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The Principality of Liechtenstein |
The Principality of Liechtenstein is a constitutional monarchy established on democratic parliamentary principles. The head of state is the reigning Prince von und zu Liechtenstein, currently Hans-Adam II. Since the middle of 2004, government business is managed by his son, Crown Prince Alois.
The Principality of Liechtenstein lies at the centre of Europe, nestled between Switzerland and Austria.
A total of some 38,000 inhabitants live in 11 municipalities which cover an area of 160 km2. Approx. 34% of the inhabitants are foreigners. The official language is German.
The Principality of Liechtenstein has been in a customs and currency union with Switzerland since 1924. For this reason the official currency is the Swiss Franc (CHF). Furthermore, the Principality of Liechtenstein has been a member of the Council of Europe since 1978, a member of the UN since 1990 and a member of the European Economic Area (EEA) since 1995.
The most important economic sectors are the industrial and service sectors, which account for more than 93% of gross domestic product. The financial services sector alone accounts for 27% of this.
The financial centre Liechtenstein offers its clients the following key advantages:
- liberal company law
- special tax privileges
- secure economic and political environment at the centre of Europe
- free movement of capital and a stable currency
- strong banking system
- ideal infrastructure
- high level of discretion with respect to compliance with international legal standards in the field of preventing money laundering, organised crime and financing of terrorism
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main street through Vaduz |
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