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.
The minister for economy in Liechtenstein considers the country is ready for the new challenge proposed by Industry 4.0, the project meant to interconnect the country through a high-speed broadband internet connection. The government wants to create an attractive infrastructure and create new development conditions for companies in Liechtenstein with a focus on innovative startups.
The government worked together with IT specialists in the country in order to create the infrastructure for Industry 4.0 which enables companies in the Principality to interconnect their systems. Moreover, it is said that Industry 4.0 will also be implemented in schools.
In order to add more value to its project, the government has also started to work on the research infrastructure. Our company formation agents in Liechtenstein can assist enterprisers interested in opening IT companies in this country.
With such an ambitious project like Industry 4.0, Liechtenstein needs a revamp of the research industry which has only started developing a few years back. In order to accelerate its development, Liechtenstein connected to the Swiss Commission for Technology and Innovation in order to expand its research capacity and infrastructure.
In order to achieve that, Liechtenstein will need a high-speed internet connection which is why Telecom Liechtenstein is now preparing for the introduction of 5G networks for both the landline and mobile internet infrastructures.
If you are interested in opening a company in Liechtenstein and need information on the research and innovation industries, please feel free to contact us. We can also assist with the company formation process of the Liechtenstein company.