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;
• Applications for tax benefits for expats;
• 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

Major Swiss private bank

Assistance with seconding employees from Switzerland to Monaco, in the context of no bilateral agreement with Monaco on secondment, and banking professional secrecy. This included advice on benefits arrangements, review of the labour dispatch agreement and draft local contracts.

Major international jewellery & watches / luxury & fashion groups and an international cosmetics retail key player

Assistance with local employment and secondments requirements to replace employees in the context of COVID-19 restrictions (ban on travel and school closing). Assistance in the mobility of employees within the group, short term (secondments) for exceptional events and shows, and midterm for temporary replacement.

Major UK yacht broker

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” to the UK, in the context of the new Brexit rules, and absent any bilateral agreement with Monaco.