Frequently asked questions about Monaco on the web

As I browse through various articles on the web about Monaco, I enjoy reading people’s comments that are often interesting. Due to the fact that Monaco itself is still quite an intriguing place for an ordinary gray man, frequently asked questions about Monaco are quite intriguing. Probably the cleanest question that arises is whether Monaco is part of France , but that’s not all, so today I decided to collect the most intriguing questions from the network and answer them.

Is Monaco part of France or Italy?

No, Monaco, officially the Principality of Monaco, is a sovereign principality located on the Mediterranean Sea near the Cote d’Azur (French Riviera). The city of Nice in France is 15 km west of Monaco and the Italian border is 8 km east of Monaco.

What continent is Monaco located on?

Monaco is located on the European continent, although it is not in Europe itself.

Why is Monaco so rich?

The principality abolished the income tax in 1869, and other tax rates for businesses and individuals are extremely low. The prospect of keeping most of their wealth attracted people from over 100 countries. In addition to tax benefits, the rich also like Monaco for its lifestyle.

Is Monaco safe?

If safety is your top priority, Monaco might be the perfect place to visit. The security of this tiny principality is ensured by an armed police force of 515 men and women, which gives it a reputation for being the  safest place in Europe.

What is the main religion in Monaco?

Catholicism  is the official state religion, however, every religion is accepted in the Principality and religious freedom is protected by Monaco law. Monaco is ruled as a constitutional hereditary monarchy.

Can you drink in public in Monaco?

Yes, it is perfectly legal to drink in the streets of Monaco.

Who is the most famous person from Monaco?

How many millionaires live in Monaco?

There is a reason why Monaco is famous as a playground for millionaires, with  over 12,000 millionaires  in less than one square mile. That’s over a third of Monaco’s population.

Can I live in Monaco?

Anyone who is  at least 16 years of age  and wishes to live in Monaco for more than three months a year or to live in the Principality must submit an application for a residence permit to the Monaco authorities. The Monaco Permanent Residence Card („Carte de Sejour”) allows applicants to reside in Monaco for an indefinite period.

Who of the stars lives / has lived in Monaco?

  • David Coulthard
  • Nico Rosberg
  • Bono
  • Sir Roger Moore
  • Grace Kelly
  • Lewis Hamilton 
  • Karolina Woźniacki
  • Charles Leclerc
  • Max Verstappen
  • Borys Becker
  • Novak Djokovic
  • Dame Shirley Bassey
  • Ringo Starr

Where is Monaco getting its money from?

The economy of Monaco  is based on tourism and banking . Monaco is a popular resort, attracting tourists with its casino and pleasant climate. The principality was successfully diversifying towards services and small industries with high added value, non-polluting the environment.

What language is spoken in Monaco?

In French, which is the official language of Monaco. However, there is also an ancestral language in Monaco – Monegasque.

How rich do you have to be to live in Monaco?

Some banks may require higher deposits to start the relationship, but for residence purposes,  EUR 500,000  is the minimum amount required to hold a bank in Monaco.

What makes Monaco unique?

Monaco is a famous playground for the rich and famous, despite being the second smallest nation in the world (after the Vatican). Covering just 200 hectares, this historic principality offers great casinos, designer shopping malls, plentiful bars and clubs, and an artificial beach that attracts celebrities and vacationers all year round.

What food is Monaco famous for?

Barbagiuan  is Monaco’s national dish, a deep-fried dough that is usually filled with beetroot, spinach, ricotta cheese or pumpkin. It is traditionally served as an appetizer in both Monaco and parts of Northern Italy.

How many casinos are in Monaco?

There are  four casinos in Monaco  – Casino de Monte Carlo, Casino Café de Paris, Sun Casino and Monte-Carlo Bay Casino – all operated by the same company: Société des Bains de Mer (SBM).

What drinks are popular in Monaco?

Champagne  has the status of the national drink in Monaco. A single glass can cost up to 40 euros in a trendy restaurant!

What attracts people to Monaco?

The combination  of pleasant weather all year round, political stability  and a calendar filled with major events such as the Grand Prix, Monaco is particularly attractive. Monaco is also easily accessible from Nice Airport, a short hop across the border in France.

What is Monaco famous in the world?

Monaco is famous for its  activity in the field of marine science . Its Oceanographic Museum, previously managed by Jacques-Yves Cousteau, is one of the most renowned institutions of its kind in the world. Monaco imports and exports products and services from all over the world.

Why are Monaco citizens denied access to the casino?

Permitting their own citizens to gamble would run counter to its purpose of bringing money into the country, so citizens are prohibited from gambling in the casino and has banned them. 

Photo of Lazar Guglet from Unsplash

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