I am an entrepreneur, trader or self-employed
I am an entrepreneur, trader or self-employedLast update: 29/04/2020
To support you during these unusual times and ensure the stability of our economy, the Prince’s Government has introduced immediate support measures to help affected businesses, regardless of their size.
Businesses in Monaco that are encountering proven financial difficulties may request a review of their situation with a view to staggering tax payments (corporate tax and/or VAT only). The businesses concerned nonetheless have a responsibility to comply with their reporting obligations by the legal deadlines. For more information on this measure: How-to-declare-and-pay-VAT
Yes. Employers and self-employed workers in the Principality who are experiencing a significant drop in business as a result of the coronavirus epidemic and are unable to make the next payments due may submit a request to the Monaco Social Security Funds Collection Office, describing the nature of the difficulties encountered and full contact details, including the registration number of the self-employed worker and/or company.
Please note that employers must, in all cases, continue to complete the usual declarations. This measure covers Social Services Compensation Fund (CCSS), Independent Pensions Fund (CAR) and unemployment insurance contributions, as well as Sickness, Accident and Maternity Insurance for the Self-Employed (CAMTI) and Independent Pensions Fund for the Self-Employed (CARTI) contributions.
Reviews are carried out on a case-by-case basis. A response will be sent by email as soon as possible.
More information on www.en.caisses-sociales.mc
The Welcome Office's Covid19 Business Unit remains open to businesses in difficulty due to the global crisis. For any request, write to [email protected]
Businesses operated from a state-owned apartment
With regard to those authorised to run a business from home, the associated fees will be lifted. A letter will be sent to those concerned to inform them that there will be no charge from 1 January 2020. Those who have already paid will be reimbursed as soon as possible.
State-owned commercial premises
Traders who are forced to close will automatically be exempted from rent and charges for the second quarter of 2020. Those affected will not need to complete any formalities, and will be notified by a letter from the State Property Authority. Rent and charges for March 2020 will be reimbursed to the retailers concerned
For any further information, you can send an email to [email protected] or call 98 98 44 66.
State-owned office and industrial premises
Consideration is currently being given to measures to support businesses affected by the crisis who experience a significant drop in revenue. Details and procedures will be published on this website soon.