There is a network of excellent roads connecting Liechtenstein with its neighbours. The railway, part of the Paris-Vienna express route, passes through the northern sections of the country. Unusually it is a country with no airport.
The Capital – Vaduz.
Tourism is a leading sector of Liechtenstein’s economy and is sponsored by the government. Most visitors come from the surrounding European countries and centre their activities on Vaduz. The registration of tens of thousands of foreign firms in Liechtenstein provides a source of tax income. The principality has also become a centre of banking because of its stable political situation and its laws providing absolute bank secrecy.
In the late 20th century, however, it became a centre for money laundering, and its laws were subsequently altered to prohibit the opening of accounts anonymously. Pressure from the United States and the European Union (EU) led to the reform of the banking sector in the early 21st century, and the country worked to shed its image as a tax haven.
The eastern two-thirds of the country is composed of the rugged foothills of the Rhätikon Mountains, part of the central Alps. The highest peak is Grauspitz, which rises to 8,527 feet (2,599 metres), and much of the principality is at an elevation above 6,000 feet (1,800 metres). The lower slopes of the mountains are covered by evergreen forests and alpine flowers, while their bare peaks are blanketed by snow.