Expat Lawyers in Monaco - Relocation, Tax & Employment
Holistic approach
Some examples of areas in which CMS can help:
- Employee agreements covering all employment-law aspects of the international assignment lifecycle in the relevant jurisdiction from initial assignment through to termination;
- Application for the required permits to reside and work in the country, both for expats and their family members;
- Mobility policies;
- International assignment services;
- Termination of international assignment services agreements;
- HR data protection requirements;
- Tax optimization of salary splits and employee benefits;
- Employers’ tax obligations, multi-state wage and income tax returns;
- Payroll services; and
- Analysis of the applicable social security scheme(s) and the consequences thereof.
Fun fact
Did you know that groups of companies can only second their employees to Monaco for a maximum of 30 days when the seconding company is domiciled in a jurisdiction not linked to Monaco by a bilateral agreement? Beyond this duration, the Monegasque company of the group will have to request the issuance of a work permit according to the conditions provided for by Monegasque law including the criteria of the place of residence of the future employee.
References
Banks
Assistance with seconding employees from Switzerland to Monaco and vice versa, in the context of no bilateral agreement with Monaco on secondment, and banking professional secrecy. This included advice on benefits arrangements, review of the labor dispatch agreement and draft local contracts.
International retail
Assistance with local employment and secondments requirements to transfer employees within the group from jurisdictions to others, short term (secondments) for exceptional events and shows, and midterm for temporary replacement.
Sport players
Assistance with the relocation of EU and non-EU sport players in Monaco, including advising on visa, work permits and business authorizations in Monaco.
Yachting
Assistance with the relocation of UK employees in Monaco and vice versa, including advising on visa and work permits in Monaco and duties towards employees “departing” from the UK, in the context of the new Brexit rules, and absence of any bilateral agreement with Monaco.
Shipping
Assistance with the relocation of UK and Singapore employees in Monaco including towards employees “departing” from the UK, income tax liabilities, tax advice on benefits arrangements and relocation packages.
