With a new government and a booming economy, Liechtenstein is doing better by the month. According to recent statistics issued by the Labor Market Service, the unemployment rate has decreased even more in March. At the end of the previous month only 416 people were unemployed in Liechtenstein. The Principality now has one of the lowest unemployment rates in Europe. Our company formation agents in Liechtenstein can offer information on the employment legislation applicable in this country.
If until recently Liechtenstein attracted mostly investment funds and professional investors setting up this type of financial companies, after the Organization for Economic Co-operation and Development (OECD) has put pressure on countries offering special tax incentives to large financial companies to abolish these benefits, Liechtenstein has become more attractive to large international corporations in the financial sector. Our company formation consultants in Liechtenstein can offer information on how to establish a financial company in the Principality.
Not only is Liechtenstein as a financial center located at the heart of Europe, but it is also known as destination for wealthy individuals interested in protecting their assets through various legal entities designed for this purpose. A less known fact is that Liechtenstein has also become the favorite country for those interested in doing charitable work, as non-profit organizations delivered 219 million CHF to charitable projects in 2016, according to a recently launched survey. Our company registration agents in Liechtenstein can assist those interested in establishing NGOs in the Principality.
With a strong focus on innovation and research and development, Liechtenstein has started preparing for the implementation of a new project called Industry 4.0. What does that exactly mean and what does it imply? According to the government: a more appealing internet infrastructure and improved conditions for innovative companies. Our company registration consultants in Liechtenstein can help foreign investors interested in starting an innovative business.
In 2016, Liechtenstein had one of the best periods of time in the last few years when it comes to the performance of the trading industry. While it was expected for imports to grow, last year most Liechtenstein companies reported an increase in their export numbers with European countries remaining the largest trading partners. Our company registration consultants in Liechtenstein can assist foreign investors who want to open trading companies in the Principality.
Liechtenstein wants to address the entrance of innovative companies in the financial industry in the country by easing the registration requirements for them. In order to achieve that, the Principality’s government wants to modify the legislation related to financial markets by offering customized minimum share capital requirements based on the bank and investment companies’ profiles. Our company registration consultants in Liechtenstein can offer information about the current laws on financial markets.
2017 is predicted to be a good one for the Liechtenstein economy, according to the National Office of Statistics which requested local companies’ input on the industry and production. Most Liechtenstein companies declared they were satisfied with the economy at the end of 2016 and are positive about 2017. If you are interested in starting a business in the Principality, our Liechtenstein company formation consultants can help you.
With close economic ties, Liechtenstein and Switzerland have finally amended their double taxation agreement at the end of 2016. On January 1st, 2017, the agreement became effective in both countries. For Liechtenstein, this treaty is more important than ever, considering the influx of Swiss investors and employees during the last several years. Our company formation agents in Liechtenstein can offer information about other double tax treaties the Principality signed to foreign investors interested in opening companies here.
In the last few years, tourism has become one of the major industries in Liechtenstein. The number of foreign investors opening various businesses in the tourism sector has grown and due to the high quality of services coupled with good promotional programs developed by the government, the number of tourists has grown considerably in 2016. Our company formation agents in Liechtenstein can assist foreign enterprisers interested in investing in the tourism industry.