Munich is the capital and the most populated city in the German state of Bavaria, on the banks of the River Isar north of the Bavarian Alps. Munich is also the third largest city in Germany, after Berlin and Hamburg, and the 12th largest city in the European Union, with a population of around 1.5 million. The Munich Metropolitan Region is home to 6 million people.
The city is a major centre of art, technology, finance, publishing, culture, innovation, education, business, and tourism in Germany and Europe and enjoys a very high standard and quality of living, reaching first in Germany and fourth worldwide according to the 2015 Mercer survey. According to the Globalization and World Rankings Research Institute Munich is considered an alpha-world city, as of 2015.
The city is home to major corporations like BMW, Siemens, MAN, Linde, Allianz and MunichRE.
Munich is home to many universities, museums and theatres. Its numerous architectural attractions, sports events, exhibitions and its annual Oktoberfest attract considerable tourism. Munich is one of the most prosperous and fastest growing cities in Germany. It is a top-ranked destination for migration and expatriate location, despite being the municipality with the highest population density in Germany (4,500 people per km²) . Munich hosts more than 530,000 people of foreign background, making up 37.7% of its population.