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For such a small country, Liechtensteiners have a very high standard of living thanks in part to the country's function as a tax haven. It is easy to form a corporation in Liechtenstein and they have a very low business tax rate which makes it an attractive place to form a legal entity and do business. The formation of foundations registered in the name of an attorney or other Leichtensteiner, created to protect the privacy (or some may say hide the assets) of foreign financial holdings, also contributes to the economy. Leave a Comment
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Liechtenstein's official currency is the Swiss Franc (CHF) although at least one place we went asked us if we wanted to use Euro or Swiss Franc. Liechtenstein is not cheap, we spent a bit of time trying to find a souvenir to add to David's collection at work and couldn't locate anything that was reasonably priced or for that matter interesting. Same thing goes for tshirts for my niece and nephew, way overpriced, so we decided to send them a postcard instead. We used both our Visa card here and our ATM card with no problem. Leave a Comment
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This little principality is probably best for those looking for scenic beauty. To be certain, Liechtenstein, by itself, offers no more than two or three days of interest, but it is also a good base for exploring eastern Switzerland or western Austria, as well as for skiing. That said, in a country that is only 62 square miles in area, that's not bad. Among the places worth a look - though this is not all - are the capital city of Vaduz, with the Prince's Castle, the Rauthaus (Parliament), the Catholic Church, the Prince's Art Collection, and the Liechtenstein Stamp Museum. (Also, the tourist office will stamp your passport.) To the south is the town of Balzers, with a small pretty castle. In the mountains, the ski town of Malbun is worth a visit, and in summer is a great place to start a hike. Leave a Comment
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