Economic overview Liechtenstein, in 36 editions.

The prosperous economy is based primarily on small-scale light industry and some farming. tourism. Industry accounts for 54% of total employment, the service sector 42% (mostly based on tourism), and agriculture and forestry 4%. The sale of postage stamps to collectors is estimated at $10 million annually and accounts for 10% of revenues. annually. Low business taxes (the maximum tax rate is 20%) and easy incorporation rules have induced about 25,000 holding or so-called letter box companies to establish nominal offices in Liechtenstein. Such companies, incorporated solely for tax purposes, provide an additional 30% of state revenues. The economy is tied closely to that of Switzerland in a customs union, and incomes and living standards parallel those of the more prosperous Swiss groups.

The prosperous economy is based primarily on small-scale light industry and
tourism. Industry accounts for 54% 53% of total employment, the service sector 42%
45% (mostly based on tourism), and agriculture and forestry 4%. 2%. The sale of
postage stamps to collectors is estimated at $10 million annually. Low
business taxes (the maximum tax rate is 20%) and easy incorporation rules
have induced about 25,000 holding or so-called letter box companies to
establish nominal offices in Liechtenstein. Such companies, incorporated
solely for tax purposes, provide 30% of state revenues. The economy is tied
closely to that of Switzerland in a customs union, and incomes and living
standards parallel those of the more prosperous Swiss groups.

The prosperous economy is based primarily on small-scale light industry and
tourism. Industry accounts for 53% of total employment, the service sector
45% (mostly based on tourism), and agriculture and forestry 2%. The sale of
postage stamps to collectors is estimated at $10 million annually. Low
business taxes (the maximum tax rate is 20%) and easy incorporation rules
have induced about 25,000 holding or so-called letter box companies to
establish nominal offices in Liechtenstein. Such companies, incorporated
solely for tax purposes, provide 30% of state revenues. The economy is tied
closely to that of Switzerland Switzerland's economy in a customs union, and incomes and living
standards parallel those of the more prosperous Swiss groups.

The prosperous economy is based primarily on small-scale light
industry and
tourism. Industry accounts for 53% of total employment,
the service sector
45% (mostly based on tourism), and agriculture and
forestry 2%. The sale of
postage stamps to collectors is estimated at
$10 million annually. Low
business taxes (the maximum tax rate is 20%)
and easy incorporation rules
have induced about 25,000 holding or
so-called letter box companies to
establish nominal offices in
Liechtenstein. Such companies, incorporated
solely for tax purposes,
provide 30% of state revenues. The economy is tied
closely to
Switzerland's economy in a customs union, and incomes and living
standards parallel those of the more prosperous Swiss groups.

The prosperous economy is based primarily on small-scale light
industry Despite its small size and tourism. Industry accounts for 53% of total employment, limited natural resources,
the Liechtenstein has developed into a prosperous, highly industrialized,
free-enterprise economy with a vital service sector 45% (mostly based on tourism), and agriculture and
forestry 2%. The sale of postage stamps to collectors is estimated at living
$10 million annually. standards on par with its large European neighbors. Low business taxes (the
- the maximum tax rate is 20%)
20% - and easy incorporation rules have
induced about 25,000 holding or
so-called letter box companies to
establish nominal offices in
Liechtenstein. Such companies, incorporated solely for tax purposes,
provide Liechtenstein, providing 30% of state
revenues. The economy is tied closely to
Switzerland's economy country participates in a customs union, and incomes and living union with Switzerland
standards parallel those of and uses the more prosperous Swiss groups. franc as its national currency. Liechtenstein plans
to join the European Economic Area (an organization serving as a
bridge between EFTA and EU) in 1995.

Despite its small size and limited natural resources,
resources, Liechtenstein has developed into a prosperous, highly industrialized,
industrialized, free-enterprise economy with a vital service sector
and living
standards on par with the urban areas of its large
European neighbors. Low business taxes
- the maximum tax rate is 20% 18%
- and easy incorporation rules have
induced about 25,000 holding or
so-called letter box companies to
establish nominal offices in
Liechtenstein, providing 30% of state
revenues. The country
participates in a customs union with Switzerland
and uses the Swiss
franc as its national currency. Liechtenstein plans
to join the
European Economic Area (an organization serving as a
bridge between
EFTA and EU) in 1995.

