Top 10 Interesting Facts about Monaco City

Monaco Ville. Author Kajikawa. WIKIMEDIA

Top 10 Interesting Facts about Monaco City

Monaco City is one of the four traditional quarters of Monaco. It has 19.64 hectares of surface and is located between the districts of Fontvieille and La Condamine.

Monaco city holds most of the country’s political and judicial institutions. Some of these institutions are; the Prince’s Palace, the town hall, the government, the National Council (parliament of Monaco), the Municipal Council, the courts and a prison.

Monaco’s tiny territory occupies a set of densely clustered hills. Moreover, a headland that looks southward over the Mediterranean.

The city has many unusual features. The features have made Monaco city among the most luxurious tourist resorts in the world. Moreover, given it, fame far exceeds its size.

Many visitors to Monaco alternate their hours between its beaches and boating facilities. its international sports-car races. Moreover, its world-famous Place du Casino, the gambling centre in the Monte-Carlo section

Monaco city is a gastronomic destination. It boasts some of the world’s finest restaurants. Le Louis XV – Alain Ducasse at L’Hotel de Paris Monaco is considered one of the best restaurants in the world. Inspired by the French Riviera, diners enjoy a unique gastronomic experience in the restaurant’s elegant Belle Epoque dining room.

Let’s learn more about the Top 10 Interesting Facts about Monaco City

1. The City was Originally Called in Greek Monoikos

Monaco city was called Monoikos after the temple of Hercules Monoikos. The temple was located in a Phocean colony in the 6th century BCE.

However, Monoikos changed hands numerous times during its history. Some of the city walls and original structures remain. It became Monaco city in the Middle ages.

2. The City’s economy has grown from Tourism

Monaco City. Author bogdan1971.WIKIMEDIA

Monaco city is famous for its casinos. Visitors flock from around the world to play at the elegant establishments.

Tourism generates about 25 per cent of revenues. Furthermore, the city prides itself on its hospitability and excellent cuisine. The wonderful Mediterranean climate attracts visitors from all over the world to enjoy the beautiful coast.

3. The City’s Culture has Strong Influences from Neighbors and the Royal Family

The culture of the city has been influenced by neighbourhoods such as France, Italy and Spain. The French make up the largest population in the city, 28 per cent.

The Monegasque population makes up approximately 21 per cent of the population. Thus, the French influence on the city’s culture is huge.

Additionally, the royal family has played an important role in promoting culture and the arts. The city has an amazing array of world-class galleries and music performances throughout the year. Interestingly, many are supported by the ruling Grimaldi Family.

Furthermore, the family has set up many foundations and charities to promote various arts. These include; The Princess Grace Foundation. It supports Princess Grace Dance Academy. The Prince Pierre Foundation (promoting culture and arts). Moreover, Prince Albert II of Monaco Foundation (protecting the environment).

4. Monaco City is one of the Safest Countries in the world

Monaco City. Author bogdan1971.WIKIMEDIA

Monaco City is referred to as one most city that has high security in the world. The city has a 24- hour video surveillance system that covers the entire town.

Additionally, the city has a relatively large armed national police force compared to its size. The country has an area of only 2 square km and a population of approximately 38,000.

The city has one of the largest police forces in the world. This is in terms of both per-area and per-capita basis. More than 515 police officers cater to the needs of this small population.

5. It Hosts One of the World’s Most Prestigious Automobile Races

Monaco city is well established for Automobile Races. It is one of the world’s most famous motor car races. The city serves as the venue of the Monaco Grand Prix. This is a Formula One Motor race.

The race is held each year on the Circuit de Monaco. The first Monaco Grand Prix was held in 1929.

6. A Tax-free city and Hub of the Super Rich

Monaco City. Author Rustam Abdrakhimov. WIKIMEDIA

Monaco city has a population of millionaires in Europe. The principality’s tax-free status and no income tax have attracted many rich residents. Similarly, there is no corporation tax for businesses in Monaco.

 The banking industry and money management generate 16 per cent of revenues. Moreover, it plays an important part in the economy.

The city is also well established for the extremely high standard of living of the residents. All these factors attract the super-rich and investors to the city from all corners of the world.

7. Rated as One of the Most Expensive City

In terms of real estate prices, Monaco city is rated as one of the most expensive. A 15-square-meter luxury property can be bought for USD 1 million. Amazingly, The price per square meter for buying a property is about $53,226

8. Citizens can not Gamble within the City

Monaco’s monarchy recognizes the ill effects of commercial gambling. Thus, it does not allow its citizens to gamble within the city.

Although Monaco city is one of the world’s premier destinations for gambling and is home to the Monte Carlo Casino. The country’s citizens are not allowed inside the casino.

9. The City has No Airport

Monaco City is one of the few countries in the world that does not have an airport. The city is served by the nearby Nice Cote d’Azur International Airport and the Fontvieille heliport. The airport provides regular transfers.

10. The City is Home to the World’s Most Luxurious Superyachts

Monaco city. Author bogdan1971.WIKIMEDIA

Monaco city is considered the epicentre of yachting and is home to some of the world’s most luxurious superyachts moored in iconic Port Hercules. Monaco’s only deep-water port is also home to the annual Monaco Yacht Show, considered the world’s most prestigious yacht show.