At the beginning of October, the EU Council announced the removal of Liechtenstein from the so-called grey list containing countries which did not fully complied with the harmonized tax legislation. This means that Liechtenstein now meets the OECD and EU requirements with respect to the corporate tax laws under which competition between companies could have been deemed unfair under certain circumstances. Foreign investors who want to open companies in Liechtenstein can rely on our local consultants for information on the tax legislation applicable here.