Monte Carlo, Principauté de Monaco

With an area of 2.02 km2, it is the second-smallest sovereign state in the world, after Vatican City. Its 19,009 inhabitants /km2 make it the most densely-populated sovereign state in the world. Monaco has a land border of 5.47 km and the world's shortest coastline of approximately 3.83 km.
The House of Grimaldi has ruled Monaco, with brief interruptions, since 1297. The state's sovereignty was officially recognised by the Franco-Monégasque Treaty of 1861, with Monaco becoming a full United Nations voting member in 1993. Despite Monaco's independence and separate foreign policy, its defense is the responsibility of France.
Monaco is famous as a tax haven: the principality has no personal income tax (except for French citizens) and low business taxes. Over 30% of the residents are millionaires, with real estate prices reaching €100,000 per square meter in 2018.Weiterlesen