Monaco is a country that lies in the south west of Europe. It has a three-side land border with only France and it is very near to Italy, just sixteen kilometers away from Italy. There are about thirty-three thousand people living in Monaco. This nation is a French speaking nation and it is considered to be the smallest French-speaking nation on earth. It will take about an hour for a person to walk from one width of the country to another. Most of the people living here are quite well off and they are also from other countries.

The country of Monaco does not levy any income tax on its people and it is because of this that it has attracted the attention of the rich Europeans. Most of the rich people living here are rich businessmen but it also has many celebrities staying on its land. Tourism is one of the main sources of income in Monaco. The pleasant climate as well as the casinos in the country attracts the attention of travelers from all over the world. At present, Monaco has different industries such as biothermics, cosmetics, etc. The Grand Prix (Formula One Racing) is held in Monaco every year.