The Principality of Monaco, located in southern Europe, on the coast of the Ligurian Sea near the French Cote d'Azur, borders on France. It is one of the smallest and most densely populated countries in the world. It is not a member of the EU and NATO, but uses the euro as its official currency.
The form of government is a constitutional monarchy, where the power of the monarch is limited by the constitution, but his voice plays a decisive role in decision-making. The head of state is the prince. The area of the country is 2.02 km². Capital of Monaco.
Climate. Monaco has a subtropical Mediterranean climate with warm, dry summers and mild, rainy winters.
Number. The estimated population as of September 2022 was 39,976.
Language. The only official language is French. In addition, Italian, English and Monegasque (the language of the indigenous population) are also spoken in the country. To preserve the language, it was introduced in schools, and street signs are also duplicated in this language.
A city-state associated with respectable life, snow-white yachts, Formula 1, Monte Carlo casinos and absolute tranquility.
The economic development of the country began with the opening of a casino in Monte Carlo in 1865. Today, the state additionally receives income from tourism and a reliable banking structure, which is based on the strictest system of banking secrecy. All this makes the country attractive to very wealthy people, thereby raising its reputation even higher.
There is absolutely no crime and the lowest unemployment, no external debt, but there are high foreign exchange reserves.
Indigenous people are a privileged caste. They are exempt from taxes and have the right to settle in the area of the old city. The indigenous people have been able to preserve their traditions and their dialect throughout the centuries. They are proud of their history and their country. Their cultural identity is reflected in many local festivals and is part of the Principality's worldwide fame.
Citizenship by investment is not given here, and, in principle, the citizenship of this state is not an easy task. But if you are rich, then Monaco will become a paradise for you. Paradise where you want to live.
