Monaco: Country and Foreign Investment
This page was last updated on 24 January 2020.
The principality of Monaco is a nation state on the French Riviera near the Italian border, some 690 km (428 miles) south-east of Paris. With an area of less than 2 km2, it is the second smallest country in the world, after the Vatican City.
The land is hilly and rocky with a highest point of 140 m (460 ft) above sea level. The capital is Monaco City (also known in English in its French form, Monaco-Ville). The principality contains three other wards, the most famous of which is Monte Carlo.
The climate is mild with more than 300 days of sunshine a year; the average temperature and 25ºC in July and 8ºC in January.
Monaco (like France) is on GMT plus one hour and observes daylight saving time. Nice Airport is 22 km (14 miles) away and can be reached by car in 30 minutes or by special helicopter link in 6 minutes. From Nice there are regular direct flights to major European, North American and Asian cities. The SNCF Monaco-Monte Carlo railway station is a stop for many trains covering international routes. Link roads to the A8 motorway connect the principality to the whole European transport system.