Liechtenstein

The country sided with Austria in the World War I. As a result of the defeat of Austria, Liechtenstein suffered the worst economic crisis. The country’s low taxes have driven amazing economic growth.

However, there have been concerns about the lax financial controls in the country. The country’s banking system has been indicted for encouraging the practice of money laundering. In recent years Liechtenstein has reformed the laws and implemented anti-money-laundering legislation. The country entered into a Mutual Legal Assistance Treaty with the US in 2003.

The small Principality of Liechtenstein was once a part of the Holy Roman Empire in 1719. The year 1806 saw the emergence of this landlocked country as a sovereign state. Sandwiched between Switzerland and Austria, the country is known as a low tax haven that entices the company to start their nominal "letter box" offices.

Travel overview
The world's fourth-smallest country Liechtenstein a quiet and relaxed place to unwind. Vaduz, the country's capital, is known for museums including the sleek new Kunstmuseum, a sixteenth-century castle, and a good number of restaurants.

The Tirolean Alps in the south-east of the country offers exciting skiing and hiking opportunities, with some great ski resorts including popular resort at Malbun. While in Liechtenstein, don’t miss to visit the gorgeous Rhine Valley on the Swiss border.

Other attraction in Liechtenstein includes the city of Trisenberg known for its onion-domed church museum dedicated to the Walser community.

Capital: Vaduz
Location: Central Europe, between Austria and Switzerland
Climate: continental, cloudy winters, humid summers
Total Area: 160 sq km
Total Population: 34,247
Population Growth Rate: 0.745%
Sex Ratio: 0.946 male(s)/female
Literacy: 100%
Ethnic Groups: Alemannic, Italian, Turkish
Languages: German (official), Alemannic dialect
Time Zone: UTC+1
Currency: Swiss franc (CHF)
Neighbouring countries: Austria, Switzerland
Type of govt.: constitutional monarchy
Head of Govt.: Otmar Hasler
Major Political Parties: Patriotic Union or VU, Progressive Citizens' Party or FBP, The Free List or FL
Participation in International Organizations: CE, EBRD, IFRCS, Interpol, EFTA, IAEA, ICCt, ICRM, IOC, IPU, UN, UNCTAD, UPU, ITU, OPCW, OSCE, PCA, WCL, WIPO, WTO
Major Agricultural Products: wheat, potatoes, barley, corn, livestock, dairy products
Natural Resources & Minerals: hydroelectric potential, arable land.
Industry & Transport: electronics, ceramics, pharmaceuticals, metal manufacturing, dental products, food products, tourism, optical instruments, precision instruments
Railways: 9 km
Roadways: 380 km
Waterways: 28 km
Major Trade Partners: Germany, Austria, France, Italy, UK, US, Switzerland
Exports: $2.47 billion
Imports: $917.3 million

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