Principality of Monaco

The Principality of Monaco is a small sovereign city-state on the French Riviera, bordered by France and the Mediterranean Sea. It is a constitutional monarchy with Prince Albert II as its head of state. Monaco is known for its wealth, luxurious lifestyle, and as a global gambling and tourism hub, especially through the Monte Carlo casino. Despite its modest size, it has its own government, legal system, and international relations. The principality is also famous for its low taxes and high standard of living, attracting residents and visitors worldwide.