Working in Monaco for a corporation in Portugal

By Mark 13 May 2022

Can I work remotely in Monaco for a company in Portugal?

Yes it’s perfectly possible, but we advise first to check the following points:

  1. The company in Portugal is a subsidiary of a company in Monaco
  2. The company in Portugal has a subsidiary in Monaco
  3. The company in Portugal is registered in Portugal
  4. The company in Portugal is registered in Monaco
  5. The company in Portugal has a registered office in Monaco
  6. The company in Portugal has a registered office in Portugal

How can I find a remote job in Portugal while living in Monaco?

When things work out well, it’s possible to find remote jobs in Portugal even if you are located in Monaco, for that we will have to go to the remote job market.

The remote job market is a huge market where companies and individuals can find remote jobs in Portugal.

How can I get paid in Monaco when working remotely for a company in Portugal?

It is possible to get paid in Monaco while working for a company in Portugal but you must meet the following requirements:

The company you work for must have a registered office in Monaco.
The company must be registered in Monaco.
The company must have a bank account in Monaco.
The company must have a tax number in Monaco.
The company must be registered with the French Ministry of Finance.
The company must have a business license in Monaco.
The company must have a registered office in Monaco.

Will I pay taxes in Monaco or Portugal when working remotely in Monaco?

Taxes can be complicated when working remotely in Monaco for a corporation in Portugal, so we’ve put together this guide to help you understand your options.

In this guide, we’ll look at the tax rates and rules in Monaco, as well as the tax rates and rules in Portugal.
Tax Rates in Monaco
The tax rates in Monaco are as follows:
Corporation tax rate: 30%
Personal tax rate: 30%
Social security tax rate: 7%
Tax rates in Monaco are slightly higher than those in Portugal, with the rate of corporation tax being 30% and the rate of social security tax being 7%.
Tax Rates in Portugal
The tax rates in Portugal are as follows:
Corporation tax rate: 25%
Tax rates in Portugal are slightly lower than those in Monaco, with the rate of corporation tax being 25% and the rate of social security tax being 7%.
Tax Rates in Monaco and Portugal
In Monaco, the tax rates for corporations and individuals are the same, with the tax rate being 30%.
In Portugal, the tax rates for corporations and individuals are the same, with the tax rate being 25%.
Tax Rates for Monaco and Portugal