The Principality of Liechtenstein with its capital Vaduz lies at the centre of Europe, nestled between Switzerland and Austria.
The form of government is a constitutional monarchy established on democratic parliamentary principles. The head of state is the reigning Prince von und zu Liechtenstein, Hans-Adam II, but the government business is already handled since more than ten years, since 15th August 2004, by his son, Crown Prince Alois.
A total of some 37’000 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. The official currency is the Swiss Franc (CHF). The Principality of Liechtenstein has been a member of the Council of Europe since 1978, a member of the UN since 1990 and in contrast to Switzerland, 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 94% of gross domestic product, out of that around 30% accounts to the financial services sector.
The financial centre Liechtenstein offers its clients the following key advantages:
- liberal and modern company law,
- independent jurisdiction,
- modern tax law,
- secure economic and political environment at the centre of Europe,
- highly qualified education (own university),
- free movement of capital and a stable currency,
- strong and efficient banking system,
- state of the art infrastructure,
- high level of discretion with respect to compliance with international legal standards in the field of preventing money laundering and organised crime.