Conformity

“Liechtenstein’s accession to the European Economic Area (EEA) in 1995 ushered in a new era. On the one hand, the European single market opened up for Liechtenstein companies. On the other, Liechtenstein committed itself to reviewing European regulations and transposing them into national law. This applied particularly to the Liechtenstein financial centre and had a significant impact on its players.

The Liechtenstein financial centre is in a solid position, well regulated, and independently supervised. Strict laws and regulations on combating money laundering, cross-border tax offences, and terrorist financing guarantee the stability and security of the financial centre. Compliance with these standards is ensured by a strong, independent financial market supervisory authority. Liechtenstein’s deep commitment to the OECD standards for transparency and exchange of information in tax matters enables financial centre players to develop their core competencies in long-term, cross-border asset issues in the best interests of their clients, especially in uncertain times.

Further, increasing demands will continue to affect the financial centre and its players in the coming years. New players, new technologies, new products, new laws, and directives will shape the financial centre. Thanks to the short distances in Liechtenstein and the open, trust-based cooperation between the government, administration, and financial centre associations, these requirements will also be met quickly and with a healthy sense of proportion. This will ensure that Liechtenstein will continue to play a pioneering role as an agile and innovative financial centre in the future and for the coming generations.”

H.S.H. Prince Michael of Liechtenstein, Member of the Board of Directors Liechtenstein Finance