Monaco virtual phone numbers

Monaco has specific regulations for telemarketing that businesses must adhere to:

• Telemarketers must obtain opt-in consent from individuals before making any marketing calls, and provide a clear option to opt out of future calls (Source: DLA Piper Data Protection)
• Monaco follows the General Data Protection Regulation (GDPR) for data protection, which includes rules on obtaining consent for processing personal data for marketing purposes (Source: European Commission)
• There are no specific local telemarketing laws in Monaco, but businesses must comply with the GDPR and other European Union regulations (Source: Monaco Government)

These regulations highlight the need for businesses to obtain proper consent and respect individuals' rights to opt out of marketing communications in Monaco.

Monaco's economy continues to thrive in 2024, driven by a diverse range of industries that contribute to its overall growth and stability.

• Tourism: Accounting for around 15% of Monaco's GDP, the tourism sector remains a significant contributor to the local economy. Luxury hotels, restaurants, and prestigious events like the Monaco Grand Prix attract visitors and generate substantial revenue.
• Real Estate: Monaco maintains its status as the world's most expensive prime property market. New developments, such as Mareterra and Bay House Monaco, are adding to the residential market, meeting the high demand for luxury properties and contributing to economic growth.
• Financial Sector: Monaco’s economy benefits greatly from its strong financial sector, which includes banks and financial institutions that serve affluent residents and bolster economic stability.

According to the Quarterly Economic Report Q1 2024, Monaco's major economic indicators remain strong, ensuring the Principality's economy continues to flourish in 2024.