Why is Monaco considered a country?

Why is it a country? Because, like Luxembourg and Liechtenstein, it is a relic of Medieval Europe that more powerful neighbors allowed to survive. read more

Monaco is a sovereign nation with a head of state and a constitution. It has an independent foreign policy, and a small military. Size-wise, if you would like a comparison to justify Monaco’s existence as a country, Monaco falls into the category of small city-states like Vatican City and Singapore, and island nations in Micronesia. read more

The Principality of Monaco, located on the French Riviera in Western Europe, is considered a high-profile tax haven because of its personal and business taxation laws and policies, which are relatively lax in comparison to most nations'. read more

Monaco has never levied income tax on individuals, and foreigners are thus able to use it as a"tax haven" from their own country's taxes, because as an independent country, Monaco is not obligated to pay taxes to other countries. read more