The Principality of Liechtenstein is a business-friendly location that supports free enterprise. The state offers entrepreneurs options, while the government continues to improve the working environment for businesses.
Liechtenstein provides excellent conditions to do business. Indeed, it is no surprise that the ratio of companies per inhabitant is one of the highest in the world 1:9.
The countrys liberal economic policy is reflected in its labour and business laws, with low associated labour costs and long working hours compared to other European countries making Liechtenstein attractive for companies. The low level of capital required to found a business and straight-forward administration with minimum bureaucracy also benefit entrepreneurs. Liechtensteins small size brings with it a high level of flexibility and fast-decision making.
Liechtensteins investors and inhabitants are by no means the countrys only entrepreneurs. The Princely Family, which is not financed by the state, also boasts a diverse and highly successful business portfolio. This includes the LGT Group as well firms active in real estate, farming and forestry. Further assets in the head of states business portfolio include vineyards, an electricity plant and innovative agricultural companies.
The Principality of Liechtenstein is a constitutional hereditary monarchy on a democratic and parliamentary basis. This direct democracy means that power is divided between the head of state, Prince Hans-Adam II von und zu Liechtenstein, and the people. The sixth smallest country in the world, Liechtenstein is formed of eleven municipalities. The parliament, called the Landtag, comprises 25 members elected by the people and nominates a government which is formed of five persons and sworn in by the Prince.