European microstatesThe European microstates or European ministates are a set of very small sovereign states in Europe. In modern contexts the term is typically used to refer to the six smallest states in Europe by area: Andorra, Liechtenstein, Malta, Monaco, San Marino, and Vatican City (the Holy See). Four of these states are monarchies, three principalities—Andorra, Liechtenstein, and Monaco—and one papacy, Vatican City. These states trace their status back to the first millennium or the early second millennium except for Liechtenstein, created in the 17th century.
Capital cityA capital city or just capital is the municipality holding primary status in a country, state, province, department, or other subnational entity, usually as its seat of the government. A capital is typically a city that physically encompasses the government's offices and meeting places; the status as capital is often designated by its law or constitution. In some jurisdictions, including several countries, different branches of government are in different settlements, sometimes meaning multiple official capitals.
Southern EuropeSouthern Europe is the southern region of Europe. It is also known as Mediterranean Europe, as its geography is marked by the Mediterranean Sea. Definitions of Southern Europe include some or all of these countries and regions: Albania, Andorra, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Turkey (East Thrace), Gibraltar, Greece, Italy, Kosovo, Malta, Monaco, Montenegro, North Macedonia, Portugal, San Marino, Serbia, Slovenia, Southern France, Spain, and Vatican City.
Tax havenA tax haven is a term, sometimes used negatively and for political reasons, to describe a place with very low tax rates for non-domiciled investors, even if the official rates may be higher. In some older definitions, a tax haven also offers financial secrecy. However, while countries with high levels of secrecy but also high rates of taxation, most notably the United States and Germany in the Financial Secrecy Index ("FSI") rankings, can be featured in some tax haven lists, they are often omitted from lists for political reasons or through lack of subject matter knowledge.
