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Employer of record in Monaco

6 sourced figures on hiring in Monaco, drawn from 4 sources and normalized for comparison: statutory rules, employer cost and exactly what an EOR covers locally. Every figure is dated.

ISO MCRegion EuropeCurrency EURVerified 2026-07-04

Hiring here: moderately complex, mid-range on cost, and fast to hire via EOR.

cost of employment
MODERATE
23.5% employer social security
ease of exit
EASY
7.2 weeks notice
speed to hire
DAYS
16 EOR providers, from $179/mo
Employer burden rank
missing pillar data
Not scored
Global Employer Burden Index (Employ Borderless) · 2026 edition
Each band is derived from the 6 sourced fields below and recomputed on every refresh. See the methodology.
Statutory snapshot

Employer of record in Monaco: the statutory snapshot

The headline employer costs, pay floor and worker protections for hiring in Monaco through an employer of record, each figure sourced and dated. 16 EOR providers cover Monaco.

Minimum wageEUR 12/moILOSTAT, 2024-01-01
Employer social security23.5%ISSA Country Profiles, 2024-01-01
Notice period7.2 weeksNational government, 1963-03-16
Public holidays12 daysNational government, 2026-01-01

As of 2026-07-04. Each value is the winning figure from primary and harmonized sources, resolved by a documented priority chain. Full record with provenance below.

Where to start

Three ways to hire in Monaco

Own entity

You are the employer. Lowest per head cost at scale, months to establish.

Best for large, permanent headcount.
EORfastest

You direct the work, the provider's local entity is the employer on paper. Compliant in days.

See the 16 providers below ↓
Best for 1 to 50 hires, for speed, or to test a market.
Contractor

Not your employee. Fastest and cheapest, with misclassification exposure.

Best for genuinely independent, short term work.
Compare entity setup cost against EOR fees for Monaco →

The full record

Every figure behind the snapshot

Not a guide, a record: 6 figures for Monaco from 4 sources, last refreshed 2026-07-04. Each value carries its source and the date it was pulled. Hover any provenance tag for the full chain.

employment & pay1 field
Minimum wage
EUR 12/mo
ILOSTAT · 2024-01
cost & taxes2 fields
Employer social security
23.5%
ISSA Country Profiles · 2024-01
Employee social security
6.85%
ISSA Country Profiles · 2024-01
termination1 field
Notice period
7.2 weeks
National government · 1963-03
leave1 field
Public holidays
12 days
National government · 2026-01
labour market1 field
GDP per capita
$288,002
World Bank Open Data · 2024-01

The differentiator

What an EOR handles in Monaco

An EOR removes the entity and the payroll machinery. It does not remove your obligations as the people manager.

obligationeor coverswhat that means for you
Legal employer of record● fullThe EOR's local entity is the employer on paper. No entity setup required.
Payroll, tax & social security● fullGross-to-net, statutory withholding and employer contributions remitted locally. Employer social security here is 23.5%.
Compliant local contract● fullDrafted to local labour law and language requirements. Here statutory notice is 7.2 weeks and the wage floor is EUR 12/mo.
Statutory leave & public holidays● fullAccrual, tracking and payment run through the local payroll the EOR operates. 12 public holidays.
Statutory severance on exit● partialThe EOR computes and processes it, but the cost is billed to you (often pre-funded).
Termination decision & risk● partialThe EOR runs the legal process; the business reason, timing and exposure stay yours.
Work permits / visas (foreigners)● partialSome providers sponsor, many don't. Confirm per provider in the table below.
Performance management● noneDay-to-day direction, reviews and PIPs are entirely on your side.
Equity / ESOP administration● noneCross-border equity handling sits outside standard EOR scope.

Provider × country

Who can employ in Monaco

16 providers operate an EOR in Monaco, ranked by Select Score.

providerfrom / moselect score
Multiplier logoMultiplierSELECT PICKfrom $45981
RemoFirst logoRemoFirstfrom $19979
Payoneer Workforce Management logoPayoneer Workforce Managementfrom $19978
Remote logoRemotefrom $69977
Remote People logoRemote Peoplefrom $19975
Globalization Partners logoGlobalization PartnersQuote74
Rivermate logoRivermatefrom $31974
Deel logoDeelfrom $59974
Show all 16 providers ↓
Lano logoLanofrom $49965
Asanify logoAsanifyQuote65
Teamed logoTeamedfrom $59963
Aspirock logoAspirockQuote59
16 providers operate an EOR in Monaco, ranked by Select Score. Price is each provider’s lowest published EOR rate (global, not country-specific).
See the ranked best EOR in Monaco →
Scored by the EOR Select rating systemSee the methodology →Built and maintained by Robbin SchuchmannUpdated 2026-07-04

Comparing EOR options for Monaco?

Run a side-by-side on the providers that actually operate there.

Open the matrix→