Diano Marina – Nice – Monaco – San Remo (Part 3)
The third stop was Monaco, a small but well known country located along the French Riviera. It is one of six microstates in Europe (the other five are Andorra, Liechtenstein, Malta, San Marino and Vatican City).
It is the world’s most densely populated country with a population of just 32′410 and an area of 1.96 square kilometers (second place is Macau and third Hong Kong). It is also a tax haven because there is no income tax for individuals.
Monte Carlo is the wealthiest of Monaco’s areas and probably the best known for it’s casino. The permanent population is about 3000.
Monaco is one of the most expensive places on earth but despite of this fact we enjoyed a Banana Split in front of the casino (it was about 12 Euros).
To gain residency in Monaco you need to live there for six months a year and you also need a bank certificate from one of Monaco’s banks showing a deposit of 400′000 Euros.
Property costs are now higher than in London. A studio for one person and no special view is about one million euros. The square meter is about 27000 Euros (based on abcnews)!








