97 Monaco Facts: How Big It Is, Why It's Independent And More

Monaco has five quarters and ten wards.

Those ten wards include Monaco Ville, Monte Carlo, Saint Roman, Saint Michel, Bas Moulins, La Condamine, La Colle, Les Revoires, Moneghetti, Frontvieille and Monaco city. Monaco is often viewed as somewhat of a billionaire's playground in the world.

Monaco is the smallest country after the Vatican City which occupies first place. Compared to its small size of o.78 sq mi (2.02 sq km), this place accommodates 12,261 millionaires. Monaco's population has seen a 12% rise. French became the official language. The National Council became the legislative body of Monaco.

Monaco is the most populated place in comparison to its size; it is the richest among all and is known for its popular Monte Carlo casinos, expensive real estate, gambling tables, and low crime rates. Having Monte Carlo as an administrative capital, Monaco is dependent on France for its country’s defense.

It is surprising to know that the government prohibits gambling for native dwellers. Monaco is ranked as the second smallest country in the world. The country’s population is less in number but wealthy enough.

Amongst the industries of Monaco, breweries, chocolate factories, and flour mills are dominant and were established in the 20th century. In Monaco, Monegasques have a life expectancy of 89.5 years and the country has almost a zero unemployment rate. The crime rate is pretty low making it a safe place to visit.

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Events, Festivals, And Shows

Monaco is famous for its international events and has been since the time of Louis II, who was Prince of Monaco. Even Hollywood is intrigued by this place.

Prince Reiner initiated the International Circus Festival in 1974. His dream was a circus show that left an impression all over the world. This event usually happens in January and participants showcase various performances. The winning group is titled the gold and silver clown.

In March the Rose Ball, a fundraising event, established in commemoration of Grace Kelly in 1954, takes place. Salle des Etoiles gets decorated with roses for this event every year.

Being dominant in the creative world, world-class artists come over to Monaco for the Spring Arts Festival in April.

If you are a race car enthusiast, you do not want to miss Monaco Grand Prix in May.

Every summer, Prince Rainer III accommodates concerts in his palace where the Monte Carlo Philharmonic Orchestra performs.

In July, pyrotechnics execute a firework festival from Fort Antoine attended by many from around the world. In September, the Monaco Yacht event is the major event happening in Port Hercules. In November, the Monaco International Marathon running circuit is organized spanning France, Italy, and Monaco with 1000-2000 candidates.

Charity And Foundations

Monaco, the tiny nation, has some significant charities sponsored by wealthy entrepreneurs.

Monaco Red Cross is headed by Prince Albert and other board members. They are very responsive during fires, floods, attacks, disaster prevention, and emergency circumstances. They provide financial and emotional support and try to mitigate poverty.

AMADE-Monaco is a non-governmental group for the well-being and rights of children. They provide financial aid to other NGOs and accommodate events that try to enlighten adults. For children's healthcare, they founded SMILEYS.

AMA usually tries to uphold culture, and engage with teenagers to help them navigate the social reality around the world.

The Prince Albert II of Monaco Foundation is a fundraising group, focusing on initiatives on safeguarding the environmental biodiversity, children foundation, and managing tourist attractions.

Wings for Earth is a prominent presence with a focus on coping with environmental problems such as global warming and climate change in Monaco.

The Association 'Child CARE Monaco', founded by Martine Ackermann, focuses on facilitating education for underprivileged children beyond social compromises and ethnicity. The Caudwell Children Charity Monaco was introduced by John Caudwell, focusing on making lives better for disabled children.

Association Oasis Monaco is a management group that tries to cope with environmental changes and they have a role in educating people about environmental conservation.

Finance And Business

Monaco, the city-state, has achieved the title of being a tax haven.

Tourism and commerce in Monaco have become the medium of income for the government. In their taxation, they seek zero income tax and the very least business tax for both native and non-native companies.

They have a bilateral and reciprocal consensus with France but if three-quarters of your revenue was not from Monaco, then you may have to pay 33% tax. This especially includes French citizens. Some portion of the GDP comes from value-added tax, comprising 20%.

Along with tourism, transport, plastics, leather items, textiles, paper processing, ceramic, clothing, and watches help to buck up the economy. Monaco has significant import and export business structures and trade houses, where Syndicat Monegasque des Etablissements de Nice International is dominant.

The country has some of the most appealing real estate and is an investing location with banking stability. Monaco procured their financial relations through custom conventions.

Relations With Other Countries

Signing the treaty of friendship, administrative co-operation agreement, and the establishment of diplomatic relations has strengthened ties between France and Monaco politically. The Grimaldi family has ties with French nationals dating way back to the 13th century.

Monaco has bilateral ties with Europe. Being the second smallest state, Monaco also shares a diplomatic loop in international co-operations with the United States. Monaco even casts their footprints in the European Union market. The consulate was replaced with diplomatic interactions between the United States and Monaco, which developed in 2006.

In 1874, with the rising era of tourism, the United States assigned Emile de Loth as consular representative. Monaco hosted several American soldiers during the First World War.

Between the United States and Monaco, they created a Treaty of Extradition in 1939, an agreement on passport visas in 1952, and an agreement on tax information exchange in 2009, where Neal S. Wolin and H.E. Franck Biancheri were involved.

They maintained relations through signing treaties such as the Franco Monegasque Treaty signed in 1918, the Reception of Monegasque Prince in 1913, and lastly the marriage of Princess Grace Kelly with Prince Rainier III in 1956.

Traffic And Transportation

Monaco, the city-state, is operated by bus, boat bus, carpooling, and train but you may be quite amazed to know that Monaco does not have any airports but it does have small heliports.

Buses are operational between 7:00 am-09:30 pm and there are six routes: first-line concludes Monaco Ville to Monte Carlo to Saint Roman, the second line is from Monaco Ville to Monte Carlo to Exotic Garden, the third line concludes Hector Otto to Fontvieille, the fourth line includes Saint Roman to railway station to Place d’Armes, the fifth line includes Hospital to Larvotto, and the sixth line includes Larvotto beaches to Sporting to Fontvieille.

Night buses are operational between 09:20 p.m.-12:20 a.m. (on Fridays and Saturdays they stay running until 04:00 am.)

The boat bus runs between Quai des Etats-Unis and the cruise terminal from 08:00 a.m.-07:50 p.m. Trains are operational from Gare de Monaco on Ste-Devote. Carpooling is more ergonomically and economically sufficient for employees in Monaco. There are taxis and public elevators to facilitate transportation even more in Monaco.

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