Finance NEWS

Offshore Banking in Lichtenstein

Published by author on August 30, 2009

At only 100 square miles, Liechtenstein is a small landlocked country located in Western Europe. Bordered by Austria, and Switzerland to the east, west, with its capital located in the city of Vaduz.

With a population of just over 35,000 people, Liechtenstein is the country’s smallest German-speaking world. They were financial matters are concerned, English is also spoken of the desirability of the worlds financial investors. Lichtenstein’s reputation began as a tax haven tax havens around the same time, first introduced to the financial community.

Not surprisingly, rid the country of business economics is grounded in many cost-efficient, with foreign investors and financial services in the lead, followed by trade and industry. This has occurred is partly to its close ties with Switzerland and its membership of the European Economic Union.

Being so close to Switzerland, with close links to the Swiss financial community is also no surprise that the Swiss Franc (CHF) is the national currency of Lichtenstein. The Swiss franc (CHF) is traded almost even with the U.S. dollar USD 1.0681 to 0.9365 Swiss francs. This gives the citizens of Liechtenstein, with a GDP per capita of 118,000 (est. 2007). One of the highest in the world.

Legal codes based on common law followed by Liechtenstein courts. As a prince of Liechtenstein’s hereditary constitutional monarchy as head of state. It is also governed by a democratically elected parliament. It is politically stable modern democratic state.

One of the main attractions of Liechtenstein is its extremely flexible company law, which allows the creation of any type of legal organization that is recognized by the law of any jurisdiction in the world.

Low taxes and easy incorporation rules have induced approximately 74,000 holding companies to base themselves there, providing about 30% of revenue.

Liechtenstein has all the attributes sought in a stable tax haven and offshore banking location. Although there has been some fuss lately about data leakage and bank records sold in the UK and German tax authorities, every effort is made to stop the leak that was in defiance of the laws of the countries of privacy.

If you are considering bank in Liechtenstein, then the bank branch SwissFirst is one of the best options for privacy and service. While that charge higher fees and require a higher minimum balance in the range of U.S. $ 1 million, they also offer a maximum level of security, privacy and personal service. Although you can not open an anonymous acount with them, ensuring that it will protect your privacy and information to your last breath.

It has a politically democratic government, with its income based on the financial community. Its citizens are prosperous, thanks to investors outside the country, which means that government has a vested interest in keeping taxes low and invest friendly business rules.

Although Liechtenstein can not be the place to take your family for a vacation, it’s definitely a place to study, to send money to a tax haven.

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