Liechtenstein, the financial center

1
Liechtenstein, the financial center

• Russian Economic and Financial Forum, Zurich,
  January 31, 2005

2
Facts Figures

• 16 Banks
• 350 trust companies (fiduciaries)
• CHF 104 billion (1000 million) under management

3
Principle
One country two economic areas
4
3 Foundations

1. International network
2. Liberal economic environment
3. Individual is the focus of economic success

5
International network

• Global focus LGT and VP Bank as examples
• Vital committment to fight the abuse of the
  system strict anti-money-laundering and anti
  financing of terrorism legislation
• EU-withholding tax system
• Close co-operation with the European Banking
  Federation

6
Liberal economic environment

• Customs and Currency union with Switzerland CHF
  as currency, tight relation to the Swiss economy
• Member of the European Economic Area (EEA)
  privileged relations to the EU
• Strict banking secrecy no mutual legal
  assistance in purely tax matters
• State interventions in business and competition
  kept to a minimum

7
Individual is focus of economic success

• All actions by the Liechtenstein financial center
  are focused on individual solutions private
  banking and company law
• Competitive environment even harder after 2001

8
Actively shaping the future

• Innovation and communication are of crucial
  importance on the business side investment funds
• Dialogue and seeking for constructive
  co-operation on the associations side Germany
• Maintenance of privacy and banking secrecy

9
Conclusion

• Transparency where necessary global threats as
  money laundering and financing of terrorism, no
  abuse
• Privacy as the basic rule in Liechtenstein as a
  european country
• We stand for respectful interaction with clients
  and also within the political and economic
  framework