Liechtenstein is one of the world’s smallest countries, defined officiously as the Principality of Liechtenstein and situated between the Alps, Switzerland to the west and Austria to the east. Its area is only 160 km2 and its population is only 35,000. The capital is Vaduz, and the head of state is a prince of the Liechtenstein dynasty for which the miniature state is named. The official language is German, and it gained its independence from the German Confederation in 1806. It is situated entirely within the Alps and so characterized by towering mountains that encase green and fertile valleys, providing luxury appeal to winter sports lovers.
Liechtenstein is a member in several international and European economic organizations, but not of the EU. Its major economic activity centers on its financial sector, and it is considered a tax haven due to its unobtrusive and inviting tax policies for companies setting up business there. It does not have a large airport due to its tiny size and mountainous topography. It can be reached via flight from Zurich (115 km from Liechtenstein) or by car.For Viewing Liechtenstein in Google Maps - Click Here
Due to its size and lack of natural resources, the economy of the state has evolved as a free enterprise economy, which is extremely industrialized and advanced. The currency is the Swiss franc. GDP of this petite country is 3.5 billion USD and per capita income is the astonishing sum of 98,000 USD. There are over 70,000 foreign companies registered in Liechtenstein – more than twice the number of Principality residents. The financial services sector is undoubtedly the most significant revenue generator to local economy. The standard of living is particularly high, even compared to its successful neighbors of West Europe, and unemployment extremely low (only 2%). In terms of foreign companies, the state offers low personal and corporate tax rates, as well as easy and convenient registration procedures.
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