Monaco Travel Guide – Playground of the Rich & Famous
Welcome to Monaco, the world’s second smallest state!
Before coming to Monaco, there are a few things you should know. Don’t underestimate its potential just because of its size. This small country, located on French Riviera is incredibly rich! They have the world’s highest per capita income and Human Development Index above 1.
According to data from 2014, almost 30% of the population of Monaco is a millionaire, similar to Zurich or Geneva. It’s no surprise that so many rich people live here since Monaco is considered to be a high-profile tax haven because of its personal and business tax laws and policies, which are relatively lax in comparison to the rest of the world!
A fact that might surprise you is that Monaco is governed under a form of constitutional monarchy, with Prince Albert II being the head of the state. So, it is basically a kingdom that can definitely offer you a happily ever after.