Monaco spotlight : With the legendary Monaco Grand Prix taking place this weekend, the spotlight is firmly on the glamorous streets of Monte Carlo.

While it serves as one of the most iconic racetracks in motorsports, this tiny principality is also the permanent home to a massive portion of the current Formula 1 grid.

But why do so many F1 stars choose to live in Monaco?

Zero income tax : Monaco does not levy any personal income tax on its residents.

This crucial perk allows high-earning F1 stars to keep 100 per cent of their multi-million-pound racing salaries and lucrative endorsement deals.