Prince's Palace of Monaco Prince's Palace of Monaco The Prince's Palace of Monaco is the official residence of the Sovereign Prince of Monaco. Built in 1191 as a Genoese fortress, during its long and often dramatic history it has been bombarded and besieged by many foreign powers. Since the end of the 13th century, it has been the stronghold and home of the Grimaldi family who first captured it in 1297. The Grimaldi ruled the area first as feudal lords, and from the 17th century as sovereign princes, but their power was often derived from fragile agreements with their larger and stronger neighbours. Thus
History of Monaco in 1962, abolished capital punishment, provided for female suffrage, established a Supreme Court to guarantee fundamental liberties and made it difficult for a French national to transfer his or her residence there. In 1993, Monaco became a member of the United Nations with full voting rights. In 2002, a new treaty between France and Monaco clarifies that if there are no heirs to carry on the dynasty, the Principality will remain an independent nation, rather than be annexed by France. Monaco's military defense, however, is still the responsibility of France. The principality's mild climate, attractive scenery, and gambling facilities have