Monaco business

Do you want to work in Monaco?

People from all over the world dream of living and working here. If you're one of them, you'll find data, links and resources on this page.

Q. How do you find a job in Monaco?

Monaco is a great place to live, but it can be tough to find work. Positions are first offered to Monegasques and residents, so it's not easy to get a foothold. Monaco IQ's top five resources for finding work are:

1. Emploi Monaco [9], a website that aggregates positions offered in the Principality.
2. Nice Matin [10], regional newspaper.
3. AngloInfo employment offers [11] cover the French Riviera region.
4. Riviera Radio [12], a local English language radio station that often carries on-air job offers.
5. Contact the largest employers [13] directly.

Q. Can you move to Monaco and then find a job?

You can enter Monaco as a tourist and stay for 3 months without registering with the authorities. However, if you want to set up residence you must apply to the police for a permit, the application process taking about 3 months. The 3 most important things you'll need are:

• Proof you can support yourself with an employment contract or money in a Monaco bank
• Rental contract or deeds to property
• No previous criminal convictions

In addition you'll be asked to fill out a form and attend an interview with the police. Once the formalities are complete, your application processed and successful, you'll obtain temporary residency for 1 year.

More information can be found in French only on the Monaco Police [14] website, or in English through the Monaco Government [15] portal.

Q. What's the job market like in Monaco?

Three important facts about the job market:

1. The largest employer is Monte Carlo SBM

Monte Carlo SBM runs the casinos and many of the luxury hotels. Check our company pages [13] for a list of the companies in Monaco that employ the most people.

2. The real estate, rental and business services sector employs most people

These industries account for nearly a quarter of all positions in the private sector. Other important industries for employment are commerce, hotels and restaurants, construction, finance, and health services. The Principality's rubber, plastics and chemicals industries account for approximately 5% of the jobs.

You'll find more employment statistics [16] on the government portal.

3. There are approximately 5000 enterprises in Monaco

About 40% of all enterprises are registered independent workers.

Q. What salary can you expect?

Most estimates put average monthly net earnings in Monaco at around 2500 euros. Of course, if you're domestic staff or a private wealth advisor, your salary may vary considerably.

Q. Do you have to join a trade union?

Although there are unions operating in the Principality, you don't have to join one. However, if you work for a company that has 10 employees or more, there must be staff elections to select group and individual representatives.

The Union des Syndicats de Monaco [17] (USM), a federation of trades unions, represents over 35 professions [18] that support and protect employee rights. Employers have the Federation Patronale Monegasque [19] to represent their interests.

Q. Is it possible to set up my own company in Monaco?

If you're interested in setting up your own company in Monaco, please refer to the entrepreneurs [20] page of our website. You'll find information and resources to help establish your company, carry out research and get to know other like-minded business people. Contact information for the Monaco Chamber of Commerce (Chambre de Developement Economique, CDE), the Junior Chamber (Jeune Chambre Economique de Monaco, JCEM), Monaco Venture Capital and Private Equity Association (MVCA), the domain name registrar, and several business associations are listed.

Whether you're a budding entrepreneur [20] or an experienced business manager, if you need more help with your business research, please contact us [21].