Monaco /ˈmɒnəkoʊ/, officially the Principality of Monaco (French: Principauté de Monaco; Monégasque: Principatu de Múnegu; Italian: Principato di Monaco; Occitan: Principat de Mónegue), is a small sovereign city-state located in South Western Europe. Monaco is the name of the country as well as the name of its capital city. The territory lies on the northern central coast of the Mediterranean Sea, has a land border on three sides only with France, and is about 16 km (9.9 mi) away from Italy. Monaco is often regarded as a tax haven, and many of its inhabitants are wealthy and from foreign countries, making up a majority of the population, at around 84%. —[WP]

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