While Liechtenstein is one of the smallest countries in Europe, situated next to Austria and Switzerland, it is also one of the richest in the world on the basis of per-capita GDP. It is also closely connected with Switzerland and the Swiss Franc is the official currency.
Liechtenstein is a member of the European Economic Area but not the European Union. It also has one of the most sophisticated banking, financial services and fiduciary industry, which also represents a large part of its economy. All financial and fiduciary services providers are strictly regulated and is one of the world's top-tier financial services jurisdictions.
Some advantages include:
- A long tradition of economic and political stability
- Excellent reputation for integrity, quality and expertise
- Highly regulated fiduciary services industry
- Major banking centre with strictest banking secrecy laws
- Excellent location in the heart of Europe
- Tax-free environment
The Liechtenstein family foundation was first introduced in 1926 and the minimum initial fund is CHF 30,000.