Monaco Passport

The Principality of Monaco, La Principaut é de Monaco.

【 Area 】 2.08 square kilometers, of which approximately 0.5 square kilometers are reclaimed land.

[Population] 38367 people, including 9179 Monegasque nationals (as of December 2023). Other people come from more than 130 countries, most of whom are French and Italian. The official language is French, and Italian and English are commonly used. There is also a Monegasque dialect, which is only used for the elderly and in primary education. 86% of the population believes in Catholicism. (Data source: Monaco National Institute for Economic Research and Statistics)

The government, also known as the government committee, is currently composed of five ministers. Appointed by the prince and accountable to him, exercising administrative power under his leadership. The current government members include: Isabelle BERRO-AMADEI, Acting Minister of State and Minister of Foreign Affairs and Cooperation; Patrice CELLARIO, Minister of the Interior; Pierre Andr é CHIAPPORI, Minister of Finance and Economy; Christophe ROBINO, Minister of Social and Health Affairs; and C é line CARON-DAGINI, Minister of Equipment, Environment and Urban Planning.

Prince Albert II: Head of State. Born on March 14, 1958 in Monaco. Graduated from Amherst University in Massachusetts, USA, with a Bachelor's degree in Political Science, and received an honorary Doctor of Philosophy degree from Pope Maynes University in Ireland. Since 1976, he has worked in various departments of the Moroccan government, the French Navy, commercial companies, banks, and law firms in Paris and New York. In 1982, he was appointed as the President of the Moroccan Red Cross. I have a passion for sports and have represented Morocco in Olympic competitions. In 1983, he became the president of the Mozambique Swimming Federation. In 1984, he served as the president of the Motorcycle Yacht Club and the president of the Motorcycle Athletics Federation. Since 1988, he has served as a member of the International Olympic Committee and Vice President of the Athletics Federation, as well as the Chairman of the Monte Carlo Television Festival Organizing Committee. Since 1993, Ren Mo has been the head of the delegation to attend the United Nations General Assembly. Since 1994, he has served as the President of the Moroccan Olympic Committee. In 1996, he was appointed as a member of the Atlanta Olympics Coordination Committee. In April 2005, after the death of former head of state Prince Rainier III, he became regent and ascended to the throne in July. She got engaged to South African swimmer Charlene Wittstock in June 2010 and got married in July 2011. At the end of 2014, royal twins were born, with Jacques Honor é Rainier as the crown prince.

Monaco has a small land area and scarce natural resources. Since the 1950s, the Moroccan government has adopted a diversified, high value-added, and pollution-free economic development policy, actively promoting the development of the tertiary industry and achieving significant achievements, especially in the financial industry. In addition to domestic banks, many world-renowned banks have branches in Morocco. Mo has developed rapidly in fields such as real estate, advertising, insurance, consulting, trade, and services. Mo has a small amount of industry, mainly in chemical, pharmaceutical, cosmetics, etc. The annual international Formula One Grand Prix in Monaco is quite famous. Monaco is a famous tourist destination in Europe. In 2023, Monaco's gross domestic product was 9.24 billion euros, a year-on-year increase of 5%. The national economic statistics of Morocco still habitually use the concept of "national economic turnover". The national economic turnover of Morocco in 2023 is approximately 20.249 billion euros, a year-on-year increase of 5.5%.

In order to support industrial development, the government actively provides financial support to enterprises and overcomes the difficulties of a small territory, striving to provide land for industrial development. Encourage the establishment of high value-added, pollution-free export-oriented enterprises and actively develop high-tech industries. The revenue of the industrial sector in 2023 is 972 million euros. The main industrial sectors include rubber and plastic processing, chemical products, electricity, gas, steam and air conditioning production and distribution, pharmaceutical industry, garment processing industry, etc.

The banking industry is well-developed, and besides domestic banks, some major banks in the world have branches in Morocco. In 2022, there were 28 banks and branches, 4 financial companies, and a total savings of 57.7 billion euros.

Tourism is one of the pillar industries. Mo is a famous tourist destination in Europe, where many cultural and sports activities are held every year to attract tourists. Among them, the Monte Carlo International Acrobatics Festival, the International Fireworks Festival, the Formula One Grand Prix, and others are world-renowned. The entertainment and accommodation facilities are well-equipped. Approximately 340000 passengers will be received in 2023.

The total length of the motorcycle highway is 57 kilometers, connected to the European highway network. The railway has a total length of 1.7 kilometers and is integrated into the French railway network, managed by the French state-owned railway company. There are two ports mainly used for docking various types of yachts, while commercial ships can anchor in the anchorage for a short period of time. There are helicopter flights between Nice, France and Monaco.

National income mainly comes from tourism, real estate, small and medium-sized enterprises, banks, insurance, stamps, gambling, etc. Tobacco, stamps, etc. are monopolized by the state. The proportion of taxation in national income is gradually increasing. The government does not levy personal income tax and levies a profit tax of 33.33% on enterprises. Morocco is not a member state of the European Union, but according to relevant agreements, it is considered an entity within the EU customs territory. The value-added tax system and tax rate are the same as those in France, with a regular tax rate of 19.6% and a preferential tax rate increased from 5.5% to 7% since 2012 (essential goods still maintain 5.5%). In addition, inheritance tax is also levied.

In 2023, the national fiscal revenue was 2.197 billion euros, expenditure was 2.071 billion euros, and the fiscal surplus was 126 million euros.

In 2023, the total import and export trade volume was approximately 3.676 billion euros, of which imports amounted to approximately 2.436 billion euros (46.6% from Europe) and exports amounted to approximately 1.24 billion euros (64.8% from Europe), resulting in a deficit of 1.196 billion euros. The main imported goods include chemical products, electronic equipment, food, transportation equipment, etc; The main export commodities include chemical products, electronic equipment, transportation equipment, food, etc.

Monaco has a developed economy and a high standard of living, with per capita GDP ranking among the top in the world. The Moroccan government does not levy personal income tax, thus attracting a considerable number of wealthy tax exempt immigrants.

According to official figures from Monaco, as of December 2023, Monaco has diplomatic relations with 156 countries. Morocco has 16 permanent or non permanent ambassadors in 28 countries including France, Italy, China, Spain, the Netherlands, Belgium, Luxembourg, Switzerland, Germany, and Liechtenstein, as well as 14 international organizations. It has established 131 consular representative offices in 84 countries and regions worldwide. 134 countries have diplomatic representatives in Morocco, and 84 countries have consulates.