Hire Employees & Contractors


Compliantly hire your distributed team members in


Person working on laptop

Hiring in


isn't so simple. Borderless can help.

To hire new employees in


, your business must have a local legal entity or an Employer of Record like Borderless in place already. Then there’s the management of local employment compliance, taxes, benefits, payroll, and more. Hiring contractors poses similar challenges.

Borderless handles all of that for you, so you can focus on getting to work with your new team member in


while staying fully compliant with local laws and compliance.

Primary Language



Euro (€, EUR)

Payroll Frequency


Public Holidays

12 days

Employer Taxes

24 - 30% (depends on salary)

Cost of Living Index


Statutory Leave

30 days

Sick Leave

0 days

Maternity Leave

16 - 26 weeks

Important: Risks of misclassification

In many countries like


, the treatment of employees and contractors is different. If you misclassify a new team member, you could be subjected to penalties and fines. Let Borderless get this right for you, so you don’t have to worry.

Payment Information

Minimum Wage

The minimum wage in Monaco is €11.27 (about USD 12.20) per hour or €1,904.63  (about USD 2,061) per month. Salaries for skilled professionals can differ significantly according to skills and experience.

Overtime Pay

Employees should be paid 125% of their standard wage rate for the first eight hours and 150% of their standard wage rate for any subsequent hours of overtime after that.

Additional Pay

There is no additional pay in Monaco. Instead, employers pay into social contributions.

Payroll Cycle

For all Borderless customers, all employee payments will be made in equal monthly installments on or before the last working day of each calendar month, payable in arrears.

Employer Costs & Taxes

  • 15%: Sickness and Family allocations
  • 8%: Basic State Pensions
  • 4%: Unemployment Insurance

Employee Costs & Taxes

  • 6.55%: Basic State Pensions
  • 2.4%: Unemployment Insurance

Employment Information

Termination Process

An employer can dismiss an employee on the basis of a valid cause. This may depend on collective bargaining agreements. Employees must be notified in writing. Causes may include: 

  • Misconduct
  • Professional insufficiency
  • Disability certified by the occupational physician
  • Long sick leave (i.e. 6 months)
  • Economic difficulties

Notice period

Notice period depends on collective bargaining agreements. However, the maximum notice period is two months.

Probation Period

Legally, a probationary period is limited to three months. Typically, a probationary period lasts for a month. 

Severance Details

Severance is payable unless the dismissal is for gross misconduct. The amount payable is primarily determined by the collective bargaining agreement but must not be less than the minimum legal dismissal compensation in France. Since September 27, 2017, the compensation is set at 25% of the monthly gross salary for up to ten years of seniority, and one-third of the monthly salary for seniority beyond ten years.

In addition, compensation is provided for unused accrued paid holidays and for the notice period if the employer chooses to release the employee from fulfilling it.

Benefits of working in a country abroad

Borderless Benefits Packages in


When the world is your competition, it pays to incentivize new hires and existing alike. Borderless benefits packages typically include:

Medical Insurance
Dental Insurance
Vision Insurance
Life Insurance
Retirement Contributions

Learn how to hire quickly and easily in


Book your demo of Borderless to help you hire, pay, and take care of new employees and contractors in 170+ countries.

Book a demo