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The Principality enjoys full employment and a standard of living comparable to Switzerland. This prosperity is based on a combination of tourism, gaming, international finance, ship registration services and technology. |
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Tourists enjoy the ambience and charm of the Principality, as well as the abundance of scenic attractions. The more adventurous can book whale watching or nature photography tours, or view the rugged coastline from the cabin of a sleek zeppelin.
Once known for its large-scale, destructive logging practices, the Island has now largely abandoned resource industries as a source of employment. The Grand Casino in Victoria, the Winterhaven in Nanaimo and the Pacific Casino at Long Beach provide much of the revenue required to maintain public services. The popularity of the casinos has also created an entertainment and service industry that employs many Island residents. |
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International banking is a profitable and rapidly growing economic sector. The confidentiality and tax laws of the Principality have attracted scores of international financial institutions. Business people from around the world find the Island an ideal place to conduct transactions, headquarter commercial enterprises and secure credit. Technology firms benefit from the minimal tax rate, agreeable environment and active encouragement of the government. The Principality now supports a thriving high-tech sector specializing in software development, marine engineering, robotics and experimental airframes. |
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