Liechtenstein is a broadly diversified and internationally well-connected financial centre. It distinguishes itself through its high level of political continuity and stability, liberal economic policy, legal certainty and quick decision-making. Its central location, its monetary union with Switzerland and free market access across Europe are the key factors behind its success.
Recognition and implementation of international standards is of great importance to the Liechtenstein financial centre. Financial service providers are subject to the supervision of an independent financial market authority.
The financial sector contributes roughly 30 per cent to the country’s gross domestic product. Third only to industry and manufacturing sectors, it is one of Liechtenstein’s largest economic sector. Liechtenstein is an attractive location for international asset structuring, private asset management, fund business and insurance solutions. Clients’ and investors’ privacy is respected in order to protect assets from unauthorised access.
Noteworthy milestones for the Liechtenstein financial centre are the customs agreement with Switzerland (1923), the adoption of the Swiss franc as the legal currency (1924) and the foundation of its corporate law (1926). Liechtenstein’s accession to the European Economic Area (EEA) in 1995 facilitates the international market access for its industrial and financial sectors and ensures that regulations conform to European standards. Since 1995, Liechtenstein has also been a member of the World Trade Organization (WTO).
Liechtenstein financial centre
Facts and figures on the financial intermediaries