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Not a city but a community in the most northerly and low lying region of Liechtenstein, Ruggell is known for its conservation areas and its historic St Fridolin's Parish Church where you can say a little prayer or two for the success of your startup. Perched on the Rhine River, you are virtually on top of the international borders where Austria and Switzerland collide. Ruggell is definitely no tech hub and it does sit in a country that some border guards are skeptical about its existence, but Liechtenstein is not an imaginary place that you would think has magically appeared out of the movie "Frozen". Coworking venues opening up in Ruggell is a testament to the intrepid and innovative souls that thrive living in such a surreal environment.
Liechtenstein is viewed as a haven for wealthy individuals to hide money and evade taxes from their home countries resulting in it having the highest GDP per capita in the world in 2009. Germany and the UK put pressure on Liechtenstein to change and it was about this time that Satoshi Nakamoto rolled out Bitcoin blockchain creating the crypto revolution. Today Liechtenstein wants to seize the leadership of the blockchain-based world and be the place where companies locate and do business. Due to the country's small size and quick moving government, new regulations are being put in place. The government with the private sector is hell bent on creating an ecosystem that is welcoming and enabling to blockchain companies.
Coworking venues are but one more little stepping stone in their burgeoning tech scene where money has always been in their banks, let alone in their blood. Liechtenstein does not regulate commodities, which will make it a very attractive destination for many companies around the globe.
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