There are many people who want to move to Liechtenstein or want to start a business here, however, they have little to no information on this European small country bordered by Austria and Switzerland. Its size of only 160 square kilometers could make some believe that there isn’t much to do here, yet Liechtenstein is one of the most industrialized countries in the world. Below, our Liechtenstein company formation consultants will offer some surprising information on the small country, also known as the Principality of Liechtenstein.
After more than 170 years, Liechtenstein opened the doors to the first casino at the end of this summer. The last casino in Liechtenstein was closed in 1846, as the government had then issued a ban for carrying out gambling activities, a ban which was stopped in 2011 when the law was changed. This new event creates new opportunities for other casino players seeking to enter the Liechtenstein market. Our company formation consultants in Liechtenstein can offer information on the legislation related to gambling in the Principality.
Liechtenstein is not only an appreciated financial center in the world, as recent statistics issued by the Chamber of Commerce and Industry (LIHK) indicate goods produced here are also appreciated. According to the LIHK, the foreign trade turnover rose by 2.3% in 2016, reaching 6.7 billion CHF. Foreign investors who want to set up companies in the Principality can request the services of our company formation advisors in Liechtenstein.
Liechtenstein is one of the few countries in the world which usually receive good ratings from credit rating agencies. At the end of July, the government issued a detailed report indicating the reasons why Standard and Poor’s assigned Liechtenstein the highest rating: AAA. The agency also announced a stable outlook for the Principality. Our company formation agents in Liechtenstein can assist investors interested in starting a business here.
2016 was a good year for Liechtenstein’s trading industry, according to the Office of Statistics. While commodities exports to Europe rose significantly, imports also grew but at a slower pace, while the overall trade balance remained positive. Investors interested in starting a business in the trading industry can rely on our company registration agents in Liechtenstein.
Ever wondered about the connection between the financial sector and the energy one? Liechtenstein’s financial industry has become the main supporter of the energy segment, according to the Bankers Association. Below we will explain how that became possible. In the meantime, our Liechtenstein company formation consultants can offer information on the legislation covering both industries in this country.
The new Undertakings for Collective Investment in Transferable Securities Act in Liechtenstein provides for several types of investors. Even if not much has changed in the law, one of the most significant changes refers to the types on investors welcome to set up investment funds in Liechtenstein. One of the new category of investors refers to interest groups. Our company formation agents in Liechtenstein can assist foreign investors interested in establishing investment funds in this country.
At the end of May, the Liechtenstein Office of Statistics reported an increase in the construction sector in the Principality. According to the report issued by the office, the number of construction projects rose significantly compared to the same period of 2016. Also, the number of foreign investors interested in the construction industry in Liechtenstein doubled compared on a year-to-year basis. If you want to open a company in the construction industry, you can rely on our company registration agents in Liechtenstein.
Liechtenstein has one of the most performant banking systems in Europe, considering the number of banks per the total population of the country. There are 14 banks operating in Liechtenstein at the moment and all of them have reported goods incomes between January and December 2016.Foreign investors interested in starting a business in the financial sector can rely on our company registration advisors in Liechtenstein.
The financial industry is one of the most appreciated economic sectors of Liechtenstein. This is also the reason why the government and the Financial Supervisory Authority in the country amends the investment funds legislation quite often. These changes offer a modern approach and may advantages to investors seeking to establish investment funds in Liechtenstein. Our company formation agents in Liechtenstein can offer information on the legislation.
Liechtenstein’s economic growth registered in the first quarter of 2017 was partially given the increase in the foreign trade numbers. Imports and exports registered a slight increase on a year-to-year basis, with European countries being the most important trading partners for Liechtenstein at the beginning of the year. Our company registration consultants in Liechtenstein can assist those interested in starting a trading business in the Principality.
As we are approaching the half of 2017, the first analyses on Liechtenstein’s economy during this period of time show a good track of the economy. Exports have grown and industrial companies are positive about the business climate in Liechtenstein and the Office of Statistics also reported a moderate growth of the economy during the first 4 months of this year. Our company registration consultants in Liechtenstein can assist foreign investors interested in starting a business in this country.
Agriculture and forestry are two of the most important branches of Liechtenstein’s economy. The municipalities work together with a few private companies in Liechtenstein to preserve the beautiful landscape tourists admire when visiting the country. Agriculture and forestry are two of the sectors in which investment opportunities are bountiful and foreign enterprisers can rely on our company formation consultants in Liechtenstein if they want to start businesses in these industries.
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.