Legalities in Monaco
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Legalities in Monaco
Business isn't as easy in some countries as it is here in the UK. You need to be aware of the cultural and legal implications of your business operations, because, in some places, you could face heavy punishment for transgressing. For instance, relocating a bikini shop to Saudi Arabia isn't the most astute business move.
It is therefore important to acclimatise yourself with the law. There will be many legalities that you will have to adhere to, and you may even find that some laws you are familiar with here in the UK are no longer applicable. Likewise, you may find some new laws which strike you as strange or even oppressive.
Some of the areas to investigate are:
The body of laws, administrative rulings, and precedents which oversees the legal rights of, and restrictions on, employees and their organisations in Monaco. This will include things such as minimum wage, holiday and maternity entitlement, ergonomics, trade unions, disability, etc.
The body of laws which oversee business and commercial activity in Monaco. It may encompass such areas as principal and agent; freight and shipping; guarantee; marine, fire, life and accident insurance; bills of exchange and partnership; contracts; food and health regulations; safety laws; privacy rights; copyrights; trademarks; etc.
Civil / Common Law
The body of law that oversees sociality in Monaco. It is invariably culture specific. It is important to familiarise yourself with these laws, especially as you will be adopting a new environment and culture.
Organisations that can assist with Legalities
Legal help setting up or expanding you company overseas. Company structure, company law,property law