Nestled between Switzerland and Austria in the heart of the Alps, Liechtenstein is one of the world’s smallest countries. It’s known as a paradise of unspoiled nature and a tax haven for investors. But is it all too good to be true? Let’s take a closer look at Liechtenstein to uncover its reality.
Is Liechtenstein Too Good to be True?
At a mere 160 sq. kilometers, Liechtenstein is roughly the size of a small city. But despite its miniscule size, this tiny country has earned a reputation as a paradise of unspoiled nature and a tax haven for investors. Since its foundation in 1719, Liechtenstein has been ruled by the same family, the house of Liechtenstein. Its long-standing stability and low taxes have made it a desirable destination for investors, but is all that glitters really gold?
Exploring the Tiny Country’s Reality
The reality of Liechtenstein is a bit more complicated than the glossy image presented in its tourist brochures. While it is undoubtedly one of the most peaceful and stable countries in the world, Liechtenstein’s status as a tax haven has caused some controversy. In 2008, the Organisation for Economic Co-operation and Development (OECD) blacklisted Liechtenstein, accusing it of encouraging tax evasion.
The country also remains a relatively closed society, with stringent laws in place to restrict immigration and protect its own citizens. This has earned Liechtenstein criticism from the United Nations, which has accused the country of denying its citizens access to basic human rights.
Despite its controversies, Liechtenstein is still a desirable destination for investors and tourists alike. Its stunning landscape and relaxed lifestyle make it an attractive place to visit. However, it pays to do your research before taking the plunge and investing in this tiny Alpine country.
Liechtenstein is undoubtedly an attractive destination, but it pays to look beyond its glossy image and consider the realities of its controversial policies. While the country may be peaceful and stable, it has come under fire for its restrictive immigration laws and tax havens. Despite this, Liechtenstein remains a desirable place to visit for its breathtaking views and relaxed lifestyle.