Monaco, a sovereign city-state on the French Riviera, is famed for its opulent lifestyle, high-end events, and as a playground for the rich and famous. Its economy is driven by tourism, luxury services, and banking. While not a tech hub in the traditional sense, Monaco is increasingly interested in digital innovation and sustainable development within its luxury and service sectors.
Living in Monaco offers unparalleled luxury and safety but comes with one of the highest costs of living in the world. It's known for its tax benefits, which attract businesses and individuals alike. The state offers a unique blend of urban sophistication and strict environmental standards.
Monaco has unique residency requirements and its process for obtaining work or residency permits involves proving financial self-sufficiency. While it's closely linked with France, Monaco has its own policies. For detailed information on visas and residency, it's best to consult Monaco's official government resources.