About Monaco

Monaco, located on the French Mediterranean coast, is the second-smallest independent state in the world (after Vatican City). Monaco's economic development was stimulated in the late 19th century with a railroad connection to France and the opening of a casino. Since then, the pleasant climate, the gambling facilities, the tax-free income and the glamorous lifestyle have made Monaco world famous as a tourist and recreation center.

For more than a century now, the aristocracy, royalty and the wealthy have discovered the pleasures of this city. The Principality of Monaco has successfully sought to diversify into services and small, high-value-added, non-polluting industries. The state has no income tax and low business taxes and is a tax heaven both for individuals who have established residence and for foreign companies that have set up businesses and offices. The state retains monopolies in a number of sectors, including tobacco, the telephone network and the postal service. Living standards are high, roughly comparable to those in prosperous French metropolitan areas.

With the Mediterranean climate and splendid scenery, the famous Monte Carlo Casino, and world-class art and cultural performances, Monaco will always be one of the most attractive travel and vacation destinations in the world.

Monaco News

CleanEquity Monaco 2010 - Awards

London, Mar 8, 2010 - - CleanEquity Monaco 2010, Innovator Capital's cleantech conference for business leaders, closed Friday 5th March with an award ceremony.

Oscar Losers Can Take Comfort in African Safaris, Crystal-Studded Cat Collars

PR firm Distinctive Assets is a philanthropic organization dedicated to comforting the world's most bereft and deeply afflicted: Millionaire Oscar nominees who lose.

The $85,000 Oscar Consolation Prize

Mar 5th 2010 at 8:06AM Some Oscar nominees who don't walk away with the coveted trophy will still get a lovely consolation prize in the form of a gift basket valued at $85,000. Distinctive Assets has created the 'Everybody Wins at the Oscars' nominee gift baskets for the candidates for best actor, best actress, best supporting actor, best ...

48 Hours In: Monaco

Click here for the 48 Hours in... Monaco map Travel essentials Why go now? This tiny principality small enough to fit inside Hyde Park offers a taste of the high life.

Foreign Policy: Saving The Sushi Menu

Fishmongers check large tunas for their first trade of the new year at Tokyo's Tsukiji fish market on December 5, 2010.