The memory of a trip to Monaco (part 1)
In travel plans, a visit to the state of Monaco was not made in advance. But, since these places were nearby, we decided to visit as many attractions in the…

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Sardinian protectorate
An agreement between Monaco and Sardinian King Victor Emmanuel I was signed at Stupinigi on November 8, 1817. It was much less favorable for the principality than the treaty with…

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The most famous mile in the world
The Principality of Monaco is just 1.95 km2 and it is without a doubt the most famous square mile on the planet. Situated on the shores of the Mediterranean Sea,…

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system

About the tax-free system and the construction boom

For the first time, the principality seriously thought about the possibility of a financial catastrophe in the twenties, when the decline of the gaming industry sharply reduced the income of the dwarf state.

Jules Richard – as it turned out, a connoisseur of the local economy – willingly undertook to talk about how the principality managed to get out of a difficult situation.

We sat at the table of a small cafe on the promenade of Monte Carlo. My interlocutor sipped a beer from a tall glass and began like this:

– The prescription drug was found in a law containing two articles: the first one said that Monegasques living in France are subject to the tax system of France, not Monaco; the second article said that the French living in Monaco are subject to the laws of taxation of the principality and do not pay taxes to France. Continue reading

Rolls-Royce Land (part 3)
They collected everything from painting to nautical charts, from historical archives to skeletons of extinct animals. Prince Rainier III is a passionate lover of antique cars: his collection of more…

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Monte Carlo Country Club
In April 1892, Prince Charles III adopted the project for the construction of earthen tennis courts proposed by Count Bertor. Arriving in the principality in 1863, accompanied by Francois Blanc,…

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Monaco - a celebration of life
Luxury hotels and casinos, comfortable beaches and yacht clubs, contrasts of antiquity and modernity, as well as European ideas about beautiful life have turned this place into an endless celebration…

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Principality before the Second World War
The principality, which was reduced in size and deprived of resources, was in an extremely difficult financial and economic situation. Raising taxes further was impossible. Back in the 1850s, the…

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