The capital of Monaco is Monaco itself. Officially known as the Principality of Monaco, it is a small, sovereign city-state located on the French Riviera in Western Europe. Monaco is famous for its opulence, luxury casinos, and as a tax haven for the wealthy. The city-state comprises several districts, with Monte Carlo being the most well-known for its glamorous lifestyle, including the iconic Casino de Monte-Carlo. Monaco is also recognized for its annual Formula One Grand Prix and rich cultural events, attracting tourists and residents alike to its stunning Mediterranean environment.