While Liechtenstein provides an excellent environment for doing business in many different areas, the Principality is also home to a number of conditions that are of particular benefit to companies operating in the financial services industry.
These advantages include direct access to two important economic areas as well as the stability and reliability of a country with a AAA credit rating.
Liechtenstein has been a member of the European Economic Area (EEA) since 1995. This means that companies based in Liechtenstein are free to provide services in all countries of the European Union and the EEA. At the same time, the Principality also enjoys traditionally close relations with Switzerland. The customs and currency treaty signed between Liechtenstein and Switzerland means that financial intermediaries in Liechtenstein have privileged access to the Swiss market. Among the benefits are access to the country's financial market infrastructure, including its financial transactions system and stock market as well as trading and storing securities. For Swiss financial market participants, Liechtenstein is a nearby hub for accessing EU and EEA markets.
With the Swiss franc as its official currency, Liechtenstein is a state in the heart of the euro area with solid legal and social provisions and an excellent quality of life. Sound public financial policies, simple administrative procedures as well as transparent and forseeable fiscal and legal conditions contribute to making Liechtenstein an attractive location for businesses. The AAA credit rating awarded to Liechtenstein by Standard & Poor's underlines this reliability. In the financial sector, the strong and internationally recognised Financial Market Authority Liechtenstein (FMA) plays its part in strengthening the Principality's reputation. Together with Luxembourg, Austria, Hong Kong and Singapore, Liechtenstein has received top marks in the Banking Industry Country Risk Assessment (BICRA).