Liechtenstein: Offshore Business Sectors
This page was last updated on 28 May 2020.
Banking, especially private banking, is Liechtenstein's flagship financial service, although its trust regime, distinctive as it is modelled on common law precedents, is widely used. The variety and great flexibility of corporate forms available in Liechtenstein, coupled with excellent tax-saving possibilities, has encouraged an inflow of holding and investment management companies. See Offshore Legal and Tax Regimes for details.
In 2011 and 2012, the administration developed legislation for captive insurance and collective investment sectors. By the end of 2012, there were 40 insurance companies domiciled in Liechtenstein. Direct insurance companies operate almost exclusively pursuant to the free movement of services in the EEA and Switzerland.
The Asset Management Act (AMA) entered into force on 1 January 2006. This Act laid the foundation for asset management companies as new, internationally recognized financial intermediaries. The Financial Markets Authority supervises implementation of the AMA and related ordinances as well as compliance with regulations.
At the end of 2012, there were 20 fund management companies and 557 investment funds operating in Liechtenstein; assets under management in Liechtenstein stood at CHF37.2billion.