Monaco is officially known as the Principality of Monaco (Principal of Monaco), with three sides bordering France, the other side bordering the Mediterranean Sea.
Monaco is the second smallest country in the world by area, after recent sea encroachments, only 2.05 km², and has a population of 30,581 (2016) – one of the countries with the highest population density. In the world. But Monaco is one of the countries with the highest nominal GDP in the world, averaging 115,700 USD/person/year (2015 data). Monaco has the lowest unemployment rate and Monaco residents have an average life expectancy of 90 – the highest in the world. After many years as a protectorate of Spain, then France, in 1861 Monaco was independent. The country joined the United Nations in 1993 and still maintains a general tariff agreement with France, defense is still managed by France. Today, Monaco’s economy develops in two main directions: tourism and casinos – two industries (founded in 1862) bringing huge profits – contributing 25% of Monaco’s GDP. In Monaco all items are tax free, people do not have to pay personal income tax, so this is a country with a very large entry rate, people come here to save income tax and inheritance tax. . Monaco has a temperate climate, cool all year round and is the ideal choice of many tourists around the world, especially for those who like yachts, love speed races and big gamblers addicted to red and black. … Despite being a small country, Monaco is the country with the most “best” things in the world such as beautiful casinos, the number of millionaires and the rate of supercars. Casino Monte Carlo is known as the most beautiful in the world, often chosen to film blockbusters such as “Spy 007” or “Casino Royal”. However, the casino is a place only for guests, Monaco citizens are not allowed to gamble, even banned from setting foot in. But this is enough for Monaco to make a big profit, because this is a country visited by many millionaires in the top richest people on the planet. What makes Monaco famous is its wealth, where tourists often joke, finding a Toyota is more difficult than million-dollar supercars like Bugatti or Ferrari. Coming to Monaco, car enthusiasts can easily come across all kinds of famous cars, the most expensive, the rarest or the most exclusive cars… worth millions of dollars on the street. Famously attractive and prosperous not only with casinos, Monaco was once known as the kingdom of races and beautiful beaches. In 1929 Monaco first hosted a Formula 1 race – F1. Then, since the modern F1 era began in 1950, the Monaco Grand Prix is one of the oldest tournaments besides the Italian GP and British GP. Don’t miss the chance to “smell the burning rubber” and witness events only on the track – where a large number of visitors gather, although the entrance ticket is also among the most expensive in the world, around 2,750 USD/person. Monaco is a paradise for the elite as well as the super-rich who seek a regal life and legal tax evasion, so Monaco is also the most expensive city in Europe. The Palace of the Prince of Monaco has luxurious Renaissance and Baroque architecture built in 1191 – where there is a courtyard made of 3,000,000 pebbles, shaped into a geometric pattern and is the residence of the Monks. Monarch of Monaco, known as Fort Genoese. Larvotto Beach is a beautiful beach for family trips because of its quietness. Port de Fontvieille Marina is a playground for the rich and famous, with enough space for about 275 ships of different sizes. Every year, hundreds of multi-million dollar superyachts converge in Monaco to participate in exhibitions and exchanges. Monaco not only attracts tourists by its beautiful scenery, perfect travel services, beautiful houses located close to each other, crowded entertainment areas…, but also by the wealth and sophistication of the people. here.
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