[custom_adv] One of the reasons the 1% are attracted to be Monaco could be its identity as a popular banking destination and a known tax haven — it has no income tax. [custom_adv] Locals enjoy mild weather year-round in Monaco, which has an average temperature of 75 degrees in July and 50 degrees in January. [custom_adv] The official language of Monaco is French, but English is also widely spoken, especially in restaurants, bars, and hotels. [custom_adv] Monaco's location, close to France and Italy, is a draw for wealthy residents more than other offshore tax havens, Yolande Barnes, a director at real estate consultancy Savills World Research, told CNN Money. "People don't want to feel exiled," she said. "It's the right location for a significant number of the world's wealthy." [custom_adv] Luxury cars are a common sight in Monaco, with the sounds of drivers loudly revving their engines often heard around town. [custom_adv] Luxury cars are a common sight in Monaco, with the sounds of drivers loudly revving their engines often heard around town. [custom_adv] The rest of the city, however, is not entirely so picturesque. Many of the views are dominated by high-rise hotels and apartment blocks. [custom_adv] U2 singer Bono is also a common sight in Monaco. Monaco is known for being one of the safest areas in the world, with a 24-hour video surveillance system that covers the entire town. It also has one of the largest police forces per capita, according to Money magazine. [custom_adv] At the heart of Monaco's gambling district, Monte Carlo, is the world-famous Monte Carlo casino, where high-rollers and VIPs go to gamble. [custom_adv] Monaco is known for its yachts, gambling, and lavish wealth. Each year, celebrities and billionaires come from all over the world to see the latest luxury yachting innovations at the Monaco Yacht Show. [custom_adv] Residents have access to a ritzy nightlife scene in Monaco, which is home to one of the French Riviera's most popular night clubs: Jimmy'z , where Leonardo DiCaprio and Lionel Richie have both been spotted. [custom_adv] In the main gaming room, Salle Europe, you can find Blackjack, Texas hold-em poker, and English and European roulette. The slot machines can be found in the Salle Renaissance and Salle Amérique, while the other two rooms are open to the general public for gambling. And don't think you'll get in wearing a t-shirt and jeans; jackets and ties are strongly recommended for men in the evening. [custom_adv] About 38,300 people live in the compact city-state. [custom_adv] Residents have access to a ritzy nightlife scene in Monaco, which is home to one of the French Riviera's most popular night clubs: Jimmy'z , where Leonardo DiCaprio and Lionel Richie have both been spotted. [custom_adv] Open-air markets are open every day of the week, year-round. [custom_adv] The people of Monaco can shop at one of the 80 stores found in the luxurious Metropole Shopping Center ... ... or hit the streets to find luxury boutiques that include Hermès, Chanel, and Cartier [custom_adv] At the heart of Monaco's gambling district, Monte Carlo, is the world-famous Monte Carlo casino, where high-rollers and VIPs go to gamble. [custom_adv] Monaco has one of the most expensive real estate markets in the world. The average property price was $5.2 million in 2017. [custom_adv] Monaco has one of the most expensive real estate markets in the world. The average property price was $5.2 million in 2017. [custom_adv] Residents are usually in close proximity to royalty. The Monaco royal family lives at the Prince's Palace, a fortified palace that began as a fortress in 1191. [custom_adv] The royal family includes Prince Albert II, Princess Charlene, and their twins, Prince Jacques and Princess Gabriella of Monaco.
news boxnewsbox
