description Monaco Overview
Monaco is a principality on the French Riviera and one of the smallest countries in the world, ruled by the Grimaldi family since the 13th century. The Monte Carlo Casino, opened in 1863, exemplifies its Belle Époque architecture, and Port Hercules berths large yachts. The Monaco Grand Prix, first run in 1929, is held on the principality's streets as part of the Formula One calendar. Monaco levies no personal income tax on residents apart from French nationals, a policy that has long attracted wealthy residents.
help Monaco FAQ
What kind of country is Monaco?
Monaco is a sovereign principality on the French Riviera and one of the world's smallest countries. The Grimaldi family has ruled the principality since the 13th century.
When did the Monte Carlo Casino open?
The Monte Carlo Casino opened in 1863 under Prince Charles III. Its Belle Époque architecture helped turn Monaco into an international resort and gambling destination. [Monte Carlo Casino](https://en.wikipedia.org/wiki/Monte_Carlo_Casino)
Is Monte Carlo a separate country from Monaco?
No, Monte Carlo is an area within the Principality of Monaco, not an independent country. It is best known for the casino, luxury hotels, and its place on the Monaco Grand Prix street circuit. [Monte Carlo](https://en.wikipedia.org/wiki/Monte_Carlo)
What is Port Hercules in Monaco?
Port Hercules is Monaco's main deep-water harbour and a major mooring point for large yachts. It sits below Monaco's urban districts and is also used during events connected with the Monaco Grand Prix.
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