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The Liechtenstein financial center - stability, expertise and security

Political and economic stability, legal certainty and top-quality service have defined Liechtenstein as a financial center for many years. Its asset management expertise and its business-friendly corporate and tax law are also key benefits it offers as a location compared with other countries.

With a lean, user-focused public sector, Liechtenstein offers a stable legal and social system and a traditionally liberal economy. Public finances on a sound footing, straightforward administrative procedures and a transparent and predictable tax and legal regime add to Liechtenstein’s attractiveness as a place to do business and a financial center.

The financial sector is a major employer and an attractive one, employing a greater-than-average number of highly skilled staff. The establishment of the first bank in Liechtenstein in 1861 marked the beginning of a long tradition that continues to this day. The country’s largest bank, LGT Bank Ltd., was founded more than 90 years ago and has been owned by the Princely House of Liechtenstein since 1930.

Liechtenstein’s banks - a haven of stability

Liechtenstein’s banks boast financial strength and stability. They have a solid, high-quality capital base and are among the best-capitalized banks in Europe. Client deposits are covered by a modern, EU-compatible depositor protection scheme. Liechtenstein’s AAA rating from Standard & Poor’s underlines the country’s reliability as a financial center.

Thanks to Liechtenstein’s membership of the European single market, its banks enjoy full freedom to provide services in all EEA countries. This special position enables the Liechtenstein financial center to provide attractive diversification opportunities to investors with a global focus.

Skill, expertise and a strong service culture

As a small, specialized financial center, Liechtenstein combines many years of practical know-how with expertise in private banking. Professional advice and top-quality service are traditional strengths of Liechtenstein’s banks and key factors in their success. The banks also have a pool of specialists to draw on at home and abroad.

A 150-year-old tradition as a financial center

  • 1861–1955: Creation
  • 1956–1992: Development
  • 1993–2000: Expansion
  • 2001–present: Consolidation
  • 1861

    Liechtenstein’s first bank is established

  • 1920

    "LGT Bank Ltd." is founded

  • 1923

    The Customs Treaty is signed with Switzerland and banking secrecy is enshrined in the Banking Act

  • 1924

    The Swiss franc becomes legal tender

  • 1926

    The Law on Persons and Companies is passed

  • 1960

    Banking Act

  • 1969

    The Liechtenstein Bankers Association is founded

  • 1970

    Liechtenstein gets its first ATM

  • 1977

    First agreement on banks’ code of conduct with regard to the exercise of due diligence

  • 1980

    The Currency Treaty is signed with Switzerland

  • 1991

    EFTA membership

  • 1995

    EEA and WTO membership

  • 1997

    Due Diligence Act

  • 2001

    The Financial Intelligence Unit is set up to combat organized and white collar crime and act as a specialist office for due diligence

  • 2005

    An integrated Financial Market Authority (FMA) is founded

  • 2009

    onwards: OECD standards on international cooperation in tax matters are recognized and various Double Taxation Agreements (DTAs) and Tax Information Exchange Agreements (TIEAs) are signed

  • 2011

    The FMA becomes an ordinary member of IOSCO and the new Tax Act enters into force