Liechtenstein, a land of registered companies, industrialized free-enterprise economy, Industries, Tourism and wine
+ 300 people
live in Liechtenstein, one of the few countries in
the world with more registered companies than citizens.
Liechtensteinbilled as taxes paradise has developed a prosperous,
highly industrialized free-enterprise economy and boasts a financial service
sector as well as a living standard.
Liechtenstein participates in a customs union with
Switzerland and employs the Swiss
franc as the national currency. The
country imports about 85% of its energy.
Industries
include electronics, textiles, precision instruments, metal manufacturing, power
tools, anchor bolts, calculators, pharmaceuticals, and food products.
Liechtenstein
produces wheat, barley, corn, potatoes, dairy products, livestock, and wine.
Tourism accounts for a large portion of the country's economy. Since 1923, there
has been no border control between Liechtenstein and Switzerland.
The
government of Liechtenstein taxes personal, business income,
and principal (wealth).
The
foundation is registered in the name of a Liechtensteiner, often a lawyer. This set
of laws used to make Liechtenstein a popular tax haven for extremely wealthy
individuals and businesses attempting to avoid or evade taxes in their home
countries.

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