Applying for a Monaco based job could be one of the most important topic for a foreign resident. In Monaco no foreigner may occupy a private salaried position without government authorisation!
Applying for a Monaco based job could be one of the most important topic for a foreign resident. In many cases it can happen that you, your wife or husband is looking for a job in the Principality to support the family household. However in Monaco no foreigner may occupy a private salaried position without government authorisation!
Having a fixed job in Monaco also could mean a green light towards the residency permit, therefore all the salaried job positions are monitored by the Government of Monaco. No one can start to work unless he/she possesses a work permit.
The work permit is not granted automatically and there are serious employment priority preferences for every open job position, which are meant to protect the local labor force.
The following order of priority is observed:
- People having Monégasque nationality
- Foreigners married to a Monégasque woman and not legally separated and foreigners born to a Monégasque parent
- Foreigners living in Monaco who have already held a job there
- Foreigners domiciled in one of the neighbouring towns (Cap d’Ail, La Turbie, Beausoleil or Roquebrune-Cap-Martin) and having previously worked in Monaco
The employer who wishes to engage or re-engage an employee of foreign nationality must obtain permission in writing before the applicant starts to work. This permission may be refused if there are people in the same profession or specialisation, who have priority registered with the Employment Office on the lists of those seeking work. Therefore finding a job in the Principality of Monaco is not only about your personal skills and education but about your luck us well. If there are other people waiting for similar job possibilities who enjoy the priority protection then you might never receive a work permit in Monaco.
Obviously the Monaco based companies also know this, since by regulation in order to allow their application, employers are required to declare any job vacancy to the Employment Office. It is also a very important thing that the Employment Office will send candidates to the employers within four days of the job post.
In case none of the sent candidates are acceptable to the employer, after five days of the job post the employer has the possibility to search for new candidates and to make suggestions towards the Employment Office. However it is almost impossible to provide new candidates if the new ones maintain the same skills as the ones provided by the Employment Office. The process is very protective for those who are on the priority list. The employer needs to create a written explanation why it prefers the selected candidate, but the Employment Office has the power to refuse the employer’s choice. In some cases even if the employer would be open to offer you a job position its hands are tied.
Any new employee or candidate must hold one of the following:
- If he lives in the Principality, a valid Monégasque residence card
- If he lives in France, a French identity card or a valid residence document
- If he lives neither in Monaco nor in France, the applicant must conform to the rules concerning the entry and residence of foreigners
In every case the employer must establish a work contract for a foreigner worker. This contract, after approval by the Employment Office, will make it possible to obtain the residence permit required for settlement in the Principality of Monaco. The formalities for the issue of a work permit are only launched after the issue of a Monégasque residence permit.
From information supplied by the employer, the candidate will receive a pre-printed request for engagement and issue of a work permit which he/she is required to complete and return as quickly as possible to the Employment Office.
Permission to engage someone is only issued if the person concerned passes a free medical examination carried out by the Employment Medical Service.
The biggest chance to find a job position in Monaco is in the hospitality, real-estate and the financial sectors. Monaco’s largest employer is the Monte Carlo SBM which runs the famous Monte-Carlo Casino, many of the luxury hotels and some of the most exclusive restaurants. Even if some of the businesses are producing debts the income of the Casino provides a great stability for the employees.
Right after the Monte Carlo SBM the real-estate market is the second largest employer in the Principality competing with the employers from the financial sectors such as banks, wealth managers, family offices and financial advisors.
It is also very important to consider before you apply for any type of job that Monaco has approximately five thousand enterprises, however over forty percent of them is run by registered independent workers.
Do you have a question?
Monaco Wealth Management is working with the some of the most experienced advisors in the Principality of Monaco.
Since 2010 we gained a member base of 9,000 Monaco residents, and our trusted partner, VK*P business advisors have over 3,000 people informed and guided on business and residency matters. If you have any questions about Monaco residency, business formation or business development we are happy to assist you in English, French, Italian and Spanish. Please feel free to contact us.
Interested to learn more about the Principality of Monaco?
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