Post on 31-Dec-2015
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Liechtenstein, the financial Liechtenstein, the financial centercenter
Russian Economic and Financial Forum, Russian Economic and Financial Forum, Zurich, January 31, 2005Zurich, January 31, 2005
Facts & FiguresFacts & Figures
16 Banks16 Banks 350 trust companies (fiduciaries)350 trust companies (fiduciaries) CHF 104 billion (1000 million) under CHF 104 billion (1000 million) under
managementmanagement
PrinciplePrinciple
One country – two economic areasOne country – two economic areas
3 Foundations3 Foundations
11 International networkInternational network
22 Liberal economic environmentLiberal economic environment
33 Individual is the focus of economic Individual is the focus of economic successsuccess
International networkInternational network
Global focus; LGT and VP Bank as examplesGlobal focus; LGT and VP Bank as examples Vital committment to fight the abuse of the Vital committment to fight the abuse of the
system; strict anti-money-laundering and system; strict anti-money-laundering and anti financing of terrorism legislationanti financing of terrorism legislation
EU-withholding tax – systemEU-withholding tax – system Close co-operation with the European Close co-operation with the European
Banking FederationBanking Federation
Liberal economic environmentLiberal economic environment
Customs and Currency union with Customs and Currency union with Switzerland; CHF as currency, tight relation Switzerland; CHF as currency, tight relation to the Swiss economyto the Swiss economy
Member of the European Economic Area Member of the European Economic Area (EEA); privileged relations to the EU(EEA); privileged relations to the EU
Strict banking secrecy; no mutual legal Strict banking secrecy; no mutual legal assistance in purely tax mattersassistance in purely tax matters
State interventions in business and State interventions in business and competition kept to a minimumcompetition kept to a minimum
Individual is focus of economic Individual is focus of economic successsuccess
All actions by the Liechtenstein financial All actions by the Liechtenstein financial center are focused on individual solutions; center are focused on individual solutions; private banking and company lawprivate banking and company law
Competitive environment even harder after Competitive environment even harder after 20012001
Actively shaping the futureActively shaping the future
Innovation and communication are of Innovation and communication are of crucial importance on the business side; crucial importance on the business side; investment fundsinvestment funds
Dialogue and seeking for constructive co-Dialogue and seeking for constructive co-operation on the associations side; operation on the associations side; GermanyGermany
Maintenance of privacy and banking Maintenance of privacy and banking secrecysecrecy
ConclusionConclusion
Transparency where necessary; global Transparency where necessary; global threats as money laundering and threats as money laundering and financing of terrorism, no abusefinancing of terrorism, no abuse
Privacy as the basic rule in Privacy as the basic rule in Liechtenstein as a european countryLiechtenstein as a european country
We stand for respectful interaction with We stand for respectful interaction with clients and also within the political and clients and also within the political and economic frameworkeconomic framework