The Principality of Liechtenstein is a dwarf state in the center of Europe. It is bordered by Switzerland to the west and south and Austria to the east. The mountainous country is a winter sports resort and also a tax haven. Like Switzerland, Liechtenstein is not a member of the European Union.
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In 1699 the Bohemian prince Johan Adam Andreas of Liechtenstein bought the manor of Schellenberg and in 1712 the county of Vaduz from the counts of Hohenems. For a loan of 250,000 guilders, he was also given a seat on the royal bank of the Swabian Circle in 1707. On January 23, 1719, Emperor Charles VI united the Lords of Vaduz and Schellenberg into a principality called Liechtenstein. Finally, in 1723, the new principality was given a seat and a vote in the reichstag. On July 12, 1806, Liechtenstein was one of the signatories of the Rhine League Act, which broke the principality away from the Holy Roman Empire and became sovereign.