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by Zsolt Szemerszky

Zsolt Szemerszky

The Principality of Monaco

The Principality of Monaco

The Principality of Monaco is the second smallest country in the World right after the Vatican City, yet an astonishing 44% of its residents are millionaires.

Living in this small but highly significant country at the heart of Europe is considered more than prestige.

The Principality of Monaco is an exceptional place to colourise your life if you are sick of the usual black and white. It is a land just under the rainbow of the coast of the Mediterranean sea where people usually come to live their dreams even if it is just for a day. However if you allow yourself this dream then it is able to provide you much more. It can be your true reality as well as offering an exceptional life quality for you and your loved ones.

Monaco offers a combination of unique advantages in a very integrated way which makes the Principality a special place in Europe. The size of the Principality of Monaco and its Monégasque territory is approximately 2 km². Yes, it is smaller than an average district in a bigger city in other countries. Even if it is a tiny pearl with its small location it offers ultra-high secured safety, profitable fiscal system, political and economic stability, as well as an exceptional weather condition during the whole year.

Fact: In this sun filled and luxurious environment which is one of the wealthiest countries in the World, the life expectancy is 89.5 years which is the higher than any other country in the World.

The Principality is not just stress free, but due to its location between south of France and Italy, it offers a true Mediterranean atmosphere with mild winters and summers offering almost 300 sunny days during the year with an annual average temperature of 16,6 °C.

In the eye of the World the Principality of Monaco has always represented the elegance and luxury rooting back hundreds of years. Monaco also has an important international presence since it takes part in multiple international events. Once you relocate in Monaco you can experience that almost every week there is a new and exciting event so you can always find something for your taste. In between the events you can observe also the enormous efforts that Monaco makes with its various commitments in an international level.What makes Monaco exciting are the advantages it offers to its residents even if the Principality is strongly influenced by its relationship with France.

Monaco and France have always worked hand in hand throughout the history and often France provided protection for the population of this tiny country. This French-Monégasque relationship was also built on very strategic pillars. Due to its location between the borders of Italy and France Monaco always played an important strategic role.

However we have to emphasise that the Principality of Monaco is not a French county or a French territory. There are many differences between the two cultures even if they share some of the social backgrounds and the economic aspects. Monaco’s low local population has been always isolated by the sea and the surrounding mountains. Its natural boundaries created for the Principality a great isolation protecting Monaco from the external influences.

Monaco never intended to merge peoples’ cultural diversity, it just creates a platform to unite diverse interests of its residents coming from almost 140 nations. It is also reflected in the fact that the Principality is exceptionally rich in its cultural life holding more than 700, often world class events every year, offering a very diversified program for each members of a family.

Since 1993, the Principality of Monaco is a member of the United Nations, which has also helped it to develop and build up mutually beneficial links with key international organisations.

Monaco is also part of the European Monetary Zone, called Eurozone. However Monaco is not a member of the European Union.

Probably this independent environment, vibrant and multi-cultural community has attracted many foreigners from over hundreds of nations.

The Principality also has a very specific real-estate market marking Monaco as a number one real-estate investment territory in Europe. It also provides great business and investment conditions.

The new district, Portier Cove (Anse du Portier) will house up to 1,000 new residents in super luxurious apartments. This new two billion Euro project will be fully finished by 2026 and will be done at no costs for Monaco since it is entirely financed by the private sector.

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