Despite its small size and limited natural
resources, Liechtenstein has developed into a prosperous, highly
industrialized, free-enterprise economy with a vital financial service sector
sector and living standards on a par with the urban areas of its large
European neighbors. Low business taxes - the maximum tax rate is 18%
-
and easy incorporation rules have induced about 25,000 holding or
so-called letter box companies to establish nominal offices in
Liechtenstein, providing 30% of state revenues. The country
participates in a customs union with Switzerland and uses the Swiss
franc as its national currency. It imports more than 90% of its energy
requirements. Liechtenstein plans to join is a member of the
European Economic Area
(an organization serving as a bridge between
EFTA and EU) in since May
1995. The government is working to harmonize its economic policies
with those of an integrated Europe.

Despite its small size and limited natural
resources, Liechtenstein has developed into a prosperous, highly
industrialized, free-enterprise economy with a vital financial service
sector and living standards on a par with the urban areas of its large
European neighbors. Low business taxes - the taxes-the maximum tax rate is 18% - 18%-and
and easy incorporation rules have induced about 25,000 73,700 holding or
so-called letter box companies to establish nominal offices in
Liechtenstein, providing 30% of state revenues. The country
participates in a customs union with Switzerland and uses the Swiss
franc as its national currency. It imports more than 90% of its energy
requirements. Liechtenstein is a member of the European Economic Area
(an organization serving as a bridge between EFTA and EU) since May
1995. The government is working to harmonize its economic policies
with those of an integrated Europe.

Despite its small size and limited natural
resources, Liechtenstein has developed into a prosperous, highly
industrialized, free-enterprise economy with a vital financial service
service sector and living standards on a par with the urban areas of
its large
European neighbors. Low business taxes-the taxes--the maximum tax
rate is 18%-and
18%--and easy incorporation rules have induced about 73,700
holding or
so-called letter box companies to establish nominal
offices in
Liechtenstein, providing 30% of state revenues. The country
country participates in a customs union with Switzerland and uses
the Swiss
franc as its national currency. It imports more than 90%
of its energy
requirements. Liechtenstein is a member of the
European Economic Area
(an organization serving as a bridge between EFTA
European Free Trade Association (EFTA) and EU) since May
1995. The
government is working to harmonize its economic policies
with those
of an integrated Europe.

Despite its small size and limited natural
resources, Liechtenstein has developed into a prosperous, highly
industrialized, free-enterprise economy with a vital financial
service sector and living standards on a par with the urban areas of
its large European neighbors. Low business taxes--the taxes - the maximum tax
rate is 18%--and 18% - and easy incorporation rules have induced about 73,700
holding or so-called letter box companies to establish nominal
offices in Liechtenstein, providing 30% of state revenues. The
country participates in a customs union with Switzerland and uses
the Swiss franc as its national currency. It imports more than 90%
of its energy requirements. Liechtenstein is has been a member of the
European Economic Area (an organization serving as a bridge between
European Free Trade Association (EFTA) and EU) since May 1995. The
government is working to harmonize its economic policies with those
of an integrated Europe.

Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and living standards on a par with the urban areas of its large European neighbors. Low business taxes - the maximum tax rate is 18% - and easy incorporation rules have induced about 73,700 holding or so-called letter box companies to establish nominal offices in Liechtenstein, providing 30% of state revenues. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between European Free Trade Association (EFTA) and EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe.

Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and living standards on a par with the urban areas of its large European neighbors. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum tax rate is 18% 20% - and easy incorporation rules have induced 73,700 a large number of holding or so-called letter box companies to establish nominal offices in Liechtenstein, providing 30% of state revenues. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between European Free Trade Association (EFTA) and EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe.

Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and living standards on a par with the urban areas of its large European neighbors. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced a large number of many holding or so-called letter box companies to establish nominal offices in Liechtenstein, providing 30% of state revenues. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe.

Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and living standards on a par with its large European neighbors. the highest per capita income in the world. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced many holding or so-called letter box companies to establish nominal offices in Liechtenstein, providing 30% of state revenues. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe. In 2008 Liechtenstein came under renewed international pressure - particularly from Germany - to improve transparency in its banking and tax systems.

Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and the highest per capita income in the world. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced many holding companies to establish nominal offices in Liechtenstein, Liechtenstein providing 30% of state revenues. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe. In 2008 2008, Liechtenstein came under renewed international pressure - particularly from Germany - to improve transparency in its banking and tax systems. In December 2008, Liechtenstein signed a Tax Information Exchange Agreement with the US. Upon Liechtenstein's conclusion of 12 bilateral information-sharing agreements, the OECD in October 2009 removed the principality from its "grey list" of countries that had yet to implement the organization's Model Tax Convention.

Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and likely the second highest per capita income in the world. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced many holding companies to establish nominal offices in Liechtenstein providing 30% of state revenues. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe. In 2008, Liechtenstein came under renewed international pressure - particularly from Germany - to improve transparency in its banking and tax systems. In December 2008, Liechtenstein signed a Tax Information Exchange Agreement with the US. Upon Liechtenstein's conclusion of 12 bilateral information-sharing agreements, the OECD in October 2009 removed the principality from its "grey list" of countries that had yet to implement the organization's Model Tax Convention. By the end of 2010, Liechtenstein had signed 25 Tax Information Exchange Agreements or Double Tax Agreements.

Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and likely the second highest per capita income in the world. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced many holding companies to establish nominal offices in Liechtenstein providing 30% of state revenues. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe. In Since 2008, Liechtenstein came under has faced renewed international pressure - particularly from Germany - to improve transparency in its banking and tax systems. In December 2008, Liechtenstein signed a Tax Information Exchange Agreement with the US. Upon Liechtenstein's conclusion of 12 bilateral information-sharing agreements, the OECD in October 2009 removed the principality from its "grey list" of countries that had yet to implement the organization's Model Tax Convention. By the end of 2010, Liechtenstein had signed 25 Tax Information Exchange Agreements or Double Tax Agreements. In 2011 Liechtenstein joined the Schengen area, which allows passport-free travel across 26 European countries.

Despite its small size and limited natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and likely the second third highest per capita income in the world. world, after Qatar and Luxembourg. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced many holding companies to establish nominal offices in Liechtenstein Liechtenstein, providing 30% of state revenues. The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe. Since 2008, Liechtenstein has faced renewed international pressure - particularly from Germany and the United States - to improve transparency in its banking and tax systems. In December 2008, Liechtenstein signed a Tax Information Exchange Agreement with the US. Upon Liechtenstein's conclusion of 12 bilateral information-sharing agreements, the OECD in October 2009 removed the principality from its "grey list" of countries that had yet to implement the organization's Model Tax Convention. By the end of 2010, Liechtenstein had signed 25 Tax Information Exchange Agreements or Double Tax Agreements. In 2011 Liechtenstein joined the Schengen area, which allows passport-free travel across 26 European countries.

Despite its small size and limited lack of natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and the third highest per capita income in the world, after Qatar and Luxembourg. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum tax rate is 20% - and easy incorporation rules have induced many holding companies to establish nominal offices in Liechtenstein, providing 30% of state revenues.
The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe.
Since 2008, Liechtenstein has faced renewed international pressure - particularly from Germany and the United States US - to improve transparency in its banking and tax systems. In December 2008, Liechtenstein signed a Tax Information Exchange Agreement with the US. Upon Liechtenstein's conclusion of 12 bilateral information-sharing agreements, the OECD in October 2009 removed the principality from its "grey list" of countries that had yet to implement the organization's Model Tax Convention. By the end of 2010, Liechtenstein had signed 25 Tax Information Exchange Agreements or Double Tax Agreements. In 2011 2011, Liechtenstein joined the Schengen area, which allows passport-free travel across 26 European countries.

