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Monaco

Monaco is unabashedly opulent, a modern expression of feudal days when European power was concentrated into influential city states ruled by royal families. Squeezed into two square kilometers between the French and Italian Rivieras, this is the second-smallest country in the world, the Vatican being the smallest. But more than anything, Monaco is a playground and tax-free haven for wealthy and connected people from around the world. In fact, more than 100 nationalities are represented among the 33,000 people that live here.

The Monte Carlo Grand Casino is the central attraction and reason locals don't have to pay taxes. Its roulette tables, private rooms and glamorous cabaret attract some the world's biggest celebrities. Hotels in Monaco are palatial and luxurious, though there are a few mid-range options on the fringes of this micro-country.

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Monaco Monaco
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