Business in Liechtenstein

liechtenstein.marketing

As a business location, Liechtenstein has much to offer. Known is the stable and innovative financial centre. However, the large, well-diversified industrial sector is still to be discovered. Both sectors benefit from the numerous advantages that Liechtenstein as a business location offers. Two markets (EEA and Switzerland), stability, a simple, contemporary tax system and an environment in which entrepreneurship is worth it: All this contributes to the success of a company in Liechtenstein. The new brochure “Business in Liechtenstein” offers more information about the various location advantages of the country.

usiness

in liechtenstein

Access to two markets

19

At the heart of two

economic areas

As a small state with a very limited domestic market, it was always clear for

companies based in Liechtenstein that they would need to look abroad in order to

be successful in the long term. Through a series of agreements the country has

created optimal conditions for an export-oriented economy.

Liechtenstein’s exports

Direct goods exports and direct goods imports

between 2003 and 2012 are shown without

ser vices. Due to the customs and currency union

in millions

of CHF

5‘000

4‘000

3‘000

2‘000

1‘000

0

with Switzerland, trade with and via Switzerland

is not shown.

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Liechtenstein has been a member of the European

Economic Area (EEA) since 1995. Companies

based in the Principality benefit from

the advantages of the free movement of goods,

persons, services and capital within the EU/EEA

single market. Due to Liechtenstein’s exceptional

geographic situation there are special provisions

in place on the free movement of persons

and the freedom of establishment. Liechtenstein

is also a member of the European Free Trade

Association (EFTA) and profits from one of

the biggest networks of free trade agreements

worldwide. Back in 1923, Liechtenstein signed a

treaty with Switzerland that extended the Swiss

customs area to include Liechtenstein. Via this

agreement, the bilateral free trade agreements

concluded by Switzerland also apply to Liechtenstein

in terms of the movement of goods.

Liechtenstein furthermore uses the Swiss franc

as its currency.

Liechtenstein as an exporting nation

Liechtenstein promotes entrepreneurship. In

order to grant companies, in particular start-ups

and SMEs, easy access to international markets,

they are supported by the organisation Switzerland

Global Enterprise (S-GE, previously OSEC).

In a performance agreement signed between the

government and S-GE in 2011 it was established

that S-GE is responsible for providing companies

with initial information and professional

support on issues concerning export. This service

includes everything from information gathering

to generating first-class business contacts.

International agreements

1995 Accession to European Economic Area

(EEA) on 1 May, accession to World

Trade Organisation (WTO) on

1 September

1991 Full membership of European

Free Trade Association (EFTA)

1990 Accession to United Nations (UN)

1978 Accession to Council of Europe

1975 Signing of Helsinki Final Act of

CSCE (today OSCE)

1950 Accession to Statute of International

Court of Justice (ICJ)

1923 Signing of Customs Treaty with

Switzerland

Goods exported

Goods imported

Liechtenstein in Figures 2014

More magazines by this user