Liechtenstein

Overview

High in the mountain range of the Alps, Liechtenstein is not only landlocked, but only borders landlocked countries as well. This small country is ruled by a real prince, His highness Hans-Adam of Liechtenstein. One of the oldest royal families in Europe.

From Switzerland or Austria it is a nice trip to Liechtenstein. The things the ministate offers are not very different form those of the bigger neighbours, but the atmosphere is somewhat special. The entire country has a police force of 22 men and one dog for their protection, for example.

Vaduz is the capital and the only city of some size. It is an attractive place and worth a visit.

History

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