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