Monaco is a miniature Principality surrounded by 3/4 of the territory of the French Republic. Only in one place, Monaco borders Italy and only 8 km separates the borders of the countries. Also on one side, Monaco is washed by the Mediterranean Sea. The size of the state is only 2 km², which makes it the second largest among the dwarf states after the Vatican. It takes about an hour to walk around the Principality.
For a long time this country has been called a haven and a paradise for billionaires, it has created the most loyal tax climate for business. In addition to excellent conditions, the Principality impresses with an abundance of beautiful places, luxurious gardens, and historically significant locations. The official language in Monaco is French. The Principality is famous all over the world for casinos, races, and plenty of bohemians.
For a long time, the elite resort has been chosen by world stars of cinema, sports, and music. Directors have not neglected the picturesque area. It was here that such movies as "The Good Thief", "Casino Royale" and others were filmed.
You can talk about the miniature country endlessly, but let's get acquainted with it closer. The specialists of the migration agency GARANT.IN have prepared TOP-5 amazing facts about Monaco, which will reveal this state from an unusual side.
Monaco is open to everyone, it is not only a "paradise" place for the elite
The Principality is firmly associated with wealth and a bohemian lifestyle thanks to its luxurious casino, high-end and expensive boutique hotels, and a variety of gourmet restaurants. Monaco is visited and loved by ordinary budget travelers, contrary to the stereotype that this place is unaffordable.
Did you know that many local establishments are freely accessible and entry is free? Due to the miniaturization of the country, going from one tourist spot to another can be done on foot or by public transportation for a reasonable fee. Tourists who want to save their budget can stay in nearby towns rather than in Monaco itself. There is a wide range of hotels, hostels, and inexpensive apartments available for guests. It is possible to visit and walk in Monaco for a little money if only you had the desire!
Monaco has the highest concentration of the richest people in the world
Officially, the Principality has about 37,000 inhabitants and about 30% of them are millionaires and billionaires. It is fair to consider Monaco as the place with the highest density of wealthy people. Statistics show that in the Principality every 39th inhabitant has an impressive fortune.
Logically, Monaco attracts the world's richest people. It has the ideal hothouse conditions: incredible landscapes, proximity to the Mediterranean Sea, a loyal tax climate, a high level of medicine, economy, and security. Experts have calculated that the total assets of all the wealthy residents of Monaco are tentatively estimated in the amount exceeding 25 billion euros.
The Principality of Monaco is a true oasis of security
One of the advantages of living in a dwarf state is the high level of protection from crime. This is especially important for people with untold wealth. Statistics from the State Security Service show that Monaco is one of the most secure countries in the world. There is only one police officer per 73 residences.
Between 2019 and 2022 alone, it is indicated that the overall crime rate has decreased by 9% and street crime by 34%! The Principality itself does not yet have a reliable security system, the protection of the state is entrusted to the French authorities. To maintain order and the necessary level of security on the territory there is relentless patrolling, round-the-clock surveillance, and armed guards. Security standards in Monaco are incredibly high and the best French police officers are employed to ensure order. Many of them undergo additional training before starting work in the Principality. Even fines for the slightest breach of law and order are among the strictest in the world.
Excellent healthcare system
Another area in which Monaco is justifiably proud is its excellent healthcare system. An abundance of high-tech medical facilities, including the IM2S Institute of Sports Medicine, the Cardiothoracic Center, and the Princess Grace Hospital, are renowned throughout the world. The independent statistical organization The World Factbook cites data according to which the average life expectancy in Monaco is 89 years! For comparison, in neighboring France, this indicator does not exceed 82 years.
But it is not only physical health and prevention that is given close attention. In the Principality, a special focus is placed on protecting the interests and well-being of local citizens. Native Monegasques have the right to purchase public housing at a reduced cost and are always prioritized for employment. Children of citizens are entitled to a place in kindergarten, but children of foreign residents can be admitted only if there are places available. Citizens have access to free medical care. Foreign residents who do not reside and are not employed in the Principality have access only to emergency medical care. Such comprehensive care of the state for its citizens creates a sense of security, peace of mind, and a positive mood in society.
Ban on gambling in the Principality
Despite the presence and operation of casinos in the state, local authorities prohibit their citizens from visiting them and gambling in general. According to the government - it is a harmful habit that can negatively affect the economic and psychological state of citizens. Only non-residents and tourists have free access to the casino and the opportunity to gamble.
It is possible to tell amazing facts about Monaco endlessly. For example, did you know that the unemployment rate in the Principality is 0%? Yes, all its citizens are employed! But, of course, it is better to see for yourself the beauty of this miniature state once and get to know its special mood personally. How to do it? The best option is to apply for a Monaco residence permit. A Schengen or French national visa is also suitable for visiting the Principality. To obtain a permit, contact the specialists of the licensed agency GARANT.IN. We will select the basis, and help with the collection, execution, and submission of documents. With us, you will bring your chances of obtaining the desired permit to almost 100%.
