Monaco - Principality

Monaco is a small, sovereign city-state located on the French Riviera in Western Europe. Known for its luxurious lifestyle, Monaco is famous for its casinos, yacht-filled harbor, and the annual Formula 1 Grand Prix. The principality has a rich history and is ruled by the Grimaldi family. Despite its small size, Monaco has a high population density and is one of the wealthiest places in the world, with a thriving tourism sector and no income tax. Its stunning Mediterranean scenery and status as a tax haven attract many affluent residents and visitors.