Immigrated to Monaco to avoid taxes.

Monaco's high prices are mainly due to its resort and tax haven. Monaco is located in Europe, in the south of France. The whole territory is surrounded by France on three sides except the south. It is a rare "China of China". Monaco is a capitalist country, which has developed very well and its citizens are very rich. It has the highest per capita GDP in the world.

According to statistics, the per capita GDP of Monaco is as high as166,000 euros, or129,000 yuan, which means that every citizen of this country is a millionaire or even a billionaire. But in fact, Monaco has a population of only 38,000, but it is still overcrowded. In order to build houses, people here use their space to the extreme: digging on the hillside, building basements, and even preparing to reclaim land from the sea. Therefore, the housing prices here are also ridiculously high, about 500 thousand, ranking first in the world.

In such a small European country, there are so many rich people, most of whom immigrated from abroad. The reason why we can attract rich people from other places to settle here is mainly because the gambling industry and tourism industry here are very developed and it is a tourist attraction. And the most important thing is that this country does not need to pay income tax. Here, you can see rich and powerful celebrities enjoying holidays on yachts anytime and anywhere, and many business activities will also be held in this country.

Due to the high housing prices and prices here, most local residents sold their houses early and immigrated to France, Italy and other countries to live their own petty bourgeoisie life. In other words, Monaco's non-rich residents have been absorbed by other countries, so it has become the only country without poor people. Of course, manual workers in Monaco also have low-paying jobs, but these jobs are generally held by French or Italians around them. They come to Monaco to work during the day and return to their own countries at night.