Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and living standards on a par with the urban areas of its large European neighbors. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes--the maximum tax rate is 20%--and easy incorporation rules have induced a large number of holding or so-called letter box companies to establish nominal offices in Liechtenstein, providing 30% of state revenues.
The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been, since May 1995, a member of the European Economic Area, an organization serving as a bridge between the EFTA and the EU. The government is working to harmonize its economic policies with those of an integrated Europe. Liechtenstein has one of the highest personal income rates (GDP Per Capita) in the world, with the base rate of income tax currently standing at just 1.2%.
Liechtenstein was the home of the Curta calculator.
The Most Frequently Asked Travel Questions about Liechtenstein
Where To Stay & Best Hotels in Liechtenstein - updated Apr 2024
SAVE up to 75% on Last Minute deals! Search for discount Liechtenstein hotels, motels, apartments, hostels, guest accommodations and vacation resorts. Book now and pay at the hotel. Instant email confirmation!
Liechtenstein Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.
