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.
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