Monaco_Shore_Tours Its official name is Principality of Monaco. It is a small independent country in western Europe, bordering with France and the north Tyrrhenian Sea. The history of this principality is inexorably connected to the Grimaldi family. Monaco is a paradise for wealthy people: everything in this country has been thought and built for them. It is among the smallest states of the world, after the Vatican City. It is a modern country, characterized by an international atmosphere.