Working in South Africa for a corporation in Monaco

By Mark 13 April 2022

Can I live in South Africa and work remotely for a company in Monaco?

Yes, it is possible, however we usually recommend double-checking the following points:

  1. If the company is registered in Monaco, it must be based in Monaco.
  2. The company must be registered in South Africa.
  3. The company must have a registered address in South Africa.
  4. The company must have a registered address in Monaco.
  5. The company must be registered with the South African Revenue Service (SARS).
  6. The company must be registered with the Monaco Revenue Service (MRS).
  7. The company must be registered with the South African Financial Intelligence Centre (SAFIC).
  8. The company must be registered with the Monaco Financial Intelligence Centre (MFIC).
  9. The company must be registered with the South African National Credit Regulator (SARNCR).
  10. The company must be registered with the Monaco National Credit Regulator (MNCR).

How to find remote work in Monaco while living in South Africa?

Usually, it is feasible to get remote jobs in Monaco even though you are located in South Africa. For that we have compiled a list of all the remote work opportunities in Monaco.

A large number of remote jobs are available in Monaco and this number is growing all the time. The best way to find remote jobs in Monaco is to start with our list of remote work opportunities in Monaco.
But even if you are living in South Africa, it is not that hard to find remote work in Monaco. You can apply for remote jobs in Monaco even though you are living in South Africa.
So, if you are in South Africa and you are looking for remote jobs in Monaco, then read this post to find the best remote work opportunities in Monaco.
Remote jobs in Monaco:
Remote Jobs in Monaco
There are many remote jobs in Monaco. The list of remote jobs in Monaco is not limited to remote jobs in Monaco.
Here are some of the best remote work opportunities in Monaco.
Project Manager – Remote Jobs in Monaco

How to get paid in South Africa when working remotely for a corporation in Monaco?

You can get paid in South Africa even if you are working for a company in Monaco, however you will have to use a Monaco bank account.

The company you work for in Monaco will be your employer and they will pay you through the Monaco bank account.
You will be paid in Monaco but the money will be deposited in your South African bank account.

How to get paid in Monaco when working remotely for a corporation in South Africa?
The process of getting paid in Monaco when working remotely for a corporation in South Africa is the same as if you were working in South Africa.
You will need to register with the South African Revenue Service (SARS) and they will send you a W-9 form to fill out.
You will need to complete the W-9 form and send it to the company you work for in Monaco.
You will also need to complete the W-8BEN form and send it to SARS.
You will also need to complete the W-8 form and send it to SARS.
Once SARS has received the W-9 and W-8BEN forms they will send you a certificate of registration.
Once you have received the certificate of registration you will need to complete the W-8 form and send it to SARS.
SARS will then send you a certificate of registration.
You will then need to complete the W-8 form and send it to SARS.

How do taxes work in South Africa if I’m working remotely for a company South Africa?

When working remotely in South Africa for a firm based in Monaco, taxes might be tricky, therefore you need to be aware of the rules.

When working remotely in South Africa for a firm based in Monaco, taxes might be tricky, therefore you need to be aware of the rules.
The following is a summary of the tax rules for South African working remotely for a company based in Monaco.
South African tax rules for working remotely
There are a few important points to note when working remotely in South Africa for a company based in Monaco.

  1. In South Africa, all remuneration is taxable.
  2. If the South African employer is registered for VAT purposes, then the remuneration is taxable at the rate of VAT.
  3. If the South African employer is not registered for VAT purposes, then the remuneration is taxable at the rate of the relevant tax rate.
  4. If the South African employee is registered for VAT purposes, then the remuneration is taxable at the rate of VAT.
  5. If the South African employee is not registered for VAT purposes, then the remuneration is taxable at the rate of the relevant tax rate.