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by Zsolt Szemerszky

Zsolt Szemerszky

Economic Recovery Plan: Free Occupation of the Public Highway for Terraces of Shops and Restaurants

Economic Recovery Plan: Free Occupation of the Public Highway for Terraces of Shops and Restaurants

Aware of the persistent difficulties experienced by the Principality’s economic players and taking the international health context and the length of the crisis into account, the Prince’s Government, in consultation with the National Council and Monaco City Hall, has decided to grant free Occupation of the Public Highway (OVP) for the terraces of restaurants and shops concerned, for the period of January to September 2021 inclusive.

In practical terms, the City Hall will grant a 50% discount on the OVP, and the State, through the Economic Recovery Support Commission (CARE), will cover the remaining 50%. Establishments will benefit from this aid without the need for action on their part and will be kept informed by the Municipal Departments.

Through this new measure, the Prince’s Government and Monaco City Hall are increasing the support provided to local economic players and the joint efforts made in the context of the economic recovery.

Terrasses Restaurants
Terrasses Restaurants – ©Direction de la Communication / Michael Alesi

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Interested in Relocation or Business formation in Monaco?

Zsolt Szemerszky is an independent Monaco Advocate & Revenue Specialist with 10 years experience in the Principality of Monaco. As an author of multiple books on Monaco, Zsolt is guiding new residents through the relocation process. He also helps businesses to navigate on Monaco's "water" and to create revenue productive strategies in order to capitalise their highest potentials.

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