Monaco: Where the living is tax-free

Monaco has long been the residence of choice for the rich and famous.

12th March, 2005

Monaco has long been the residence of choice for the rich and famous. The principality was established as an independent sovereign state in 1297, has been ruled by the house of Grimaldi since 1419 and is a full member of the United Nations.

French is the official language, but Italian and English are also widely spoken.

Monaco has its own legal system based largely on the French civil code, there is a customs and monetary union with...

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