BusinessLast update: 12/11/2020
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 Committee for Assistance to Businesses in difficulty (COMED), will be reactivated in a new form to deliver the best possible response to the economic difficulties faced by Monegasque companies impacted by the COVID-19 crisis.
Information and submission procedures will be available soon on Public Services for Businesses website, following the introduction of other emergency measures.
For any further information, you can contact the COVID-19 Businesses unit by email : email@example.com
No. To support traders, Monaco City Hall is making traders who rent municipal premises exempt from paying their rent or other fees for the month of March and until the end of the crisis.
Yes, support measures such as total temporary layoff (CTTR) and reduced social security contributions are still in place.
To learn more about the measures for companies, see: service-public-entreprises.gouv.mc/Covid19/
As a result of the social distancing measures introduced by the Prince’s Government to manage the health crisis, Monaco City Hall has decided to allow restaurants to extend their terraces for free.
This applies to all requests authorised by the Commune Property – Shops, Covered Market Halls and Outdoor Markets Department in agreement with the Council of the Commune, and only until the Government lifts the health measures.
The Prince’s Government has made changes to support measures in light of the resumption of activities. Measures will focus on gradual, sector-based adjustments to the strengthened provisions for total temporary layoff, coverage of social security contributions for the sectors hardest hit by the health crisis, transitional support and assistance provided via the Guarantee Fund.
Changes have been made to the strengthened provisions for total temporary layoff (CTTR) since they were introduced in March 2020.
It has been announced that the provisions will be extended to 31 March 2021. From 1 November 2020 therefore, in all sectors that have been heavily impacted by the crisis (events, culture, recreation, sport, travel agencies, hotels, restaurants, local shops, transport, nightclubs, etc.), no supporting documentation will be required. In sectors which have experienced an indirect hit, such as wholesale trade, printing or consultancy and management firms, applicants will need to prove that their revenue has fallen by at least 30%.
More information on: How-to-declare-Total-Temporary-Layoff
Partial exemption from employers’ contributions
The Prince’s Government intends to go further in supporting sectors that have been particularly hard hit by the crisis: tourism, the events industry, culture, sport and some shops, potentially covering up to 620 businesses.
This measure partially exempts companies that have experienced a severe and lasting impact as a result of the COVID-19 crisis from their obligation to pay employers’ CAR (retirement) and CCSS (social security) contributions for the months from October to December 2020.
It is important to note that this measure has been opened up to new economic sectors. An updated list is available on the webpage. It is also now available to businesses with revenue of less than €5 million in 2019, rather than €1 million.
More information on How-to-apply-for-Partial-Exemption-from-Employers-Contributions
Economic Recovery Support Commission (CARE)
Companies which received assistance from the Economic Recovery Support Commission (CARE) this summer, in sectors where business has experienced a severe and lasting hit as a result of the current economic crisis, can apply for this assistance to be renewed for the final quarter of 2020, provided certain criteria are met. The recipients concerned have received an email with further details
More information on Commission-d-Accompagnement-pour-la-Relance-economique-C.A.R.E
Home working (Flexible teleworking)
Home working allows businesses and employees to introduce a more flexible approach to organising work at employees’ homes. This is designed to enable business continuity while meeting any constraints resulting from the health crisis (including the need to comply with social distancing, protecting vulnerable people or school closures).
Home working is open to all employers and employees in the Principality, on condition that the employee’s home is in Monaco, France or Italy.
This approach to working will remain an option until the end of 2020.
More information on How-to-declare-home-working
YES, shops are open in the Principality. Masks must be worn.
No, on-site bar, snack, drinking establishments, breakfast service, ice cream parlor and tea or coffee shop activities are prohibited with the exception of hotel bars which may remain open until 'at 10 p.m. for customers staying on site.
However, restaurant customers may benefit from the establishment's bar activities at their table during lunch or dinner.
The State is funding strengthened provisions for total temporary layoff at a rate of 100%.
The reopening of nightclubs is not on the agenda at the moment.
The Monte-Carlo Casinos open at 12 p.m. and have special authorisation to open until 10 p.m. Please note that guests will be invited to leave the Casinos at 9.30 pm.
The Prince’s Government has decided that until the 1st of December, several new measures are to be introduced for restaurants:
- Closing time for restaurants is set at 9.30 pm
- Before 11 am, between 3 pm and 7 pm and 9.30 pm, only seated restaurant service (lunch/dinner) is permitted (whatever the establishment), with or without the serving of drinks
- Serving drinks without food is not permitted
- Before 11 am, between 3 pm and 7 pm and after 9.30 pm, it is forbidden to serve food and drink on the premises
- Service must be undertaken during the authorised time slots and only at the table by the restaurant staff (taking orders, serving and payment)
- Takeaway sales are permitted, provided that customers adhere strictly to the curfew times
- Deliveries are permitted between 6 am and 9.30 pm
- Bar activities in hotels are authorized until 10 pm for their customers only
- The breakfast service in hotels is authorized for their customers only
Health measures and distancing:
- An advance booking is required for evening service in restaurants
- Tables are limited to 6 people (maximum), and there must be a distance of 50cm between people and 1,5 m or a physical separator (Plexiglas) between tables
- No more than two people can sit at round tables known as "bistro" tables
- Restaurant bench seating is permitted, provided that diners can eat at a table of standard height and there is a minimum distance of 50 centimetres between each customer
- The consumption of food or drink at high bar tables (with or without seats), sofas and other lounge-type couches, as well as low tables, are prohibited
- Staff need to wear masks, but this will not apply to customers
- Menus must be available digitally on smartphones
- Individual condiments must be provided for each table to limit physical contact
- Background music is not permitted
- Valet services will be permitted provided that contact surfaces are disinfected every time
- For the lunch service, a marked organization of the queues must be put in place if they are not avoidable, the wearing of mask is mandatory in the queues
In addition to measures aimed at businesses, the Prince's Government has created the Red and White Funds, which aim to support traders' economic recovery by encouraging as many residents and commuters as possible to make purchases in Monaco.
You can thus note:
- The possibility of giving gift vouchers to be used exclusively in the Principality's shops and restaurants
- Free use of Monaco public car parks with a purchase
- Introduction of vouchers for travel around the Principality and to/from Nice-Airport with Taxis de Monaco
- Restaurant vouchers
- Aid to associations, particularly sports and cultural associations, which are suffering a significant financial impact as a result of the health crisis