Twitter Logo Youtube Circle Icon LinkedIn Icon


The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
Click here for more details

Liechtenstein > Law firm and leading lawyer rankings


Doing Business in … Liechtenstein

Contributed by Gasser Partner

A. Country report

Liechtenstein, being a tiny country located in the heart of Europe, is ready to provide an excellent business environment for foreign investors. Enclosed between Switzerland and Austria, Liechtenstein benefits from both neighbouring countries. It is a highly developed location both for specialised industries and for sophisticated banking and financial services for international clients.

Although well-known for its banking and financial sector, Liechtenstein is an innovative and export-oriented industrial location. Approximately 38% of the workforce is employed in industry, with 60% in the service sector. The share of national gross value-added is 40% from the industrial sector, 28% from other services and 24% from the financial sector, with a 2015 GNP of approximately CHF5.5bn. In times of global financial crises and ongoing debates regarding taxation, Liechtenstein is committed to making changes where required.

Read more…

Legal market overview

Liechtenstein is one of Europe’s financial centres, with a niche in private banking and life insurance services. Its economy is dominated by foreign investment trusts and foundations, which are catered to by the Principality’s highly specialised local law firms. The country acts as a bridge for financial institutions between Switzerland (with which it has a customs union) and the EU – based on a number of bilateral passporting, taxation and saving agreements. According to the Liechtenstein Office of Statistics, 61% of the local population are employed in the banking and financial services industries, and accounts for 24% of the jurisdiction’s gross output.

For the last decade, private-banking institutions have attracted increased scrutiny in the media and from financial regulators and governments, which was additionally fuelled by the Panama Papers and subsequent scandals, as well as a more critical public opinion throughout the EU. During this time, the number of foreign investors involved in Liechtenstein’s trusts is estimated to have halved. There has been a concerted effort by law-makers to reinvent the jurisdiction as a modern and transparent banking destination, through a ‘clean money’ strategy. As of 2009, Liechtenstein has initiated a network of double tax treaties, incorporating OECD and EEA standards on tax transparency and information exchange – notably with a number of other low-tax jurisdictions – that have tentatively renewed investor confidence, and satisfied global regulators.

Amongst the new regulatory measures is the OECD’s Common Reporting Standards agreement, which was signed into law in 2017, with the first exchange of information expected in 2019 for the reporting year starting on 1st January 2018. The EU/EEA’s General Data Protection Regulation will be implemented in 2018, with consequences for the way personal data is handled. Local law firms work closely with the domestic financial regulator and hence are well placed to advise clients on the rapidly changing regulatory environment.

International Law Firm Networks

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

GC Powerlist -

International Law Firm Networks

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • New Anti-Money Laundering Law

    The new anti-money laundering ( AML ) law of the UAE took effect at the end of October 2018. Containing features recommended by the Financial Action Task Force ( FATF ), the new law introduces subtle but important changes to the AML landscape in the UAE. 
  • Confidentiality Under Renewed Focus

    The UAE federal government has recently issued a raft of important legislation, addressing and in many ways updating areas of law that are key to businesses in the jurisdiction. Amongst this legislation is Federal Decree-Law 14 of 2018 concerning the central bank and the organisation of financial institutions and activities (the New Banking Law ) and Federal Decree-Law 20 of 2018 concerning anti-money laundering and anti-terrorism financing (the New AML Law ). Both the New Banking Law and the New AML Law repeal and replace the previous legislation on their respective subjects. Importantly, the New Banking Law and the New AML Law have together enhanced the protection afforded to confidential information under UAE law, in particular where financial and legal service providers and their customers and clients are concerned. 
  • Israel Chapter in The Virtual Currency Regulation Review

    Earlier this year, the Israel Tax Authority (ITA) issued two circulars, one on the taxation of digital tokens and the second addressing the taxation of utility tokens in initial coin offerings (ICOs). Additionally, in March, the Israel Securities Authority (ISA) released a detailed interim report by the Committee for the Regulation of Public Offerings of Decentralized Cryptocurrency Coins (Report) (with a follow-up report due to come out around October 2018). Moreover, it is expected that before the end of 2018, legislation will come into force that for the first time will see Israeli primary legislation define virtual currencies as financial assets and mandate licensing for related services, as is later discussed in detail.
  • The Intra-Corporate Transfer Regulations

    The Conditions of Entry and Residence of Third-Country Nationals in the Framework of an Intra-Corporate Transfer Regulations (“Regulations”) were brought into force through Subsidiary Legislation 217.21. These Regulations transpose EU Directive 2014/66/EU into Maltese law.
  • Spring is coming for real estate registration in Israel

    Israel may be the “Start-up Nation” and a world-renowned center of technological innovation, yet for many years the procedures and conduct of the Israeli Land Registry have been trapped in the past.
  • The Tax Working Group’s Interim Report - A capital gains tax for New Zealand?

    ​​​​​​The Tax Working Group has released its Interim Report on the Future of Tax. Amongst a number of other matters, the Interim Report describes two alternative methods for the implementation of a capital gains tax in New Zealand, which will be the subject of further consideration over the coming months. 
  • GRP Rainer Rechtsanwälte: Criteria for assessing whether GmbH managing directors are subject to man

    According to a decision of the Bundessozialgericht, Germany’s federal court of appeals for social security matters, GmbH managing directors are ordinarily deemed to be employees of the company and hence subject to mandatory social security contributions.
  • GRP Rainer Rechtsanwälte – Experience in trade mark protection

    Plagiarism and counterfeit products cause immense economic damage within the European Union. This makes it all the more important for businesses to take consistent measures to protect their trade marks.
  • The Intra-Corporate Transfer Regulations

    The Conditions of Entry and Residence of Third-Country Nationals in the Framework of an Intra-Corporate Transfer Regulations (“Regulations”) were brought into force through Subsidiary Legislation 217.21. These Regulations transpose EU Directive 2014/66/EU into Maltese law.
  • Transport Finance Review - India

    The transportation industry – aviation, shipping and rail – has been predominantly owned by government entities since India’s independence in 1947. Air India and Indian Airlines, both government-owned, rules the skies; the Shipping Corporation of India (SCI), established in 1961 and owned by the government, owns and operates around one-third of the Indian tonnage. All railway property is government owned.

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to