Despite its small size and lack of natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service sector and the third highest per capita income in the world, after Qatar and Luxembourg. The Liechtenstein economy is widely diversified with a large number of small businesses. Low business taxes - the maximum a flat tax rate of 12.5% on the income is 20% applied - and easy incorporation rules have induced many holding companies to establish nominal offices in Liechtenstein, providing 30% of state revenues.
The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe.
Since 2008, Liechtenstein has faced renewed international pressure - particularly from Germany and the US - to improve transparency in its banking and tax systems. In December 2008, Liechtenstein signed a Tax Information Exchange Agreement with the US. Upon Liechtenstein's conclusion of 12 bilateral information-sharing agreements, the OECD in October 2009 removed the principality from its "grey list" of countries that had yet to implement the organization's Model Tax Convention. By the end of 2010, Liechtenstein had signed 25 Tax Information Exchange Agreements or Double Tax Agreements. In 2011, Liechtenstein joined the Schengen area, which allows passport-free travel across 26 European countries.

Despite its small size and lack of natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial service services sector and one of the third highest per capita income levels in the world, after Qatar and Luxembourg. world. The Liechtenstein economy is widely diversified with a large number of small businesses. and medium-sized businesses, particularly in the services sector. Low business taxes - a flat tax of 12.5% on the income is applied - and easy incorporation rules have induced many holding companies to establish nominal offices in Liechtenstein, providing 30% of state revenues.
The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe.
EU. As of 2015, 54% of Liechtenstein’s workforce consisted of cross-border commuters, largely from Austria, Germany, and Switzerland. Since 2008, Liechtenstein has faced renewed international pressure - particularly from Germany and the US - to improve transparency in its banking and tax systems. In December 2008, Liechtenstein signed a Tax Information Exchange Agreement with the US. Upon Liechtenstein's conclusion of 12 bilateral information-sharing agreements, the OECD in October 2009 removed the principality from its "grey list" of countries that had yet to implement the organization's Model Tax Convention. By the end of 2010, Liechtenstein had signed 25 Tax Information Exchange Agreements or Double Tax Agreements. In 2011, Liechtenstein joined the Schengen area, which allows passport-free travel across 26 European countries. In 2015, Liechtenstein and the EU agreed to clamp down on tax fraud and evasion and in 2018 will start automatically exchanging information on the bank accounts of each other’s residents.

Despite its small size and lack of natural resources, Liechtenstein has developed into a prosperous, highly industrialized, free-enterprise economy with a vital financial services sector and one of the highest per capita income levels in the world. The Liechtenstein economy is widely diversified with a large number of small and medium-sized businesses, particularly in the services sector. Low business taxes - a flat tax of 12.5% on income is applied - and easy incorporation rules have induced many holding companies to establish nominal offices in Liechtenstein, providing 30% of state revenues.
The country participates in a customs union with Switzerland and uses the Swiss franc as its national currency. It imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association and the EU) since May 1995. The government is working to harmonize its economic policies with those of an integrated EU. As of 2015, 54% of Liechtenstein’s workforce consisted of cross-border commuters, largely from Austria, Germany, and Switzerland.
Since 2008, Liechtenstein has faced renewed international pressure - particularly from Germany and the US - to improve transparency in its banking and tax systems. In December 2008, Liechtenstein signed a Tax Information Exchange Agreement with the US. Upon Liechtenstein's conclusion of 12 bilateral information-sharing agreements, the OECD in October 2009 removed the principality from its "grey list" of countries that had yet to implement the organization's Model Tax Convention. By the end of 2010, Liechtenstein had signed 25 Tax Information Exchange Agreements or Double Tax Agreements. In 2011, Liechtenstein joined the Schengen area, which allows passport-free travel across 26 European countries. In 2015, Liechtenstein and the EU agreed to clamp down on tax fraud and evasion and in 2018 will start automatically exchanging information on the bank accounts of each other’s residents.