The Principality of Liechtenstein is a business-friendly country promoting free enterprise. The state offers exciting opportunities for entrepreneurs, while the government continuously seeks to optimise the framework conditions.
Liechtenstein's liberal economic policy is reflected in both its company and labour laws. Low non-wage labour costs and long weekly working hours compared to other European countries contribute to the country’s attractiveness as a business location. The low level of capital required to create a company and the unbureaucratic administration make life even easier for entrepreneurs. The manageable size of the country also brings flexibility and quick decision-making in all matters.
Hard work must be rewarded. Capital should be available for investment, growth and research and development activities. This principle matches Liechtenstein's liberal approach. The flat-rate income tax for companies in Liechtenstein is 12.5%. At 7.7%, VAT is also moderate by international standards. The country has numerous double taxation and tax information agreements, including with Germany, Switzerland, Austria and the USA.
Today, only very few countries can claim to be debt-free. Liechtenstein is one of them. Predictable social and economic conditions, legal certainty and the Swiss franc as the country’s legal tender ensure stability. The activities of Liechtenstein’s companies in a wide variety of industries also contribute to this steady business climate. Independent analysts are impressed by Liechtenstein's stability. Since 1996, Liechtenstein has had an AAA rating from Standard & Poor's, a status which is renewed each year.
Not only investors and the inhabitants of Liechtenstein appreciate the country’s business-friendly approach and show themselves from their entrepreneurial side. Entrepreneurship also enjoys a long tradition within the Princely Family, whose members are successful entrepreneurs. The head of state's corporate portfolio includes not only the LGT Group but also a real estate company, an agricultural company, a forestry company, wineries, a power station and innovative agricultural businesses.