The Principality of Liechtenstein is known internationally for its high quality in the field of finance. In addition to its political stability and liberal company and tax law, legally enshrined banking secrecy is only one further aspect of the optimal framework conditions of the financial centre. The Swiss franc as its currency and the financial strength of the State likewise have positive effects that ensure the continuity and development of the location.
This has been proven especially over the past few years. No Liechtenstein bank needed government money as a consequence of the economic and financial crisis. The high degree of equity capitalization and the prudent risk behaviour of the Liechtenstein banks have helped ensure that the crisis did not have a greater impact on our country, while many other countries in Europe and not least of all the United States have been shaken to their core.
With this strong foundation as a basis, the Liechtenstein business location continues to work on its global competitiveness. In recent years, Liechtenstein has adjusted increasingly to international demands and now fulfils the highest standards under European law in regard to due diligence and the prevention of money laundering.
Liechtenstein’s membership in the EEA on the one side and the currency, customs and economic union with Switzerland on the other side offers free movement of capital and goods throughout nearly all of Europe. Additional information on the Liechtenstein banking location, such as depositor protection, is available on the website of the Liechtenstein Bankers Association.