Norderfriedrichskoog is a municipality in the district of Nordfriesland

Nordfriesland

Nordfriesland, English "Northern Friesland" or "North Frisia", is a district in Schleswig-Holstein, Germany. It includes almost all of traditional North Frisia along with adjacent areas to the east and south and is bounded by the districts of Schleswig-Flensburg and Dithmarschen, the North Sea and...

, in Schleswig-Holstein

Schleswig-Holstein

Schleswig-Holstein is the northernmost of the sixteen states of Germany, comprising most of the historical duchy of Holstein and the southern part of the former Duchy of Schleswig...

, Germany

Germany

Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

.

Former tax haven

In the 1990s Norderfriedrichskoog became a popular 0% tax haven, and by 2003 the village, with a population of only 47, was home to over 500 companies, including Deutsche Bank

Deutsche Bank

Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...

, Eli Lilly and Company

Eli Lilly and Company

Eli Lilly and Company is a global pharmaceutical company. Eli Lilly's global headquarters is located in Indianapolis, Indiana, in the United States...

, Unilever

Unilever

Unilever is a British-Dutch multinational corporation that owns many of the world's consumer product brands in foods, beverages, cleaning agents and personal care products....

, Lufthansa

Lufthansa

Deutsche Lufthansa AG is the flag carrier of Germany and the largest airline in Europe in terms of overall passengers carried. The name of the company is derived from Luft , and Hansa .The airline is the world's fourth-largest airline in terms of overall passengers carried, operating...

 and E.On

E.ON

E.ON AG, marketed with an interpunct as E•ON, is the holding company of the world's largest investor-owned energy service provider based in Düsseldorf, Germany. The name comes from the Greek word aeon which means eternity....

. The tax regime was changed by the federal government in 2004 to enforce a minimum percentage rate, thus removing Norderfriedrichskoog's competitive advantage.