Financial center strategy to boost competitiveness
The government intends to further improve the location advantages of Liechtenstein as a financial center. The financial center strategy that has been adopted to this end includes measures in the areas of governance and recognition, market access and value creation.
The adopted financial center strategy defines targets and strategic measures for the further development of general conditions in Liechtenstein as a financial center, the government of Liechtenstein reported in a press release. It states the main focus is on facilitating “unrestricted and equal access to key markets” as well as “the improvement of government framework conditions for innovative companies”. In addition, “a consistently high level of conformity with applicable international and European standards” is “paramount” for the competitiveness of the financial center.
According to the press release, the government intends to create an action plan for the financial market strategy to firm up the planned measures in the areas of governance and recognition, market access and value creation. The improvement in market access will be achieved by means of further double taxation and free trade agreements.
“Today, the finance sector makes a significant contribution to gross value added in Liechtenstein,” comments Liechtenstein Prime Minister Adrian Hasler. The government’s aim is to develop the location advantages of the financial center, Adrian Hasler adds: “Liechtenstein currently has an innovative and diversified financial services sector with an extensive international network. We intend to further build on these strengths.”
Financial centre strategy of the Government of the Principality of Liechtenstein PDF