What is Monaco famous for?

Monaco is famously the playground of the rich and famous, despite being the world's 2nd-smallest nation. Spanning just 200 hectares, this historic principality features grand casinos, designer malls, opulent bars and clubs, and a human-made beach, attracting celebrities and vacationers year-round.



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In Monaco, you need to make $12 million to be in the top 1%.

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One in three people who live in Monaco are millionaires There are 12,261 millionaires per square mile in Monaco. At $186,080 it also has the highest GDP per capita in the world, second only to Luxembourg.

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In order to become a resident, applicants must rent or purchase a property here, and deposit and maintain at least 500,000 euros into a bank registered in Monaco.

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The Monaco permanent residency card (Carte de Sejour) allow applicants to live in Monaco indefinitely. Permanent residency is granted on the basis of demonstrating proof of accommodation and proof of financial self-sufficiency.

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Anyone who is at least 16 years of age and wishes to reside in Monaco for more than three months in a year, or set up home in the Principality, must apply for a residence permit from the Monégasque authorities.

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