The 2006 business year of the Liechtenstein banks brought excellent results. A stronger trend is apparent to seek out close proximity with clients: Liechtenstein banks are establishing branches abroad, especially in the growth markets of Asia, the Middle East, and Eastern Europe.

The Liechtenstein financial center can look back on a successful 2007 business year. The three largest banks in the Vaduz banking center increased their business activities at a high rate.

New markets in the Middle East and Southeast Asia have made the business activities of Liechtenstein financial intermediaries even more international.

Liechtenstein has come to an agreement with the European Union on the EU Savings Tax and will therefore retain the same withholding tax as Switzerland.

Politically exposed persons represent a risk factor for any financial intermediary. They may be considered as more affected by corruption topics. Wrongdoings cause higher reputational damage due to media interest.

Rigorous Bank Secrecy Laws In Liechtenstein

A small economic miracle has turned Liechtenstein into an economic metropolis. The secret of its success? Entrepreneurship, networks, and innovation.

The agreement and the implementation guidelines will define them thoroughly. The definition should be identical to that one in Switzerland as Liechtenstein will not be in a position to introduce an own definition on the grounds of electronic data processing performed by banks.

Liechtenstein foundations are a very well-known family planning instrument as they can easily be set up and maintained. However in the international tax and civil law field, especially where the assets are not only located in Liechtenstein, some additional concern should be given by the founders and/or beneficiaries.