News & Events
The annual TOPS wealth manager rating by FUCHS | RICHTER PRÜFINSTANZ shows which banks and wealth managers in the DACH and Liechtenstein region offer their clients the highest quality advice and best investment proposals. This year, four Liechtenstein institutions are among the top 12.
Liechtenstein received the best possible assessment for its implementation of the Automatic Exchange of Information in tax matters. The Global Forum on Transparency and Exchange of Information for Tax Purposes has therefore provided international recognition of Liechtenstein’s efforts.
The “Economic and financial data on Liechtenstein” brochure provides an overview of the country’s economic development. Since 1972, the economic output of the country has increased almost fivefold. Private household income per capita in Liechtenstein is top of all EU/EFTA countries.
The Liechtenstein government has advocated joining the International Monetary Fund (IMF). Membership of the organization would primarily be intended to provide security in times of crisis. Other benefits include targets for trade growth and exchange rate stability that tie in nicely with Liechtenstein’s economic ambitions.
Geopolitical developments and inflation are putting the global economy under pressure. Liechtenstein recorded average growth in the first quarter of 2022. The banking sector also remains on course for growth. These are the findings from the latest Economic Monitor report on the economy in Liechtenstein.
The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval) at the Council of Europe has positively appraised the performance of Liechtenstein as part of its fifth report. Both the authorities and the financial sector in Liechtenstein have demonstrated competence in responding to the risks of money laundering.
The rating agency Standard & Poor’s has again confirmed its top rating of AAA with a stable outlook for the Principality of Liechtenstein. In the evaluation, the rating agency highlighted in particular the strong economy and solid financial position with regard to public budgets.
Liechtenstein has made up ground in the Financial Secrecy Index. The Principality’s financial sector ranks in 54th place, well behind those countries that the UK-based Tax Justice Network classifies as the world’s worst tax havens. The USA and Switzerland lead the way in the index. Luxembourg is ranked in 5th place.
The Liechtenstein trust sector generated gross value added of just under 1 billion Swiss francs in 2018. Its direct share of gross value added of slightly over 11 percent was the third-highest by sector. This is a finding from a study published on behalf of the Liechtenstein Institute of Professional Trustees and Fiduciaries.
The Liechtenstein financial center has maintained its growth path in the second year of the pandemic. The Financial Market Authority (FMA) reported on this in its 2021 annual report. In dealing with the war in Ukraine, the FMA attested that market players had acted appropriately.