Even if it is one of the smallest countries in Europe, Liechtenstein is one of the most visited because of its beautiful landscapes in cities like Vaduz or winter destinations like Malbun. Also, the National Tourism Agency in the Principality is doing its best to promote the country as an international tourism destination and so the country attracts visitors from all over the world every year.
Considering Liechtenstein does not count on a developed industry, most of its goods being imported, the tourism sector has become quite important for the economy and many foreign investors have found important business opportunities here. Many of them open travel agencies and tour operators in Liechtenstein.
Our company formation agents in Liechtenstein can offer information about the Tourism Code.
Foreign enterprisers who want to start a travel agency in the Principality must first register a company in Liechtenstein. They can choose between several structures even if the most common choice is the limited liability company. One must have the documents of incorporation prepared and then filed with the Companies Registrar in Liechtenstein. Foreign enterprisers must also know that according to the Company Law the travel agency must have a resident manager. Once these requirements are met, the Liechtenstein travel agency must obtain its trade license with the Public Registry.
Our company registration representatives in Liechtenstein can assist you with the company formation procedure.
We have also created a video on how to set up a travel agency in Liechtenstein:
Apart from the trade license, after opening a travel agency in Liechtenstein, the owner may also become an authorized IATA (International Air Transport Association) agent. This accreditation will also them to sell plane tickets to customers, provided that they have concluded contracts with aviation companies. The Liechtenstein travel agency must sign a passenger agency agreement with the aviation companies.
The travel agent must also have specific qualifications related to the tourism industry in order to become a IATA agent. Companies in Liechtenstein also have the possibility of hiring specialized personnel.
A travel agency or tour operator is allowed to offer the following services:
Also, just like any other travel agencies all over the world, the ones in Liechtenstein are required to have insurance policies for the packages they sell. Clients of travel agencies in Liechtenstein are required to have a travel insurance which the can purchase from the agency or separately.
Foreign citizens interested in investing in the tourism industry in Liechtenstein can set up travel agencies, restaurants or even hotels here. Tourism is currently one of the most important economic sectors in the country and it very close to bringing the same annual income as the financial industry. Tourism is also one of the largest employers for the Liechtenstein workforce.
In numbers, tourism represents 4% of the country’s Gross Domestic Product and in the next years the incomes generated by hotels, restaurants and travel agencies are expected to grow by 200 million CHF on an annual basis.
For assistance in setting up a travel agency, please feel free to contact our company registration consultants in Liechtenstein.