Monaco has been a sovereign state for more than seven centuries, a member of the UN since 1993 and of the Council of Europe since 2004.
Monaco is an international financial centre with nearly a hundred banks and financial companies present.
Monaco benefits from a strategic geographic location, favourable taxation and an exceptional quality of life.
Commercial, industrial and professional activities may be carried out on an independent basis, under the conditions set out in Law N° 1.144 of 26 July 1991.
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