The incoming population of Europe's favourite tax haven is changing, according to a Monaco travel guide.

Best known of Europe's tax havens, Monaco has also been seen as a social gathering and vacation place for the rich - and home to successful businessmen enjoying the zero per cent income tax policy.

With the social highlights of the Monaco Grand Prix, the luxury yacht show and the casino, the image of Monaco's incoming population could be misconstrued as a male dominated business orientated environment, with women taking their place behind the casino dealing tables and the pit lanes for the Monaco Grand Prix.