Monday, March 8, 2010

Cheapest Places to Live in Liechtenstein

If you're looking to Liechtenstein as a place to live than you probably aren't too concerned about finding the cheapest places there. Well known for it's privacy laws the famous Liechtenstein Bank can certainly save one a great deal of money but only if you have a great deal of money to being with!

Liechtenstein was established in the Roman Empire in 1719 and 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 World War I forced Liechtenstein to conclude a customs and monetary union with Switzerland. Since World War Two Liechtenstein's low taxes have spurred outstanding economic growth.

Liechtenstein Business

Liechtenstein has the highest GDP per capita at $85,383 in this very small country which also has a population of just 35,000. But when it comes to  Liechtenstein Business there's no trouble finding highly skilled people among the 15 banks and more than 100 wealth management companies.

Liechtenstein Foundation

A popular strategy of the Liechtenstein Offshore community is to set up a Liechtenstein Foundation - by the way this has also become very popular and common in another well known offshore tax haven - Panama. The Liechtenstein foundation, also known as the Stiftung, is most frequently used by foreign investors. A Foundation is a hybrid-entity that includes many characteristics of both a company limited by guarantee and a trust. A foundation cannot be used to pursue commercial business so it is typically used for holding assets such as property, shares companies and other forms of investments. Foundations  traditionally have been used to hold and pass assets from one generation to another in complete confidentiality.

Travel to Liechtenstein

Liechtenstein has no airports due to the size of the country. However, you can fly into Z├╝rich which is only 115 km away. The Swiss Autobahn A13/E34 runs along the Rhine River which forms the border between Switzerland and Liechtenstein. There are several places that cross the Rhine where you can enter into Liechtenstein. The two most common spots to cross are the bridge into Balzers and the bridge crossing to Vaduz. Driving in Liechtenstein is relatively safe. But be extra careful because the narrow and winding mountain roads can be quite dangerous plus there are police speed traps are everywhere.

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