The Principality of Liechtenstein is a constitutional hereditary monarchy on a democratic and parliamentary basis. This ensures a high degree of political continuity and stability. The six-smallest state in the world owes its name to the House of Liechtenstein, one of the oldest noble families in Europe. Since the Customs Treaty with Switzerland came into force in 1924, Liechtenstein has not only been part of the Swiss customs territory, but also uses the Swiss franc as a means of payment. Since 1995 Liechtenstein has also been a member of the European Economic Area (EEA). Companies thus benefit from the advantages of the EU/EEA single market and the free movement of goods, persons, services and capital. As a member of the European Free Trade Association, the country also benefits from one of the largest networks of free trade agreements worldwide. The Principality of Liechtenstein is stable and sovereign, and its financial centre is transparent, secure and professional.
One of the tasks of the Financial Market Authority (FMA) Liechtenstein is to ensure this transparency and security. In addition to ensuring the stability of the Liechtenstein financial market, preventing abuses, and implementing and complying with recognized international standards, the protection of clients is a central task of the FMA Liechtenstein. In this way, the FMA makes an important contribution to securing the confidence of investors, insured persons, and creditors in the Liechtenstein financial sector. Moreover, the banks in Liechtenstein have the highest equity capital of all European banks.
The Principality of Liechtenstein is fully committed to the recognition and implementation of international and European standards of tax conformity and has concluded a double taxation agreement and/or a tax information exchange agreement with 54 states worldwide.
Liechtenstein remains one of the few countries in the world without national debt. Instead, the country has high reserves resulting from the state's budgetary discipline. Accordingly, the public sector in Liechtenstein has great capital strength. Political continuity, the stability of the social, legal and economic order, a liberal economic policy and the Swiss franc as legal tender provide the necessary stability, which is reflected in the AAA Standard & Poor's rating for Liechtenstein.
Further information on the Principality of Liechtenstein as a business location can be found here.
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