Explore Liechtenstein

Location:
Liechtenstein

Currency:
Swiss franc (CHF)

Communications:
The telephone code for Liechtenstein: + 371

About:
The Principality of Liechtenstein was established within the Holy Roman Empire in 1719; it became a sovereign state in 1806.

One of the world's smallest countries, it's closely associated with Switzerland for its defense. Until the end of World War I, it was closely tied to Austria, but the economic devastation caused by that conflict forced Liechtenstein to enter into a customs and monetary union with Switzerland.

Since World War II (in which Liechtenstein remained neutral), the country's low taxes have spurred outstanding economic growth. Shortcomings in banking regulatory oversight have resulted in concerns about the use of the financial institutions for money laundering.

Liechtenstein has, however, implemented new anti-money-laundering legislation and recently concluded a Mutual Legal Assistance Treaty with the US.

A strong industrialized land known as a tax haven for banks and investment companies, it's also an excellent Alpine skiing destination.