Monaco is located in western Europe, bordering the Mediterranean Sea, in southern
France near the border with Italy.
31,278 (July, 1994 estimate)
French (official), English, Italian, Monegasque
Monaco's government is a constitutional monarchy.
Monaco's legal system is based on French law. It has not accepted compulsory ICJ
Monaco is served by cable into the French communications system. It has no
communication satellite earth stations.
Monaco, situated on the French Mediterranean coast, is a popular resort, attracting
tourists to its casino and pleasant climate. The Principality has successfully sought to
diversify into services and small, high-value-added, nonpolluting industries. The state
has no income tax and low business taxes and thrives as a tax haven both for individuals
who have established residence and for foreign companies that have set up businesses
and offices. About 50% of Monaco's annual revenue comes from value-added taxes on
hotels, banks and the industrial sector. About 25% of revenue comes from tourism.
Living standards are high, roughly comparable to those in prosperous French
Monaco's main industries are tourism and financial services.
1 French franc (F) = 100 centimes
French francs (F) per US$1 - 5.9205 (January, 1994)
Hotels And Resorts In Monaco
Monaco Home Page
To the Offshore World home page.