Quality & Innovation strength
It is important to be open to new ideas and technologies, while not pre-emptively ruling anything out. In an attractive business location with a strong financial centre, active involvement in new technologies and the identification of new solutions is part of our day-to-day business. Innovation and growth form a symbiosis.
Politics also plays an important role in this regard. The decisionmaking of the Government and of Parliament establishes the foundations upon which companies can develop their ideas. A business location needs to succeed in developing further through constant innovation, thereby also growing in qualitative terms. The competitiveness of a financial centre depends upon attractive governmental operating conditions, short decision-making channels as well as the expertise and efficiency of the public authorities. In Liechtenstein, private innovation is promoted through a unique public innovation framework whose structures, processes and services are continuously developed and optimised. This also includes the foundations for a digital financial centre.
Liechtenstein was the first country in the world to adopt and enact comprehensive regulation for blockchain technology within the meaning of the token economy. The law creates the foundations for legal certainty for innovative companies, strengthening user trust in digital legal transactions and promoting customer protection. As a “first mover”, Liechtenstein was consequently the first country to have comprehensive regulation in place for this new technology, as the basis of an internet of values and the digital economy.
The Principality of Liechtenstein sees itself as a responsible, open and fair partner. Moreover, we offer political and economic stability, a liberal legal system in line with European and international standards, and integration in two economic zones. Efficient public authorities and an open mindset when it comes to innovation therefore also lay an important foundation for innovative and qualitative growth along with continued success for the financial centre.
Dr. Daniel Risch, Prime Minister of the Principality of Liechtenstein
Further information on the Liechtenstein financial centre can be found under Location advantages.