansion
with a human touch
MONACO EOR Services
A Gateway to Europe’s Prestigious Market
Working in MONACO
Financial Year Dates
January 1st – December 31st
Minimum Wage
€11.88/hour (~€1,968.85/month for a 39-hour week, 2025 rate)
Standard working hours
39 hours/week, typically Monday–Friday
Overtime
125% pay for first 8 overtime hours/week, 150% beyond that. Max 48 hours/week.
Holiday Allowance
30 working days of paid annual leave per year
Sick Leave
Sick leave is primarily managed through social security and is subject to specific rules regarding notification, medical certificates, and compensation.
Maternity & Paternity Leave
- Maternity: 18 weeks paid (social security)
- Paternity: 21 days for single births, 28 days for multiple births or with two dependents
Public Holiday
Monaco has 12 public holidays a year:
- New Year’s Day
- Saint Dévote’s Day
- Easter Monday
- The first of May
- Ascension
- Whit Monday (50 days after Easter)
- Corpus Christi (the Thursday 60 days after Easter)
- Assumption
- All Saints’ Day
- The Prince’s Day (the National Day)
- The Immaculate Conception
- Christmas Day
Social Contributions
Employees: 10–14% of gross salary
Income Tax
No personal income tax, except for French nationals
Health Care
Comprehensive health coverage via social security system
Visas
Monaco, while not part of the Schengen Area, follows the Schengen visa rules due to its customs union with France. This means that if you need a visa to enter France, you’ll likely need one for Monaco as well and vice versa