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The Principality of Liechtenstein is a constitutional hereditary monarchy on a democratic and parliamentary basis. The power of the state is enshrined in the Prince and the people.
Liechtenstein participates in a customs union with Switzerland and employs the Swiss franc as national currency. It has been a member of the European Economic Area, an organization serving as a bridge between the European Free Trade Association (EFTA) and the European Union since May 1995.
As an internationally recognised financial centre, Liechtenstein offers an established, flexible corporate legal framework, a robust banking law and the benefits of political and economical stability with minimal bureaucracy and low tax rates.