Liechtenstein is a hub of creativity with a state-of-the-art business structure and attractive growth prospects. Here, in one of the worlds leading business locations, it pays to become an entrepreneur. It is no coincidence that many companies based in Liechtenstein are successful global players in their respective niche markets.
The most important advantages that Liechtenstein has to offer as a business location are its central position in Europe and direct access to the European Economic Area (EEA) and Switzerland. Since 1924 Liechtenstein has formed part of a customs and currency union with Switzerland and benefitted from the stability of the Swiss franc. In 1992 Liechtenstein's citizens voted to join the EEA, with the country enjoying access to the EU/EEA single market since the treaty came into force in 1995. Of particular importance to companies in Liechtenstein are the provisions on the free movement of goods and persons. The Principality is also a member of the European Free Trade Association (EFTA) and as such benefits from one of the world's largest network of free-trade agreements. There are also a series of further international and bilateral agreements, for example with Switzerland Global Enterprises (S-GE, formerly OSEC) and the WTO, that create the best possible environment for export-oriented sectors of the economy.
Liechtenstein is home to highly qualified workers from over 100 countries. The high level of training and education as well as the attractive labour market are the basis for motivated and well-trained employees both from the Principality itself and the border region around Lake Constance. Foreign workers are an important part of Liechtenstein's economy: 52% of the country's workforce lives abroad and commutes to work each day. Bureaucracy is kept to a minimuim when it comes to employing new members of staff from over the border.